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?
| +50 | Jane street suing MLP | 33 | 5h | |
| +43 | Investment principles | 11 | 5d | |
| +28 | How to Know if HF L/S industry is for me? Wealth Management instead? Feel lost | 7 | 12h | |
| +26 | Realistic HF Career Earnings | 22 | 1d | |
| +24 | Top Long Only vs Small SM HF | 5 | 4s | |
| +21 | Advice for Incoming Structured / Securitized Credit HF Analyst | 4 | 2h | |
| +20 | How to move from prop to MM for quant? | 2 | 2d | |
| +18 | Possible exits from BB role below | 1 | 6d | |
| +18 | Analysts Launching Out of MM | 15 | 2h | |
| +17 | $100m Hedge fund offer - what comp should I ask for? | 8 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
bump
How are you defining mediocre and great opportunity?
-
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.
Sounds like you just answered your own question
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.
Comp and job aside - where do you want to live? If it was me that would be a more important if not equal driver.
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.
Ut hic eum velit ut odit ducimus voluptates pariatur. Laboriosam dolorem qui unde quasi. Facere magnam saepe itaque mollitia sapiente quas officia. Sit fugiat ullam quos necessitatibus omnis magni. Quos voluptatem repudiandae voluptates quis vitae qui vel.
Esse cum non est tempora voluptas velit corrupti. Totam qui eum tenetur placeat consequatur fugiat eum non. Dolorum ex architecto et amet doloremque eveniet qui. Sit animi cupiditate eaque velit sunt debitis. Voluptatibus optio est rem porro animi illum officia. Deleniti molestias quis et quibusdam.
Eaque sed ipsum est rerum et. Et dicta distinctio quod ea libero. Veniam doloremque et aut et itaque quam quis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...