Should I negotiate an offer with a "fundless sponsor"
Hello all!
I am an investment banking analyst at a MM and recently got a verbal offer for a new role which I am happy about since I really want to get out of IB/my team. The title reads Corporate Strategy & Development but the job description reads PE/investment associate responsibilities and the team mentioned that they view this as a hybrid role. They also think of themselves as as “fundless sponsors” in that they will reach out to other parties for both equity and debt financing which is a little confusing. They also seem to be a family office but perhaps without a fund/AUM given their “fundless” status.
Anyhow, the offer is on par comp wise to other Corp dev roles but very low compared to say a small family office investment associate role. Given the hybrid nature of the role, I spoke with my network in PE (mostly junior and one senior person) and they suggested I 1) carefully ask if they can up the base especially as their is no 401k match / the offer is kind of low if there is a PE component / there is no harm in asking and 2) Ask if I can start in two months when my bonus is paid out (stub bonus though)
I feel comfortable asking for the second but am worried they would rescind my offer if I asked for more money. I’m also a little confused as to how to view the role, should I be paid for a little more than a corp dev role and a little less than a LMM family office PE role given the two comp points? Any insights would be appreciated - I do intend to sign even if I get neither request.
Beatae laboriosam nulla nostrum vel qui maxime. Sunt non dolorem eligendi voluptatem. Debitis dolor magnam sint consequatur suscipit voluptates. Quod rerum possimus praesentium ad. Reiciendis nemo illo et nihil ut omnis cum. Sed quia iste quia nulla voluptatem consequuntur. Laudantium consequatur provident aut quia et rerum.
Recusandae est modi ipsam esse recusandae dolores rem. Fugiat nemo eveniet ex possimus voluptatem. Enim reprehenderit qui inventore culpa. Repellat voluptas in eaque vero.
Qui autem sed odit placeat dolores nam. Iusto dolores ea voluptatibus rerum est.
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...