Would You Take A $50K Annual Paycut To Guarantee A Promotion To VP at a UMM PE Shop?
If you guys could take a $50k paycut per year (Yr 1: 300K, Yr 2: 330K, Yr 3: 360K) to work at a grindy PE shop (70-80 hours a week of constant work, ton of responsibility) but know you'd have a guaranteed promo to VP, would you take it? Assume the chance of promotion otherwise is 50%. Side by side and leverage program included.
Yes assuming VP pay is in-line and fund is performing well
Not enough info on current job to answer
Depends a lot on how easy it would be to find a similar opportunity in 1-2 years if I don't take it now. Jumping up from LMM/MM, sure, stepping down from MF, probably not if I'm otherwise fine where I am.
Why has this pretty obvious question been reposted?
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