Family Office Exits
Hello All,
Are family offices a dead end career path? I am interviewing at one and am a bit concerned that I would have difficulty exiting if I wanted to in the future.
the statement is, "once you worked at one FO you worked at one" i will say, i interviewed at one, got an offer from one and ended up turning it down, some people say a family office is where you would would to exit too
100% depends on the family office. Good family offices are the exit though.
This is the comment - working at a place like Woodbridge Company (Reuters family) or MSD Capital (Dell family) is very reputable and quite different from saying working at a more obscure, $50mm multi-family office
Having run a SFO as CIO for 5 years, if the FO doesn’t have assets > 500mm, then it is a dead end.
Would it be okay if I PM-ed you about a potential opportunity I’m in a process for?
I work for SFO, my life is bliss compared to working at a bank. Occasionally have to put in some hours on the weekend, but rare. Normally I’m home to spend sometime with my family - became very rare at the bank. Everyone is smart - not always the case at a bank. The environment is a bit more introverted, but after I became acquainted with everyone it became an awesome place to work. People are a lot less childish. Only way I’d look to exit is to start a fund or a massive pay increase.
How did you find it?
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