Strong MM IB vs LMM PE
Currently considering two different offers in London: Strong MM IB Mid-level analyst (HL RJ etc) vs Investment Associate in LMM PE (Less than £200m AUM) in a very narrow sector vertical (Less than £200m AUM).
My background is B4 Audit > B4 M&A. PE is my long term career goal, but concerned this opportunity may be limiting my future progression due to fund size and sector focus. Comp is also vastly different, with the IB being significantly higher (and will continue to get better, whereas the PE role will be less rapid in pay increases), but obviously hours being much longer.
Thoughts on the ability to go back to PE should the IB work not be the right fit? Been getting conflicting advice as to whether it would be crazy to turn down a PE offer at this stage.
I have much less experience than you, but I believe the consensus would be to go for the choice with more optionality in cases where you are unsure. (MM IB)
Do you like the sector the LMM PE focuses on, if you do - take it you say you want to do PE? If not, go MM IB. Again would depend on the team you join and how they exit if at all into PE.
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