Take offer or keep recruiting?
Hi,
I currently have an offer for an acquisitions analyst role for a smaller REPE firm in the east coast. Because the team is quite small, I'd be able to take on a fair amount of responsibility and have daily interactions with the firm's leadership. I still have two weeks to decide, and am currently interviewing for some analyst programs from some notable firms in the PERE 50. The companies I'm interviewing with look like they're going to take their time recruiting, and I'll likely not have any firm offer until after my deadline.
Based on my interactions with the company I have an offer for, it looks like I'll get some great hands-on experience, but I''d also value the larger firm structure and potential exit opportunities that a more prestigious firm might have. I know the general consensus is that experience > brand name, but the analyst programs I'm looking at would have both. However, I'm unsure if it's the right move to be greedy for a more name brand role in the middle of a pandemic.
A bird in the hand is worth two in the bush.
take an offer and continue recruiting.
If you end up getting a better firm, just renege. It's not that deep especially if reneging on a small shop.
People make a big thing out of it here but in reality if you keep it low key nobody will care.
This is the most pragmatic advise. If they were able to pay you what you're worth you wouldnt be leaving(assuming you get another offer). Smaller shops should be paying more to compensate the fact that they are smaller shops. I
there is old adage in real estate.... the first offer is often the best
Really, I would not even think of turning this down unless you have another one you are accepting. It sounds like a good opportunity from what you are describing.
What does the comp package look like? The first offer I received post-grad was for a similar position in a HCOL area. The base salary was something like $45k w/ 7 days PTO and limited 401k match. It seemed to be a very hands on opportunity, but it was hands-on because they were poorly staffed and underpaid. I declined and ended up finding a much better opportunity within a month or two.
sounds like a great offer.... in 1995
I think my intern comp was higher
I'd probably lean towards taking the offer in hand, assuming the comp package is at least reasonable and the firm itself has potential to grow. You mentioned that the other firms you are interviewing with would be taking their time, maybe its worth asking them how many rounds of the interview process are left and when they'd bring on that analyst too.
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