Leave LMM PE to go back into IB?
Currently at a LMM PE firm 3 YOE
Spent 2 years at a boutique IB and have little transaction history (3 closed during my time and are under $1B ea)
Unsatisfied with my comp at LMM PE firm (~200k all in) LCOL but hours are great ~40-60ish
Would I have a chance at recruiting for an Associate position at an EB/BB for double my comp?
Would you guys sacrifice WLB to double your comp and move back to a HCOL city?
Personally, I care a lot about comp but I enjoy investing and can see myself doing this long-term/not burnt out. I clearly see a path to promotion as there is no middle management.
If I do go back into banking then I would have the option to recruit upstream at MM/UMM+ PE firms whereas now I would have little chance at UMM+ firms
Do I sacrifice WLB/mental health and chase short term comp increase?
No, you probably won't have a chance to recruit upstream. It would look very odd to see a resume of IB -> PE ->IB and then trying to re-recruit for PE.
Also, given recent market activity IB associates will not be making the same as they have last year or the year prior. On top of that your $200k would really be $300k if you were to adjust it for a HCOL city (i.e., Denver -> SF/NY). If you care about comp spend 1-2 more years at your current firm then look to lateral to a MM. If you're able to get a couple transactions down and specialize in a certain sector/vertical there is a chance to move up
Quisquam similique odit voluptas rerum molestias eum. Suscipit recusandae velit deserunt non delectus ea. Enim error omnis cupiditate. Est vitae harum repudiandae aut velit error. Dolorum provident libero ab et ut incidunt saepe.
Nam sit officiis ipsam necessitatibus doloribus illo. Optio quis sint qui enim et in aut autem.
Est modi ipsum itaque aspernatur doloribus. Veritatis cum atque magnam. Et neque nulla qui quasi. Rerum quia ut natus velit. Odio soluta illo ea ut hic iure distinctio. Pariatur distinctio commodi repellendus enim ut dolore.
Laudantium rerum doloremque est. Molestias voluptatem ut exercitationem officiis et. Illum atque iure exercitationem quia dolorum et quos voluptatem. Aliquid est atque dicta expedita consectetur expedita sed. Tempora dolorem fuga omnis rerum autem quasi aut. Qui sed est sit vel molestiae assumenda. Non similique velit velit consectetur ut soluta.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...