I am in a bit of a bind. I am currently an associate at a small PE firm in the southeast. After getting into the industry from a 3 year IB stint, I'm glad I made the switch and enjoy the work. That being said, I received an offer from a F50 company in their treasury / securitization department. The role primarily entails working on the company's outstanding debt & securing new debt and executing their derivatives.
The concern I have is that I worked pretty hard to get to PE, but it appears that I am throwing it away for a less desired role. What are your thoughts on the role / exit opps should this not be the role I thought I wanted after all? Or should I stick it out in PE for another few years and see where it takes me?
As a bit of background, my current job is very inflexible and I have two children. Not to mention, the company's healthcare is terrible.
What are your thoughts / comments if you were in my shoes? I can provide a bit more background in the comments but wanted to get initial thoughts out.
I was recently at a transition point and had a similar dilemma. I'm making some assumptions but would guess you are balancing the relative weights of a) less pay b) better work-life balance c) more stable career trajectory.
Generally speaking, people in their early / mid 20s are focused on compensation and prestige. You do a bunch of 2 year programs, and hop around. Eventually you need to commit to a certain career path. At this point, you should be deciding a career path that 'maximizes happiness'. Now some people will 'maximize happiness' by chasing $$, however some others would prefer a more modest income but to have better work life balance etc. There is no right answer - it is a matter of personal preference.
If you only read this site, you will have a feeling that the only way to go is to chase money. That being said, you need to think for yourself on this one. While great, this site is absolutely an echo chamber and views commonly expressed are impacted by adverse selection (its the Type A++/ money-focused people that are more likely to spend a lot of time on boards like this).
Lastly, don't forget that the golden handcuffs are real. Its hard to take a job with a paycut, but if you know that it is the right decision for you, you should do it sooner than later. It's easier to go from $225k to $150k at 29 than it is to go from $450k to $150k at 35...
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