So I may have a potential decision to make between a job offer for a junior equity research position (generalist role, working for a "best ideas" team of analysts) at a top money manager in Boston, and an analyst position in the fund of funds group of a top international, European-headquartered PE firm in NYC.
Up until recently I had been interesting in pursuing a career in ER. I'm currently studying for level II of the CFA. I don't know a whole lot about PE, yet. I'm currently 2.5 years out of undergrad.
My question boils down to exit opps for either. I figure I'm not going to get too many opportunities to join a PE firm (non-target school, non-target entry level job) in the future and given my potential interest in PE/VC as a career, I figure this would be a great opportunity to get some experience in so that I would have the chance to choosing said career path. But if I decide it's not for me, is PE -> ER doable? Keep in mind that the CFA will become a struggle to complete given the hours I'd be working and the fact that CFA just becomes less relevant when you're in PE.
Also, is PE FoF -> PE/VC easy to do?
On the other side of things, thethe buyside firm would encourage CFA completion and probably allow for buy side ER opportunities down the line.
I think either would help in terms of grad school as they are both highly reputable firms, though insight on that would be appreciated as well.
Another issue is I'm currently living in NYC and would much prefer to stay here rather than move to Boston (though the Boston opp is a highly reputable one so I would move if I didn't have this potential NYC PE offer). This might be skewing my feelings.
The PE position would pay out more after bonus, but comp for the Boston ER position is good enough that salary wouldn't play into my decision all that much.
Basically, what has more to offer, buyside ER or PE FoF? Of course it's subjective and of course it ultimately depends on my career preferences, but I just want to see what the opinions are on which would provide more opportunity/flexibility in the long run.
Thanks a lot in advance.