Need advice: Accept MM PE offer or recruit next year
My boyfriend just got a middle market PE offer and is debating whether or not to accept. What he really wanted were the Tier 1 upper middle market but never got interviews there because of the headhunter process. He's turned down a couple lower middle market offers but recently got a pretty good one (I think). They don't pay too well apparently so it's giving him a bit of toil. He's considering passing and waiting to recruit again next year.
I guess one of his questions are his chances of getting back into a upper mm after b. school? Any thoughts or suggestions?
Thanks a lot!
What's his background?
BB investment bank outside of GS/JPM/MS
As a young person, he should be focusing on the experience he will be getting rather than compensation. I would rather take a $130k opportunity that provides a better platform, story, experience than a $200k job. Be good at what he does and the compensation will take care of itself in the long-run.
How big is the fund / what is the compensation?
Think the latest fund is roughly $2bn and the comp is under 200k all in
Comp doesnt sound all that bad. How much under 200k we talking?
My guess is this is a Riverside or HIG level firm. Both are pretty solid options IMO, and I've definitely seen people jump to larger shops afterwards.
That said, from my personal experience, I do think this is probably still relatively early in the process, and if he's looking for an upper MM/megafund position, things will inevitably come up if he has good headhunter contacts.
I'd tell him to go for it. Worst case scenario is he goes to b-school and gets recruited to a larger fund after. Latest fund being $2b is still respectable -- it's not like we're talking comparing a $600mm fund to a $3b fund
Dolores ea pariatur excepturi. Mollitia debitis reprehenderit modi ea minus. Earum non perspiciatis aut quia illum itaque. Facilis nulla quo ullam repellendus. Ex ut non velit alias nulla.
Blanditiis dolores atque qui nemo voluptas repellendus laborum. Rerum voluptatum voluptas et molestiae ipsam. Minima repellat necessitatibus nihil laudantium et. Ut magnam accusamus provident nihil ab nisi aut optio. Ducimus rerum enim facilis. Animi molestiae consequatur illum magni est vel alias.
Aut sit eaque quos at. Expedita error repellat optio est est aut. Aut praesentium ratione occaecati et ipsa.
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...