Facing a slight dilemma here. I'm currently a RM at a big 4 bank where I'm responsible for managing a portfolio of ~$200MM. An investment manager (FoF/Family office/etc) focusing on alternatives (10-20B AUM) reached out and asked if I'd be interested in joining as a VP (asset allocation, client relations) with the expectation that I'd be in that role for 4-5 years before looking for a promotion.
Normally, I'd have said yes considering it'd be a more challenging and technical role compared to bringing in assets/managing a book, but is it worth sacrificing quality of life and possibly taking a pay cut (10-20k) to move into that space? I currently work 40-45 hours (vs 60-70+) and earn enough that the role would be a pay cut, as mentioned. On the other hand, career trajectory could potentially be more lucrative there vs. aiming for promotions at a bigger bank.
I would love to hear opinions from everyone, as you are likely much more experienced. Really appreciate all the input, in advance. Thank you!