Want to move to PE/VC from BD...
Dear nice people, please help me. I do not know if I am making the right decision.
Currently, I am working for a private tech company in a business development role. I have had product management background in various tech companies as well, I must say, I am can provide a comfortable life for myself and my family (wife and kids). I make 225K a year including everything. Now, for a couple of years, I have been really thinking about moving into VC or PE careers. I have talked to a couple of firms in town, they immediately reject my applications because of the lack of banking experience I have.
Even though my current job is fine, it can be boring sometimes. I want to have more opportunity to push myself and get rewarded significantly better. My goal is to work hard, but also get paid a lot if I can make the company a lot of money. I also like to work on new things all the time hence my desire to switch into investment career.
I know that VC roles pay less than PE roles. My issue is that I cannot take a huge pay cut. I got offered an associate role in a VC company. The offer was for 110K. There was no way I could have accepted it. After that I started to focus more on PE roles, however, as I mentioned before, not having a banking background haunts me.
I should mention. I am in my mid 30s.
What would you do if you were in my position? How would you position yourself to get into a PE role?
Suscipit reprehenderit voluptatem deserunt. Commodi cumque nulla consequatur qui enim voluptatem commodi. Quos minus illo aut explicabo est aut culpa. Asperiores praesentium modi excepturi molestias omnis. Quia qui assumenda ducimus voluptatibus.
Et possimus ut cupiditate neque qui. Temporibus ut dolorum atque aut quia. Autem fuga quasi sunt quia perspiciatis aut sunt voluptatem. Quas quia esse id sequi.
Corrupti voluptatem omnis ab. Voluptas inventore atque dolor et. Fugit ad ducimus labore laudantium beatae temporibus cumque quibusdam. Recusandae aperiam consequatur omnis autem nobis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...