Help on Offer: Tier 1 City, Assoc 1, $295k with 55-70 hours or $340k with 70-90 hours?
End goal is probably corp dev, not cut for rising up in PE or trying HF. What would you guys do? Don't care about name brand / prestiege, only comp.
End goal is probably corp dev, not cut for rising up in PE or trying HF. What would you guys do? Don't care about name brand / prestiege, only comp.
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I’d take the former. Those extra 20 hours when you’re already that stretched thin is not worth the extra $40k. You’ll make a lot more in the long run if you can find a sustainable seat, rather than a short stint at a slightly higher paying seat
Thanks man. Great point.
Hot take - is there actually anything structurally different between the funds that leads to differential hours or is this all anecdotal?
I wouldn’t be shocked if real hours are comparable as ultimately, the associate job doesn’t vary that much unless there’s some key difference in fund strategy (e.g., less buy-and-build) or responsibilities (e.g., dedicated internal reporting resources to offload from associate).
Rather than hours, if you’re fairly comp agnostic, I’d focus on (i) culture/fit, (ii) brand (since you plan to parlay to something else), (iii) where you’ll learn the most / have the best experience.
Are you R*tarded?
Analyst 2 in IB, you are allowed to use swear words on the internet don't worry! Jealous little boy. Its ok.
It was a joke with no jealously involved (happy that you have two great offers). Similar to the most helpful comment above, I'm just trying to highlight that you'd be silly to pick 80hrs a week over 62.5 (taking the midpoint of both) for $45k pre-tax.
I'm sure you've experienced both of those hours but 80hr weeks are 15-16hr days while the former is 12hr days. I'd "fork up" $45k pre-tax this second if it changed my typical work day from 9am - 1am to 9am - 9pm.
Best of luck on whichever role you choose!
How do you already know the hours at those places without working there? feel like it depends on if on live deal or not or is it a structural difference (one firm being super sweaty like Veritas or HIG)
do the hourly math.
option b pays u less per hour than option a.
you are selling 20 hours of your life every week for $45k pre-tax. after tax, that is ~$25k.
is your sanity worth $2k a month?
since ur goal is corp dev, you don't need the extra deal reps or the badge of honor from a sweatshop. you need the time to network for the exit.
take the $295k. use the free 20 hours to find the corp dev role.
don't be a slave for a rounding error
Take the $340 option.
You will work the same at both shops and will regret taking the lower option despite putting in the same amount of work.
Would take the 340 option, you will end up working the same or basically the same amount of hours in reality anyways so you might as well take the 340 option. Take it from costly experience.
do not take option b if for money
Nothing is guaranteed hours wise. When a deal is on you will be working a lot of hours no matter what. Go with the best quality brand and highest comp. As someone very senior in corporate, PE branding still does matter in terms of exit ops to corporate.
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