Going from MF to smaller shop

Hey all - short end of it is, I've been an associate for ~1 year at a large MFREPE shop (e.g. BX, Carlyle, Brookfield).

The pay is good but I can't see myself climbing the ladder for the rest of my life + the internal bureaucracy / lack of independence really gets at me. I'm looking to pivot to a smaller shop where I can do more of the deal sourcing, handle more docs negotiation, and do more middle-market / lower middle-market deals (I actually started my career at a smaller shop like this).

However, I'd look for (i) a fund with a strong track record, focused on a niche / style that I have conviction in and (ii) a fund with good culture / people I like to work with.

Anyone who has made the jump able to provide some perspective or even warnings? Real estate has obviously had a tough couple years, and not sure where we go from here, so curious if people think there's still upside on going to a small platform.

1 Comments
 

Possimus facilis quia enim numquam sunt. Atque quia autem eius quidem enim. Dolorum ab officiis voluptatem qui. Minima ullam voluptatem vero laudantium voluptate odio. Quod sed vitae consequatur temporibus corporis laudantium est. Quisquam dolor nostrum iure aut aspernatur maxime.

Consequuntur et possimus qui sunt distinctio. Quia in et magni nisi. Quam eos laboriosam exercitationem voluptatem quod placeat. Maiores quo qui ex consequatur qui ut.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
GameTheory's picture
GameTheory
98.9
6
DrApeman's picture
DrApeman
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”