Updata partners - thoughts?
Hello everyone I got an inbound from a HH for an associate role. Found out comp is extremely low (made more my first year in banking) but there are good progression opportunities (potentially from high turnover). Seems like a fairly strong GE shop, with some strong backgrounds on the junior team. Great firm backstory though looks like main founders aren’t involved as much.
But, if a firm is insanely cheap / really cost conscious across the board I’m worried that can severely affect QoL / learning opportunities. However, I really want to exit banking before my 2 years (mid summer). I do want a GE role and the market off-cycle is really competitive even for a background like mine.
Thoughts on the team there, their investing style / model, and quality of the opp and company generally? How would other firms perceive someone lateraling after a few years or getting an MBA look like? I don’t mind the sourcing component.
Bump
Overrated
How so? Got an inbound too
Not much to say. The anecdote that founders aren't super involved is true, but they still take a big chunk out of the carry pool as you'd expect. They've had some decent exits but nothing "out of the park" special. Very run of the mill firm & performance, pay is at to slightly below market depending on position. I'd say they're firmly middle of the pack, but they've done a good job with branding and are respected. It's not a bad place to be by any means if you want GE.
What do you know about vp+ comp? Fund performance is objectively good I think. Junior comp is well below market, like the poster said, but vp+ get carry and that may move the needle - tho not sure what comp is at that level. Anyway, passing on the opportunity - like you said don’t want to be in GE at all costs
Mid at best
Nothing compared to Updog Capital
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