Need some career advice. I am currently in an asset based lending group within a super regional (BMO, PNC, etc.) in a collateral monitoring role (First year out of school, semi-target, low GPA). Currently considering joining a mid-sized private debt firm (11B AUM) on the investor relations side. The role would be typical investor relations like fielding questions and building IRR models. The fund said after around 2 years I could make the transition to front office which is my eventual goal. If I stay with my current bank I will move to the underwriting group in the next 4-6 months working primarily with sponsor backed MM companies. Is it worth taking the IR job as a "step in the door"? or should I stick to my current employer and join underwriting and try to make the transition to front office then? Is PE IR a dead end that will stop me from recruiting for other FO roles later down the line?
Comp for the debt firm would be about 30% higher than my current comp and in a much lower COL area.