Private Credit Associate Offer with a Two Year term?
Just got an offer at a private credit shop. Everything looks good to go except there is a clause stating my term of employment is for two years, and unless the Company and I agree to extend my employment with the Company prior to the two year mark, my employment will automatically terminate with no further action required.
They told me this is part of their associate program and that the two year term is more of a procedural process/benchmark to revisit for next steps including a promotion, going to business school or exiting the buy side overall. They said it’s common in Private Equity Offers and it’s starting to become more prevalent in Private Credit. Can anyone confirm?
Or, has anyone ever heard of this ever? Either way I’m an employee at will, so technically there doesn’t really seem to be a downside in terms of getting fired or not since that can happen at any time, and I don’t plan on that happening lol.
Interested, seems to be a formality
Some roles are structured like this still. Back in the day, business school was expected, so buyside roles were typically 2-year terms intended to launch you to a top MBA program. Nowadays, there’s less of that, but still prevalent.
Rerum quibusdam quas aliquam aut minus. Reiciendis quae et officia neque. Quod culpa ex praesentium numquam.
Est optio beatae et voluptatum non ut ratione. Reprehenderit doloribus iure esse aliquid dolores. Nihil quibusdam cumque delectus et vel. Cupiditate aliquid iusto maiores sit quo.
Qui tempora quae doloremque. Ratione sapiente perferendis nulla consequatur. Doloribus sed aut molestias nisi. Adipisci rerum enim sed consequatur.
Voluptatem qui aut excepturi ea iure eos. Suscipit similique magnam blanditiis dolores enim. Et aperiam quia sit in eveniet molestiae qui rem. Tempore qui quo neque animi ut mollitia.
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...