Hello all,
I am a recent graduate (June 2021) and I have been working as a full time as a trading operations analyst in a small wealth management firm (think 2 billion AUM). It has been about two months, and there seems like there is no room to grow, at least from my perspective. I thought it would be the opposite since it was a small company that was growing quickly. I received a late offer for a FLP in a F500 company. The rotational program is set to start on February 2022 (in about 5 months give or take). I am kind of stuck in choosing career paths. Should I stay in the wealth management route and get pigeon holed into operation roles, or should I go into corporate finance and get the change to be in a FLP ?
In terms of salary, the wealth management firm is paying me 60k, while the FLP would be paying me 70K base salary with relocation aid help every 6 months. If I take the FLP I will have the chance to rotate every 6 months to a new location and position which is interesting. I want to take the position that leads to better growth opportunities in the future and a better salary. Also, how bad would it look it if I quit the wealth management firm after 8 months of only working there. Is it worth it burning the bridge?
It's all about where you want to be long-term. WM and Corp Fin are 2 pretty different paths.
Also, 8 months and dipping is not the worst. Would it be burning bridges, maybe for this firm, but plenty of other WM firms to go back to if needed.
In my opinion, I would take the FLP as you will get exposure to different departments and find your niche you never knew you'd like, AND you go to different areas which is pretty cool.
The FLP will give you more optionality and structure. If you like the idea of working for a large firm, do it. You may also get a rotation in treasury which could give you an insight to corporate level trading.
If you like small firms and the potential to have more impact, stay where you are.
If you are still bored with the WM role after 5 months, then go ahead and move over to the FLP. The work doesn't really change unless you know you want to stay long-term and eventually build your own book of business. You are still so early in your career, that you can always go back to Wealth Management if you want.
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