Hi, I have two choose between these two offers and I would love some guidance.
On one hand I have an IB and PE Analyst position at this small regional boutique in NYC (think Raine, Incentrum, Foros, Broadhaven, Berenson) and on the other hand I have a Technical Product Management position at a F15 tech company.
The comp starting out at the regional boutique would be $85K starting + $10K signing and potentially a $40K bonus (though I'm not sure how things will play out with bonuses post COVID) whereas the F15 Tech PM comp will be $78K ($89K if I work 40 hours/week) + $7.5K signing and $7.8K bonus. One interesting thing about this position is that I may be able to start out working in the F15 company's startup accelerator program and maybe even their corporate venture fund, but this will not affect comp.
Given COVID and the situation of banking and the world of high finance, which would you recommend? Many people from the F15 firm have moved to FB, Google etc, but I've seen ppl on LinkedIn move from this regional boutique to Carlyle. Thank you!
I'd recommend hitting up the alumni from the regional boutique and chatting with them what was the experience actually like and how did they exit to Carlyle? Also what are they doing now. One question is it focused on what you want to do or generalist?
The second question, is which would you rather do right now? What would have more fun doing.
Both will turn into the same type of exits (eventually) as though it seems like it when you are school your career isn't determined by where you start it. Its determined by how you value and prioritize your life and what you want to turn it into.
I.e. you could leave the tech company go join an early stratup, exit to a VC firm, join the VC firm AND then move to PE. It has been done - it just matters how you want to do it and what you value learning.
Thanks for your response! Right now it seems like the IB gig is more appealing because I interned at the F15 company this summer and got a return. I’m not really sure what I want to do other than make a lot of money, but I don’t have a crazy good undergrad credentials (GPA) so I feel like moving to PE may not be possible and I may be pigeonholing myself to be a career banker at this regional boutique. I liked the Tech PM role but my main concern is the lower pay ceiling and low working hours (though when things open up again I’ll probably wish I wasn’t in the office all the time). Overall I would rather do the tech PM job, but I just want to know if a regional boutique job would be something better than I shouldn’t pass up. Thanks!
I lived in both worlds before my current job and have a lot of friends who are still in both worlds including at all of the firms you have mentioned so have a very good proxy.
I’ll probably get monkey’d for this too, but money just doesn’t matter enough. Really doing what you’ll enjoy more (maybe banking leads to something you’ll enjoy more later...) is what you need to consider.
Where will you have more enjoyment waking up day after day. I could do either and have a lot of fun doing either, but I would probably find my way out of tech pretty fast again because I like the bigger picture.
A few questions to ask yourself on the bank: What are the deals? What will you actually get to be doing (admin work and contact logs? Pitching?) Highly highly recommend trying to get in contact with their former analysts and getting a good idea before you decide.
There's a very very very big difference between firms like Raine and Incentrum and Stout... Based on the comment you said about Carlyle I assume its from one of those two, in which case its a completely different comparison
don't mean to hijack but can you provide any insight into Stout? Deal flow? Comp? Exits?
I've heard it compared to Big 4 advisory, but I've seen people exit to EBs like Rothschild, Stifel, Wells Fargo, Guggenheim and some have even moved to LMM PE. Comp is below street but still substantially better than big 4 advisory.
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