Leaving after 10 Months as an Associate
I'm at a Debt Fund at a big shop, IDK if you would call it a megafund or not but we have a few multi-billion dollar funds. Comps is good, $250k as a first year associate
Nothing is necessarily wrong with the job, dealflow is good, WLB is solid etc. But the job market is so hot that I feel like I could land something at an even sexier, bigger-name firm on the equity side. Recruiters keep reaching out and I'm seeing great roles only get a handful of applications in my market. I imagine some of these could pay $300k-$350k too.
Am I total piece of shit for thinking about this? This is only my 2nd job after a few years of REIB. I just feel like I should be as ruthless during good times as companies are during bad times.
Here is the thing, I absolutely agree with that last statement. BUT here is the caveat, what if you get laid off at your next job, then the possibility when you interview is seen as you being pushed out from your current job, and then got laid off from your new one.
It is time to start looking at the downsides of moving.
Does it really look like you got pushed out when you leave (let’s just make up some names) ACORE for Northwood Investors or some other elite equity fund? I don’t think so at all
It is IF you get laid off within 2-years at the new company, so you have 2 stints with under or around 1 year. If you do it again, then three strikes and you're out.
With what market is doing i'd stable right now. Meaning if you have great job security stay in current role and only leave if you feel the new role provides the same.
Yeah this is where I'm at, recession is coming, better to have a stable job and opportunities on the backend than be scrambling for employment in a LIFO situation.
You said WLB is good but just out of curiosity, how many hours on average are you and where you located?
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