I thought this would be the best place to ask. Retail Asset management vs a Startup?
One from a private equity firm for x USD based out of India plus year end bonus tied to performance for the AM of its retail and hospitality assets in India. The firm has 5 billion USD AUM in India
and Singapore. The other offer that I have is for 2X from a Dubai based startup that has about 8 million USD in seed funding. I was wondering what to choose. Should I look at short term gain and choose the startup or long term stability at an established firm. The startup is in the media/ arts and luxury sphere, two areas I am really interested in. The founder said that he could give me equity as well if I perform well and he plans on exiting when he touches a 500 mil valuation. However it’s a big risk tbh.
What do you guys think? The startup doesn’t really have great exit options in India atleast because no one knows about it and let’s be serious how many art collectors are there in the country for the startup to have a sizeable addressable market? The thing about the PE firm is that the exit opportunities will be a lot better and I can exit to bigger funds like Brookfield and blackstone. Additionally I feel that the long term benefits of the PE firm on my CV would be a lot more. What do you guys think?
I have 1 year of strategy consulting experience prior to this plus 1 year in analytics. I have turned 28 yesterday. I know that not a lot of people here would know about consulting or finance but to keep matters simple think about working at an established firm in Tech like Google vs a remote startup based out of Dubai.
I can’t take the decision because a few years ago I would’ve chosen the startup as I don’t handle the office environment and the pressure well but now I am on meds for my depression which have made me a lot more functional and positive as a person.
What do you think of the decision from the perspective of a potential MBA at HEC or Insead
Seems like two offers are significantly different from each other. You need to ask yourself what you ultimately want to do - real estate or a corporate gig. As far as MBA application goes - I think the startup on the resume will make you stand out from a shit ton kids who do high finance and pursue MBA. Also, is the 2x comp package at the startup all cash or does it include stock based comp? It's kind of weird that an $8m seed startup is paying you twice as much as a $5bn shop. Just an FYI - it will be extremely tough to exit to BX or Brookfield from such a small shop. On the other hand, if you do a top tier MBA program, it will be much easier to break into the MF space as a summer associate.
It’s strange, yes. The startup is similar to the watch platform Chrono24 or watchcharts. Please have a look at them if you can. I don’t think I thrive well in the corporate setting and really love the work at a startup where you are expected to do a lot of different things. I was in strategy consulting before this and I hated that. The startup is paying all cash. Then again it’s India and salaries are very very low like 30k pounds for the fund. I also feel like if I grind it out in india for the next 5-7 years I can potentially be a part of the country’s growth story
Well then you answered your own question
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