How to Find Work Life Balance in PE/Direct Lending, Etc
Nothing earth-shattering here, but as some background have been an associate at a small NYC-area family office for about a year after doing 3 years of banking. Work is fine, hours are great (9am to 6pm), but the base salary is low at 110K and all in is no higher than 150k. Pay progression doesn't exist at the firm so the question is what do I do next? Feels like going to a larger family office or co-investing shop would be the best way to optimize pay/progression but am not sure how difficult it will be to find a role like that. Have seen a few recruiter postings for private credit roles at megacaps but am afraid the hours will be insane even if I am "lucky" and get an offer. Any thoughts on how to figure out the best way forward would be helpful.
The hours will likely be rough for a few years, but get dramatically better as you progress. Nothing like banking once you hit VP and up. I honestly would just dive right in with the understanding you're giving up a little now for a much better trajectory. Not to mention, the pay will be a ton better too.
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