Switching jobs after a month as first-year analyst?
I just began my first year in the credit arm of an MF alternative asset manager (e.g. KKR, Apollo, BX, Ares, etc.).
I recently found out that I will not be placed into the group within credit that I expected to be in. I know for a fact that I was mislead (at best, lied to at worst) about my group prospects when signing the offer. They said whatever it took to get me to sign, and I confirmed that at least one person lied to my face.
I am inclined to re-recruit immediately. I have lost respect for and trust in these people. That said, I am still grateful to have the job. It pays better than pretty much anything else except other MFs.
Any advice? I know there's a stigma against job hopping so early. But I have a reason. And I'm thinking of reaching out to a headhunter. Thanks.
Stick it out for minimum of 6 months
Is this rule generally true for any finance roles?
Confused. Are you in like back office but were told it is front office?
No. More like I thought I'd be doing structured credit and I'm doing private credit, or I thought I'd be working on high yield stuff and I'm doing real estate debt.
ah okay. is there like a resource or something that explains different types of credit groups? kinda like what separates a GSO vs Ares Credit vs Oaktree vs Golub. also whats the difference between structured and private credit?
i was in a m&a group and now in classic vanilla mm pe so never got exposure to debt side of things.
Leaving one of those shops that quickly is going to raise red flags. I’d stick it out for ~1 year if possible. I think a good route would be to network with people you know/have in the past (who do what you’re hoping to do) and stay in touch over that year. Keep it informal and make them aware of your situation. This goes for both networking and interviewing: don’t use words like misled etc. I know you’re just talking about it on WSO, but if it slips in conversation/interviews it could turn people off.
Curious what your comp/bonus is if you wouldn’t mind sharing.
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