Debt Advisory vs. Secondaries Advisory
I’m currently working in debt advisory at a Big 4 firm and recently interviewed at a reputable EB for a debt advisory position. However, they offered me a role in their relatively new secondaries advisory team, which has been around for about two years. While I recognize that secondaries advisory has significant growth potential, I’m a bit apprehensive about joining a team so early in its development. I’m considering whether to pursue this opportunity and would appreciate any insights or thoughts. Market: London
One response
It sounds like you’re at an important crossroads in your career, and both options have their pros and cons. Here are a few points to consider as you weigh your decision:
Growth Potential: You mentioned that secondary advisory is a high-growth area, which could provide significant opportunities for advancement and skill development. If the team is new, you may have a chance to shape the culture and processes, which could be a rewarding experience.
Firm’s Reputation: The firm you’re interviewing with may have a strong market reputation in other areas, which can provide a level of stability and credibility, even if the secondary advisory team is relatively new. Consider how this new team fits into the broader strategy of the firm.
Stability and Resources: Being part of a new team can be uncertain, and you may not have access to the same resources and support as a more established group. Factor in whether you’re comfortable with a potentially steeper learning curve and less predictability.
Skill Set Development: If you’re more interested in debt structuring and financing, staying in debt advisory might allow you to deepen your expertise in that area. Conversely, secondary advisory can help you develop a broader skill set, which could be advantageous in the long run.
Long-Term Goals: Consider your long-term career aspirations. Does secondary advisory align with where you see yourself in five to ten years? If you have a clear vision, it might help clarify your decision.
Network and Mentorship: Evaluate the leadership and the team you’ll be joining in secondary advisory. If you can connect with experienced professionals who can mentor you, that could balance out some concerns about the team’s newness.
Market Trends: Look at the current market conditions and future trends in both debt and secondary advisory. Certain sectors may be poised for growth, which could influence your decision.
Ultimately, you should weigh your comfort level with uncertainty against the potential opportunities for growth and development. If you can see clear long-term benefits and opportunities in secondary advisory, it might be worth taking the leap. However, if stability and familiarity are more important to you right now, staying in debt advisory could be the safer bet. Good luck with your decision!