Comp vs Opportunity

Curious to hear your thoughts. I have 5-7 years of relevant experience, and now I have two offers before me: a mediocre oppty (but with a strong brand name) in Midwest with NYC/market comp vs. a great oppty in NYC but with much less comp.

What should I primarily focus on before I make a decision?

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Comments (10)

  • Investment Analyst in HF - Other
Mar 31, 2021 - 6:11pm

Great question. From my perspective, the mediocre oppty is just a continuation of what I've been doing (traditional LO, LS/ generalist model)-I personally believe that this space is crowded, and the firm doesn't have any notable differentiation/competitive advantage in this industry facing huge pressure. The great oppty is something more niche, specialized and unique-something I believe would be a great experience/skill to have in the long run, at least for me.

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  • Associate 3 in HF - EquityHedge
Mar 31, 2021 - 10:48pm

Would you actually enjoy executing the day-to-day of the niche specialized role, or are you switching mainly because of the perceived lack of competitive advantage in the role you're leaving?

I ask because I've been in a similar spot, where I liked the day-to-day of a job facing industry pressures, and was weighing the switch to a niche area that had better industry prospects but a less enjoyable day-to-day. Your mileage may vary, but for me, enjoying the job outweighed the perceived industry prospects.

  • Associate 2 in PE - LBOs
Apr 1, 2021 - 11:21am

Don't think about the comp, everyone in this career is making plenty of money. Pick what you're interested in / believe in and the comp will follow. That's how it works.

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