How much weight do people actually put on fund size when making a move? I’m at a $500M fund now and interviewing at a smaller shop with a tighter team and more hands-on work. Everyone says “go where you’ll learn the most,” but comp and carry aren’t small trade-offs.

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The bigger the AUM the more they’re trying to compensate for

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AUM can be (not always) a proxy for people actually knowing what they’re doing

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everyone says “go where you’ll learn the most” but remember this industry is about making money - end of the day you can show you’re learning but at some point the fund wants you to make them money

Does everyone say go where you’ll learn the most? Get money get paid

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