2 offers - boutique ER firm v. startup asset manager
A little about my background, I have a couple of years experience in finance, primarily in private equity. My longer term goal is to work at an Asset Management firm that is principally in equity investing with a value focus and exposure to other asset classes like bonds and currencies. That said, I currently have two offers on the table and am unsure of which to take.
Offer 1: Boutique ER firm
- 150k total comp.
- A somewhat well known firm in certain circles, but primarily focuses on research that it markets to day traders and macro guys - i.e. not the focus that I'm interested in
- Hours are a bit hectic (not US hours)
Offer 2: Startup asset manager
- Looking at 65 base plus bonus, all in probably 90-100
- Exposure to the asset classes I'm interested in (position is all individual equities and bond research, both investing in value and exposure to growth equities)
- Mentor friendly environment
- Guy who is running it also runs another fund that is a 4.5 star morningstar rated fund
- ~500M currently committed between owner and other partners
So I'm leaning towards offer 2, but would anyone recommend taking offer 1? 1 is a somewhat older firm, is well regarded in the circles it's in and I wouldn't have to worry about poor performance affecting it.
And if anyone would take 2, at what point would additional $ cause you to say #1?
I think most people in this situation would prefer the higher salary but it appears that you are in a situation where that extra $50k isn't a huge deal.
Option 2 you will have direct exposure to asset classes you're interested in but will also have many more unrelated responsibilities.
ud prob be happier on the AM front, but higher pay is higher pay..
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