When to Jump Ship?
Currently a research analyst at a very small shop running one equity strategy in a LCOL city in the US. I have been here for 5 years (first job out of UG) and am feeling like it may be time to go. The firm has been around for over a decade with decent performance.
Firm: CIO and myself are the only investment people. ~$600m in AUM. He has a very controlling personality and I was the first analyst he has ever hired.
Comp: Have consistently been ~1/2 of market base comp with jokingly small bonuses. Took the job initially because it was buyside. I have stayed because I thought there was upside potential as the firm grew/succession planning and my non-target background.
Situation: Comp has not scaled as I was led to believe and there has been no mention of profit share, a performance-based comp scheme or potential succession planning. I didn't even have a comp discussion in 2021.
The CIO has also refused to provide me with any research software (FactSet, Bloomberg, etc.) while having a FactSet subscription that he rarely uses (He is pretty old school). I have generated ideas (some got in the book and some didn't) that have outperformed the rest of the portfolio on average with basically no support. It is very difficult to get feedback on why an idea doesn't enter the book.
Question: My question is whether it is time to start recruiting and jump ship or if I am just whining as a younger analyst?
There have been whispers of succession planning in the future but the CIO always changes the subject when I bring it up. This along with the refusal to invest in support for me as an analyst or provide feedback has sent up red flags that he is only interested in maximizing his personal gain in the short-term.
Any advice is welcomed.