Job Advice (REPE)
Hi all - not just a "I can't find a job post". I need a second pair of eyes on my background and some career trajectory advice.
To preface I'm a EOY grad with 3 years intern experience 50/50 Acq./AM, including my most recent 100% Acq. role that I landed half a year ago (more on this soon).
Super non-target undergrad school, boutique GP with a tight LMM mandate (same vintage, same class, same asset type, think 5-20 M total cap on deals) but well known locally since we're active. I run everything from sourcing to DD/PSA solo comfortably with high modeling horsepower (my initial screen -> broker feedback turnaround is ~30 mins - 4 hrs).
Yes, I do realize this is a very high level of autonomy for how junior I am. From my interviews I've heard, touring deals, giving feedback/guidance, and participating on DD is an Associate or higher responsibility.
However, as I quarterback 2 deals to close this EOY I've been concurrently interviewing with larger GPs and entertaining conversations with private credit/special sits and d/e deal teams at the top brokerages to, so far, no avail. I don't feel like I'm looking for greener pastures... I get paid $20/hr, am boxed into the role, and have a 1-year NCA signed, don't even have a full-time offer in paper, and serve effectively as a solo team with 0 mentorship or structure, so I don't feel great about where I am.
Around 15 processes -> 2 YTD 2nd/final round -> 0 offers but soft-commit from current CEO. Some warmth with networking contacts but I've been too busy to keep up with relationship management for the last 2 months or so. WLB is nice but not a need. I've done full time work week + school + CFA tests (1 passed) since summer after my freshman year, so I would either want a break, or a role where they value someone who can grind.
I know I'm basically Doxxing myself since I'm in a unique position, but I wanted to hear candidly what those with more or equal experience would do given my dilemma. Help me set realistic expectations and clarify my next 3-5 years.
My goals are Day 1 comp, lateral-ability within 1-3 years, and long-horizon ownership (meaningful carry, future self-GP-track momentum - I want to branch off to build my own vertical PE one day or run deals at a shop that gives me significant ownership).
- Does my pedigree limit me? I landed (and bombed) a top-3 AUM manager superday (kind of obvious who it was) but can't get on the other players' radars (insta-denial on cold app, networking - 0% response rate). Almost all of my interviews right now are sourced via internal and external recruiters.
- Should I or can I stay? I spend money like I'm 25 and have a future wife and dog to take care of with my Y1 salary. On the other hand GPs are 80-90k base but I sacrifice WLB/autonomy. My concerns are that I interned under a Director - guy who did 3-5 years at a firm like mine but he ended up with 0 lateral momentum.
- Where should I focus my time if I'm set on leaving? I'm thinking GP is the way to go but happy to entertain anything that's realistic and boosts job prestige/purpose from TradFi PE to retail brokerage lol.
- How do I really convert networking processes -> interviews? I don't have an alumni network so I cold outreach everyone, meaning I go through 2-3 rounds of phone calls just to hear that they're not hiring for the foreseeable future. So literally 0 processes today that my hundreds of hours of networking can be directly attributed to.
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