Hi all, need some advice!
Recently got offered an analyst position at a LMM PE fund. I am thankful for the opportunity, but it’s not ideal: I’ll have to relocate to a city I don’t really like and have no friends, I’ll have to be in the office 5 days a week, there’s no training program in place and I got offered a terrible salary.
Now I’ve also been interviewing for a PF role at a corporate bank and I just got invited for a final round. Here I’ll work in a city I like more, will be offered good training and a solid salary, and can work hybrid.
Assuming I get through the final round, would anyone recommend taking the PF role instead? My long term goal is to move to public equities, so there’s some pros and cons I can see for either position. Most relevant, I think I’ll be able to develop better in the PF role and obv will get paid much better, but I worry about the difficulty in moving back to the equities side.
Any thoughts/advice?
Limited details, but don't love the PE job. Like the PF job - gives you at least the shot to move to IB.
Pays bad? Bad city w no support system around? No training (or at least some indication of apprenticeship)? Doesn't feel like you're set up for success, which matters a ton in making it work in something as grueling as PE. These dodgy LMM PE funds are not a good setup and I'm sure you could get another comparable offer in a year or so if you're really invested in working in PE. You also won't get the kind of experience that's translatable to publics (maybe microcap).
That advice might change if you told me with conviction that this place would permit you to move to an MM you really like in a year or so. But doesn't sound like it would.
Thanks, appreciate the input. Will have to seriously consider whether this is it for me.
PF is great if you have a real interest in infra/ energy
Project Finance to public equities is a hard sell, unless you want to be pigeonholed to energy / resources / infra equities coverage then I can see the story making sense. Starting at a top PF bank it is a good launching pad into infra / energy IB / PE.
Where are you working now and is there anything else in the pipeline? Boutique IB or even working at a valuation firm would be better if the PE offer is truly terrible / seems dodgy
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