Weighing exit from LMM PC/PE
Hi, wanted to get an understanding if this is a good opportunity worth leaving for. I’m currently at a LMM PC/PE shop in a T3 city. Wear a lot of hats but my team is very hands on with our portfolio. Comp is well below market cash and all-in (less of the comp is cash than advertised before joining), with year 1 cash having landed in the 170-190k range, despite getting worked at different points of the year. Have some carry and deferred bonus subject to exploitative vesting, and have been here a bit over a year. I feel I’m ready to move on as this place treats people poorly and I’m not motivated by the work and do not believe in LMM PC generally.
While I have not been applying for roles, I was reached out to for a role at a national/regional developer/home builder doing land acquisitions and strategic projects in the same city I currently live in. Comp is likely to land in the 150-160k + 50% bonus range, with good lifestyle based on speaking with the team. If I perform, it is being very heavily pushed as leadership track/leadership adjacent, and all of the similar recent hires have some form of MBB/IB previous background (albeit less YOE than me)
Is this a market/decent exit? I have 5-7 YOE, but only 3-4 of that is in “high finance” first at a firm in a relevant to the new role asset class and now in a traditional corporate LMM PE/PC crossover shop.
Based on the most helpful WSO content, here’s how you might evaluate this opportunity:
Compensation Comparison:
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This opportunity seems like a solid exit, especially given your dissatisfaction with your current role. The improved lifestyle, leadership potential, and competitive comp (when factoring in bonus) make it worth serious consideration. If the new role aligns with your interests and long-term goals, it could be a smart move.
Sources: Quitting time - views on how to leave your job, Employment Dilemma, MBB -> PE Operating Group, Why the focus on exit opps?, Likely Getting Pushed Out at End of 2 Years (LMM Buyout)
Can you PM me? Very interested to chat about this. Have a similar question to you.
What’s your question? Can try to answer
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