Got laid off in tech corp dev making 250-300 all in. Have an offer to join a fairly new family office investment team in PE buyouts but will be a fairly significant cash pay cut vs what I was making in tech corp dev. I’ve always been interested in doing investing. All things being equal, is there better upside to take the fam office to do PE (at a pay cut for now), or go do another corp dev job? 6-7 YOE

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Posting as :
works at
You are currently posting as works at

Why did you get laid off if you don’t mind me asking?

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did the startup fold? liquidity event? seems like an odd team to remove.

Come back to banking if you don’t mind the lifestyle - first year Associates are making $350K cash with 2 YOE

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250-300 is solid comp btw

I’d take family office offer personally, feel like you can always go back to corp dev. Only challenge at the moment is current job market

Out of curiosity what experience did you have before Corp Dev / what level did you join? Looking to move to corp dev trying to level set expectations for comp / use you as a benchmark lol

I think depends on your long term career goal. If you’re optimizing for cash flow almost nothing beat banking but the lifestyle sucks. My guess is Associate 2/3 as VP is usually promoted from Associate.

If you see yourself being a VP Corp Dev in 5-10 years then it doesn’t make sense to go back to banking - I’m sure many spots are still hiring CD Director.

For the family office role - my rule of thumb is never take a role that pays less than your last role - so I wouldn’t consider.

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