Title says all - Joined a buyout shop as a Sr. Associate last summer and job hasn't panned out the way I was hoping. Was approached about a corporate job that interested me and am moving towards the offer stage.
To anyone who has left a firm ~1 year after joining, any suggestions or advice? Believe my firm will be blindsided by this, so I'm anticipating some contentious reactions.
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Interested
Definitely not unusual in this market. Get your offer in hand, clear any background checks needed, and then let your team know.
As someone who just put in their two weeks, I would advise you to just be honest/transparent (without being insulting) as to your rationale once you deliver the news. Depending on the culture/personalities, reactions can range from fully supportive to combative. People ultimately understand that you have to do right by yourself though.
Could you elaborate a bit on why it has worked out? Was it a case that the organization over promised and under delivered? Or you didn’t get to do the things you thought you would?
A lot to that question, but to summarize -- i) Certainly elements of fund over-promising and under-delivering, ii) Have lost interest in the style of the fund (isn't traditional buyout, do a lot more special sits and hairy deals) and also spending a lot of my time in areas I'm not interested, iii) was approached about a really unique opportunity that doesn't come around often; will be a much better learning experience
Thanks. Good luck with the move.
I think those are all great reason for leaving.
No advice to give on this one. Reasonable people who actually give 2 shits about you will understand, even if it does sting a little. Unreasonable asshats that don't give a flying fuck about you will be mad for the inconvenience. You're not leaving for another fund that does exactly the same thing and from the sound of it, is a pretty unique opportunity. Best of luck to you.
As someone who was recently in a similar position, just be brief and cordial. Even if you’re frustrated and leaving on bad terms there’s nothing to gain from airing dirty laundry on the way out.
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