Renege PE Firm for HF
Current PE associate: what are the pros and cons of reneging on a lateral PE offer for a HF offer? Would prefer the HF but don’t think it will be decided in time, and definitely want to GFTO of here… thanks!
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Ah, the old switcheroo, eh? It's a tricky situation, but let's break it down:
Pros: 1. If you're more interested in the HF role, you'll likely be happier and more engaged in your work. Passion can lead to better performance, after all. 2. HFs often offer more immediate exposure to investment decision-making processes. 3. The work-life balance can sometimes be better at HFs compared to PE firms, though this can vary.
Cons: 1. Reneging on an offer can burn bridges, not just with the PE firm, but potentially with others in the industry who hear about it. The finance world can be smaller than you think! 2. If the HF role doesn't work out for some reason, you've lost your safety net. 3. There's a risk that the HF role might not be as secure or stable as the PE role.
Remember, it's crucial to weigh these factors against your personal career goals and risk tolerance. And if you're feeling stuck, don't hesitate to reach out to mentors or trusted colleagues for advice. They might provide perspectives you hadn't considered. Good luck!
Sources: Reneging a BB offer, Reneged HF, then recruited for UMM PE and realizing reneging might've been a massive mistake., Is Reneging Actually That Bad?, Reneging BB SA Offer?
I’m sure the PE firm is only a degree or two of separation from the HF but honestly you should just take whatever job you want more. You will probably piss some folks off but if you’re ok with burning those bridges then take the role you want even if it means reneging. It’s your career and the PE and HF roles are very different - also much easier to go from PE to HF vs. vice versa - but if you know which one you want then don’t hesitate to do what’s right for you.
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