Feeling like crap for resigning soon -> any advice?
Hi guys - everything is in the title. I have been working for 2 years at a well-known developer (top 5 worldwide) and the experience has been great so far as we raised a JV, signed some deals, and established important relationships in a particular market. The team really likes me and assigned me to several projects recently.
However, I am not seeing myself ending up in development for years and I recently got the opportunity to join a top 10 PERE company (think Brookfield/Carlyle/PGIM) in their secondaries team. I would be involved in a more financial role and the fit with their team has been great so far.
I am feeling like crap to announce my departure as the team is small and was counting on me to handle some projects until their end. Any thoughts on this?
You need to do what’s good for you. If that’s moving to a new firm, you do it. Don’t feel bad. People resign all the time to move forward in their career. Getting more responsibility means you’re doing a great job. Give yourself a pat on the back and go do what works for you. Why stay at a place you done see yourself long term?
Hi, thank you for replying! I understand. The only thing that I find difficult is to be trusted and then have the feeling to let the team go down. I hope they won't make me have a hard time.
Trust me dude, the team will not hesitate for a second when it comes to letting you go. And you are feeling guilty? This double standard should not exist. Just look out for yourself, nobody else will.
Hey, thank you for replying! You are right, after all, that's an international corporation. They have plenty of talented analysts that can be quickly recruited. I will see if they make a counteroffer or not. I forgot to mention that the other company is also doubling my salary!
Do not take the counter! I don’t care if they triple your pay! It tells them you are not loyal even though your firm is only half ass loyal to you due to your shit pay and above average performance. Don’t feel guilty! Do what is best for you and leave on good terms! Maintain the relationship so you can go back 2-5 years out if you want!
Hi - thank you. Will do!
So, people quit all the time. It sounds like you are moving to better job/fit for your long-term, that is what you are supposed to do. They won't hate you, and if they do, fuck em! But more likely, they will be happy for you.
Hi Redever - thank you! appreciate you are taking the time to answer as I have read great advice from you on this forum. Hopefully, you are right.
What does this even refer to?
Who are the “top 5 worldwide developers?”
Hi - apologies for the vague description, I wanted to stay anonymous. My current company is well-known to be a leading developer in a particular segment. To give you an example, it is like Hines or Tishman Speyer.
Official list of top 5 worldwide developers is as follows, but I ran out of ideas and need help w #5:
1. World Class Capital
2. The Trump Organization
3. Bill Hutchinson (sources: "Dunhill Partners is currently regarded as one of the best firms in the US real estate industry" https://salten.cz/2021/07/08/who-is-bill-hutchinson-all-about-the-marry… , "net worth estimated to be in the billions" https://www.monstersandcritics.com/celebrity/bill-hutchinson-net-worth-… , "Dunhill Partners is considered one of the most successful commercial real estate firms in the United States" https://exactnetworth.com/bill-hutchinson-net-worth/ , "Bill is widely recognized for making Dunhill Partners one of the most successful and highly regarded commercial real estate firms in the U.S." https://bill-hutchinson.com/about-bill/ )
4. Rafi Toledano (source: "“I consider myself the ultimate of developers..." https://therealdeal.com/issues_articles/toledanos-fast-and-rocky-ride/ )
5. any suggestions??
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