PE Firm Requiring Me to Relocate Despite Having a Team Presence in My Current City
Recently received an offer from a strong PE firm. The strategy I’d be joining isn’t the flagship fund, with the majority of professionals split between two cities – including the city where I’m currently based for my analyst role.
Throughout the interview process, the firm indicated that I’d likely have flexibility to be based in either city, and my clear preference was to remain where I currently live (and I also communicated I was open with a preference toward my current city, for the sake of the process). However, when I received the offer, I was told I’d be required to relocate and would not have the option to join the office located in my city.
I’m trying to figure out how to approach the negotiation. The opportunity is strong enough that I’d still likely accept even if relocation is required, but obviously I’d prefer not to move and don’t want to mishandle the discussion.
Has anyone dealt with a similar situation? How much pushback is reasonable here without risking the offer / making things awkward after starting if I’m not successful?
They hire for the city they want people. Maybe go to new city then crush and try to transfer
Just treat this as an opportunity to try new things if you are okay with moving to that city. Hiring is done on a office basis most of the time; and PE associate recruitinig is competitive enough to where you don't hold much leverage.
Like the other commenter said, PE recruiting is usually pretty competitive and you don’t hold much leverage.
The question you need to ask yourself is if you are truly ok relocating for 2+ years. If you move and then immediately are trying to move back to your current city it doesn’t lead to a great lifestyle (i’ve done this, wasn’t fun).
If you find that you are open to moving, make sure they’re giving you $5-10k to relocate.
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