Leaving your PE firmSubscribe
I've been working at my current PE fund for less than a year now, after breaking from IB.
I must admit that when I took the job, my motivation was more to get out of banking rather than because I thought the fund was great. I was really getting killed badly in IB, and not getting paid much to alleviate that suffering. In a nutshell, I thought the guys and the fund was just OK (not a brand name shop), but was pretty far from my dream fund. The other thing is that the fund is in fundraising mode right now which adds to the uncertainty.
Recently I got approached by a great PE shop that needs to make some additional junior hires (has the brand, the money and the track record), and I would be quite keen to make the move. Questions are:
- How bad will it be for me to quit so quickly? Will the partners rip me apart?
- What do I tell them when I quit i.e. how to quit "nicely"?
- Does it look really bad on the CV, should I wait a bit more?
Thanks for the advice