Hi everyone,

Looking for a sense check on a potential career transition.

Context:

- 8-10 YoE with ~350K on target TC, HCOL

- Current firm is PE owned, so no opportunity for equity upside - comp tied to professional fees and firm performance

- The new firm started by a few former partners

- Unlikely to join as partner

- Role would primarily be execution based, but shift toward BD with time (similar to current responsibilities)

- Would expect to work 60-80 hours/week, likely more than at c

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

-Equity potential via profit share units, which would only be granted after a few years and at time of sale

Questions:

- What salary would you be looking for initially?

- What is a reasonable equity target? Very low single digits has been floated to me

- Would you expect some level of profit share incentive?

- Any suggestions for how to negotiate?

Thanks in advance

like

Would be hunting for $500k total comp, but more importantly the potential for Partner equity.

80 hrs for 350k at 10 yrs in the business doesn't seem good to me. Like there's nothing wrong with it, people work harder for more, but I wouldn't say it's a "good deal". There needs to be more variable upside than the salary bump. You want significant upside if it all goes well. Like 50-100% bonus type situation

Here's an unsolicited life tip: never negotiate against yourself. If you ain't making 350k yet, it's not enough. And after that, it's also not enough. That's the world we live in. Strive for more. If you think making 200k is 'fair', they're gonna pay the next guy more. Also, you need to realize how much money some of these businesses and people are making. If it's raining, you want to be collecting the water, not looking through the window.

helpful

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