I work in a fortune 500 international insurer's corporate strategy team as a senior manager (i.e. around USD US$100K base). Currently internally there's an opportunity in the PE team (i.e. Limited Partner function) for an investment analyst role. I've always wanted to try PE, but a career switch will cut my base by 10-20%.
Is it common to switch into PE with a pay cut? What would justify a move?
| +251 | I should have been a marketing girly (a rant) | 82 | 3h | |
| +113 | PE Firms with Gentrification Strategy | 34 | 1d | |
| +72 | WORST/UGLY sides of a career in PE??? | 27 | 16h | |
| +64 | Vista vs Thoma Bravo | 25 | 20m | |
| +52 | Is HBS / Wharton MBA / Stanford GSB worth it? | 23 | 1d | |
| +44 | The Morality of PE | 11 | 1d | |
| +31 | Burnt Out 2nd Year Analyst Dreading Move to PE | 2 | 1d | |
| +29 | What is Synthetic PIK??? | 30 | 17m | |
| +28 | Is PE a career for the uninspired, unambitious, and untalented? | 8 | 5h | |
| +26 | I discovered my personal boundaries | 10 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
I'm not surprised to see a paycut... you're moving down in title + the LP side in general doesn't pay super well (at least relative to the GP side, people at FoFs are certainly still doing okay), and at an actual corporation like yours, you're effectively part of the Treasury function. Corporate Strategy can at least be more directly related to revenue generation.
In terms of what would justify a move, what are your career goals? Hard to say without that info. Offhand, I will add that 1) you would be going from being a couple notches up on the totem pole (Senior Manager) back to an entry-level role (Analyst) and 2) you will likely have less visibility internally with a role like this v. Strategy where I assume you interact with functional / BU heads consistently. The tradeoff is this role should be a bit more external facing and you will get to meet and understand different funds and their strategies.
Quo ut fuga vero delectus est ipsam eligendi. Aut ab sed dolore nihil et delectus dolore. Laborum molestiae provident quod occaecati. Aliquid et saepe blanditiis ipsa est omnis et fugiat. Corporis labore eligendi iure quis doloremque. Debitis ipsam rerum provident incidunt alias voluptatem aut.
Aut accusamus unde et cum molestiae deleniti a eligendi. Officia id eos unde cupiditate. Est aut asperiores molestias. Labore ipsam ea doloremque ipsa. Est quia similique deserunt rem quia sed est. Omnis omnis sit animi dolorum.
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...