Should I lateral from my MM to an UMM?
I'm ~6 months into my first year Associate stint at a MM fund on the west coast. When I was recruiting I chose this fund over some more 'prestigious' options because I thought it would have a better culture, better WLB, and a real shot at staying on for VP. 6 months in and the WLB is worse than many of my friends at UMM/MF shops, and I don't think the pace of PE is something I can keep up with long term so I don't care about the path to VP. I'm planning to grind out the next 18 months to finish up my 2 years and then move to something like Corp Dev, and my question is: Should I look to lateral to a more 'brand name' fund for the next 18 months? If I'm not staying in PE long-term and the hours are going to suck either way, I might as well get a better name on my resume right? I've seen some HH emails come through for immediate hire Associate roles at good funds, but unsure if it's worth the hassle of switching funds or how that would look on my resume. Any thoughts would be helpful!
Could be wrong but if I put myself in the shoes of a CorpDev guy, I don't think I'd care if my future hire comes from KKR vs. Brentwood so long as they can do the job. Even the more disciplined CorpDev guys I talk to don't give a shit about the performative building of excessive models like everyone in PE cares about.
This is helpful - I didn't realize PE brand doesn't matter so much for Corp Dev roles. The thought of no more performative models is pretty attractive right about now...
If you already don't like the job, switching firms isn't going to help in my view. It'll strictly introduce new hurdles and setbacks (internal processes to re-learn, people to meet, new expectations, etc.). Not worth it.
Agree
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