Recruiting after 3 months at new firm?

Started as an analyst at a private investment firm at the beginning of the year. The offer that I accepted didn't raise my base salary (75K HCOL), however, because people at my old firm were expecting me to leave, I decided that I had to accept an offer and leave my past firm at the beginning of the year. Went through interviews with mega-funds/dev shops, but no offer was extended in the end. (I did try and negotiate for higher pay with my new firm, however, as a smaller family office shop they weren't able to raise my offer - a bigger bonus and opportunity to move up was "promised")

Currently, many headhunters are reaching out to me with other acquisition/AM analyst roles in bigger institutional PE shops with salary expectations that are nearly 50% higher than what I am being paid right now. I am aware that pay shouldn't be the only deciding factor, but I can't help but feel regret accepting the offer as my pay essentially did not go up after working in the industry for about 2 years.

I do not want to ruin relationships with the people at my new firm as they do great work, however, I am currently thinking about going through the recruitment process with these headhunters. Has anyone ever seen somebody recruit out after spending such a short time at a firm and how would I even explain this short stint with hiring managers? Is this the right thing to do or should I try to spend a few more months at this new firm? Any advice would be greatly appreciated.

 

I’ve known people who left after only staying 1 month on the desk. Bridges will be burned but do what’s in your best interest, fuck what other people think.

Could be seen as would you rather have a million dollars now or a couple years later? It’s still one milli and I would rather have it sooner.

 

I'd rather leave 1 month into the job then 8 months in, ya know? 

1 month you just leave it out of the resume, 8 months you cant

Providing institutional grade CRE pitch decks and excel models at PCNKO.com
 

In my opinion, if you leave a job after less than 4 months it's better to just leave it off you resume at that point and have a (less than) 4 month gap in experience on your resume. If you stay at the new job long enough then no one in the future will care that you have a short gap. You will burn a bridge with your current firm so that's one thing to consider.  

 
Most Helpful
levverrrrrr

s with salary expectations that are nearly 50% higher than what I am being paid right now

Frankly, with that much of a pay delta at stake... I think you should think about money lol. Like most above said, you will burn the bridge, and you don't wan to make this a habit (I would also recommend just dropping this firm from resume if you jump). Since you are being pursued/headhunted, I don't really see much issue here as the hiring firm knows what's up and making it happen if they go with you (as opposed to you being "on the market" and applying and thus having to explain yourself). 

The reality is that leaving usually burns bridges, and yeah they will be pissed at you, but it's your job, career, life. 

So, bottom line, I'd take the calls and entertain the process. You don't need to be eager or aggressive, let it come to you, all these may end up nowhere. Also, I'd totally tell them "I am happy where I am, but I don't want to miss a major opportunity that I may be better suited for, but it would need to be very worthwhile for me to consider". Might as well play from strong suit if you're going to play at all! 

 

Sry to hijack the thread - but any thoughts on how to explain during interviews why you're recruiting 2-3 months into a new job? More concerned with how this would affect my application than burning bridges. 

 

Why are you applying/wanting to leave? I’d think you should be as honest as possible. Clearly, need to spin/position to put you in positive light, but trying to “game” this probably won’t help you.

Other advice, I’d probably bring up early in interviews (maybe even hint the explanation in cover letter…. If you are mature/savvy, you will know how to do this). Better you hit it fast, than wait for this to be thrown at you.

It is a tight labor market, so if ever a time this may work, it’s now.

 

Ad ut molestiae quae. Eaque aliquam ex consequatur facere deleniti deserunt quia ut.

Unde est officiis aut voluptates. Distinctio qui accusantium nisi tempora quod minima quisquam sed. Cum quis alias molestias ratione voluptatem consequuntur. Maxime ea rerum eius cumque voluptatem perspiciatis.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
bolo up's picture
bolo up
98.8
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...”