Which Job: Bank or Bank

Long time lurker here. I recently took a job at a boutique foreign bank as an AVP(we take pieces of banks syndications with sponsor's like Fosun and Vornado), and I just heard back from a Bulge Bracket that I am the first pick for a role in debt asset management, either an AVP role or VP role, what should I do?

I have good experience, say 7-8 years total with 2-year in brokerage included. My resume most recently had me at one company for 1-year then the next company I was there a little less than 2-years, laid off because i didn't mesh with the team well and covid hit some development projects.  I am a career switcher, in his mid 30s with kids making 125k salary(heard bonus's were good and not great), and I know I should be making more. I want to make $200k, feel like my experience is good enough to get there.

My current job is 40-hours a week with 4 weeks of vacation a year, I get to see my kids a lot, I am worried that any other job I wouldn't get to see kids.  Family is fine, wife hit the jackpot job wise in the last year.

I worry that at a VP or AVP level at a bank I am not adding much value, where as on the equity side I could come in a role and immediately add value.

IF anyone has any thoughts, it would be great to see my situation with fresh eyes.

 
Most Helpful

If your wife is making good money, why not wait for the right role? Sounds like you’re not excited about debt asset management but really want to get over the $200k mark in comp. Don’t do something you don’t want to do just to make a bit extra. Find the thing you enjoy doing and do it.

If you are genuinely interested in debt asset management and can see yourself having a successful career there, go for it. But you have already hopped around a lot. So make sure this is something you want to do long term 

 

I appreciate the thoughtful response, I am also worried that another 2-years goes by and I'm not making that much more.  Maybe I get a promotion, we are growing rapidly, but I don't think comp will ever be that great here. So my thought is if in 2-years I don't get a promotion or raise I will have to/want to jump ship, which is another 2-year blip. 

 

originations and asset management, core/core plus in a few major metro, taking down senior secured bridge loans.

It is important to state while younger guys may think 125 is ok, i'm not banking anything meaningful towards retirement right now. 50k extra would all towards retirement, annually. I'm NYC metro, so clearly expensive city.

 

Nostrum neque dicta sint alias aut. Accusantium et corporis in vel cupiditate.

Error culpa quasi consequuntur perspiciatis. Ut placeat quia deleniti ipsa laboriosam. Molestiae officiis ipsum repudiandae voluptatem commodi quam.

Odio quis id autem quod qui. Minima quibusdam rem expedita reprehenderit et nesciunt. Aspernatur et odio minima ex voluptatem sit aut. Vel repudiandae adipisci vel voluptatem eos consequatur et ipsa. Nihil rerum architecto architecto sed.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”