I joined a PE firm about 7 months ago, and I think I’m on a sinking ship. We’re struggling to raise any new funds, and our CEO keeps saying we’re going to run out of cash if we don’t get these funds raised (I think it’s supposed to be motivating…). I’m skeptical my bonus will be paid, and my gut is telling me to run, but my head is telling me to stick it out so I don’t look like a job hopper. Has anyone worked at a struggling PE firm that ended up turning things around? When should I run?

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

No advice on whether to leave here, but FWIW, I wouldn’t view you as a job hopper in this situation. I think you could easily and tactfully tell this story in a cover letter or interviews.

like

You’re spot on to be concerned about trash talking, but people get it. You’ll be able to convey that you’re looking to leave for reasons out of your control without going into much detail. I’ve heard it several times from interviewees. I wouldn’t stress out about this too much.

like

I know someone else in the same boat (in a finance role, not counsel). Would love to hear what people think. Feels like such a waste of talent, it’s so nerve racking.

They are trying everything to bring cash in for day to day operations and raise funds. I am cautiously optimistic.

like

Industry consolidation here we come!!!

like

Fundraising market is still tight. Poor performance is big red flag. Too many firms competing for dollars that are not there without realizations. If current portfolio not going to generate DPI soon, get out while you can.

like

Firms are getting creative. Honestly some of the stuff I see feels ponzi

Get out now. Most PE firms end up closing after raising only one or two funds. You never want to be somewhere that's struggling to raise new funds. The money should be flowing in.

Agree with D1

Sounds like a client I’m working with.

Related Posts

Hi guys, anyone working in Oliver Wyman strategy consulting here. Can you please share your experience, pay scale and whether they provide fly back to locations where they don't have office?

Hello Fishes, did you receive market correction of salary in October 2022 ? If so, what is the % correction ?

like

Hi Fishes,

How are hikes at Airbus, and how is variable pay.
Is there any perks.

like

Hi fishes,

Could some one Please help with in-hand salary with this E2 band structure ?

Post Photo
likehelpful

Kyndryl Or Atos??

Kyndryl is offering 2 lakh more for Microsoft Technologies SME role

like

Anyone go from SaaS / licensing sales to services (strategy & implementation) sales?

I'm thinking of moving from large cap tech to large cap consultancy firm to help build the resume and round out my experience. I enjoy and do well in licensing, but I'm fairly young in my career (<6 years) and received a great offer to make the move.

Big fan of the org and team I'll be joining as well.

Thanks!!

TC ~$300K

likehelpful

What can I expect in legato if I have an counter offer of 16.5 (50k joining included) ?
Tech :Qa Automation
Yoe : 5

like

Top Corp Dev teams: Trying to find the “top” (using this as short hand, I know it’s subjective) PE shops had a bunch of resources to use. However, there are no such resources (please share if I’m wrong!) for “top” Corp dev teams. “Top” is probably some mix of caliber of people, comp, ~prestige~, etc. let’s hear y’all’s top Corp dev teams!

like

Which is better ?
Associate Consultant in Capgemini- 9.25 Lakhs CTC

Consultant in Deloitte India - 9.25 Lakhs CTC

YOE - 3.
Field - Corporate Law

like

What is the salary range for application development senior analyst in Accenture.

I am working as a product designer.
Having 5 YOE.
Knowledge about photoshop, blender, uv mapping, textures, illustration, AutoCAD, Corel draw.
What would be the salary bar for a designer in a company? How to get a better growth in the design industry.
Could anyone suggest me?

Hey Fishes,
What’s the default hike % and bonus we get in HSBC if we join in September for GCB Band 5 role?

like

Is anyone here a movie trailer editor? I’m looking looking for some relative input regarding what experienced, senior editors typically make in the film advertising industry.

like

I have 4.5 year's of experience on dotnet with azure
Got two offers 1) TCS -12.5 , 2) YASH - 14.5
Which should i prefer and the CTC which I'm getting underpaid?

like

Hi Fishes, what is the hike given in lti during promotion from one grade to another. Like P3/P4 to P4/P5. Anyone gone through this. Please share your experience.

like

Hi All,

Can anyone let me know the premium per month for group term life insurance policy by lti.
As this premium will be deducted from our salary so can we add this deduction under tax exemption or not ?

PS : I am a new joinee and filling form B for projected investment, please let me know anyone.

like

Hi All,
How much should we ask from LTI for 9 YOE?
My HR is pending.

like

Just got an offer at Deloitte. Feel like comp/rank are too low due to lack of diversity of interviewers. :( Can anyone relate?

I joined EY GDS in last september 2021. (rank -44, Staff 3) I have got decent to good ratings in the feedback cycle from my managers and senior managers. How much hike can I expect as in average salary hike? Also when will my first salary hike get credited

like

What is the salary range for epic application analyst pharmacist? I was offered 135k and have 3 years of experience. I am Willow and Inventory certified and have the ability to work remotely. I am based out of the Cincinnati area.

like

More Posts

Thoughts on DDB here?

like

A reminder to not take life, dating, or yourself too seriously

Post Photo
funnylike

What are the top tools/resources to be familiar with as a strategist? Meant to be a broad question...maybe you're surprised more people aren't aware of them...

like

Anyone from Huron on the group? I see booming Oracle Cloud things on there, want to know more - Risk and Controls guy from PwC.

So about Growth Marketing…
“Growth” has been a permutator for many marketers looking to spice up their resume and whatnot, and in most cases they are either generalists or dedicated to a very specific area of marketing. What are your 1-liners to actually describe a Growth Marketer’s role/JD? Got any examples of activities real Growth professionals deal with (either you or colleagues)? What are some must-haves you look for in one? What is it Not, but still gets sold as one? Answer any or all!

like

Anyone here looking for a rockstar SDR Manager with 2 YOE? 🫶

like

We are a family with 2 kids under 3 years.
Yoe : 13 - 40 lpa
Yoe : 10 - 20 lpa.

Watched on YouTube about the Netherlands biking culture and how it's a good place for kids. Thinking of staying long term and sending kids to Dutch school.

Just beginning to apply via LinkedIn.
Both of us plan to work and needed inputs on what combined salary would make sense.
Would it be good to accept an opportunity if one us of us gets 60keuro and hope spouse would get an opportunity once we move there?

like

Hi all! As part of joining formalities, Barclays requires the document showing epfo linked with Aadhar. I have not linked aadhar with epfo. Only pan linked. Is there any alternatives available?
Also I tried aadhar seeding in Umang app, that too didnt work.

like

Hi fishes
I have experience of 2 years in oracle plsql and i am looking for a switch

but i want to work in Java development and I have learned spring mvc, spring boot and I have good knowledge on core java, collections

Will be it be good decision to directly get a job as a experienced candidate by telling I have experience on Java(2years)
or
I shouldn't lie about my prior experience on oracle .

Thanks in advance for your valuable suggestions

like

Exp. 8 years. Mid senior level.

I have to join new org on 1st April and leaving current org. On 18th

Now, I have 1 Interview on 16th.
It seems everything is last minute.

I haven't told interviewing firm that i have an offer and joining new org....to get the interview.(told current salary as per my offer from another org) & NP as one month

How do make sure i receive a better offer on time so I can join this org.
(If interview goes fine)

Suggest please

like

Hi People,
I'm looking for opportunities in Investment Banking Analyst roles in Mumbai.
I have 5 year's work experience and a finance major.
Please ping me if there's an opening in your organization and I would like to know more.

like

If you've worked at multiple FAANG companies, what's your secret?

like

Anyone willing to share what WLB looks like at some of the large CROs?

like
like

Hi everyone, I work for large startup (300 employees) and I have been asked to develop a Progressive HR manual template. Some examples include gender neutral restrooms, lactation rooms, signing off emails with pronouns, and etc. Any tips/links for resources to help would be appreciated.

like

So, a recruiter gave me feedback that my lack SPHR or SHRM-SCP is causing my resume to be knock out by AI and human recruiters despite my position and work history in Multinationals and being in Technology. They suggested that we put SPHR ( Lapsed). I let it lapse in 2017. What is your opinion? Plus if I were to take another certification - should I take SPHR or SHRM-SCP?

like

Looking for advice! I was approved to work remotely but my salary will decrease 10%. I received two raises so the decrease brings me down to my previous salary. I was told that it’s due to the cost of labor in the area.

I’ve been with my company for 8+ yrs, I love my manager and the work I do (engagement, recognition, & wellness programs) but I feel like I’m limiting myself since I have the experience, an HRM degree, and SHRM-CP credentials.

Should I apply for roles outside the company?

like

Hey! Am wondering if anyone has a change and comms template they could help me with for my role? Thanks!

likesmart

Dear legal recruiters who used to work as attorneys: are you glad you made the switch? I think recruiting could be fun but I know how much I ignore recruiter emails daily so it makes me think it’s touch to place people and make a consistent income. Thoughts?

like

I want to move to a Product based B2B or B2C in #Chennai or #Remote. I have a total of 6 years experience with a mix of Data Science and Product Analytics space. Currently an APM.

Please like this post.

Additional Posts in In-House Counsel

What’s a fair expectation for my first raise? Publicly traded co with ~2500 employees. I’ve been doing litigation with the company for almost 3 yrs and have only had a 2% cost of living raise so far. Graduated in 2014. Base comp is $127.5k in the Philly area. I see salaries all over the place in this site and it’s hard to tell whether mine is competitive.

like

How is your bonus structured? Percentage guaranteed? Purely discretionary? A mix of the two? I’m trying to come up with language for a counteroffer.

like

Has anyone moved from antitrust private practice to a non-antitrust in-house role? If so, what kind of role?

like

I am far along in the interview process for a job I want (meeting with Chief Legal Officer next week), but am still accepting other interviews until I have a formal offer. However, I have an interview scheduled for early this week where, after further research, I don’t think I would be very happy. Should I let the recruiter know that now, or just do the interview for more “practice”? Thanks!

like

Have interviews set up at FAANG co and getting good signals, for a position that was posted widely (all across US) but not remote. Haven’t broached the subject of location yet. Would you (1) early on clearly state that you’re not open to relocation but that you would be open to visiting a big office once or twice a month; (2) not say anything now and wait to get an offer and ask for an exemption; or (3) something else?

like

Company is considering a re-org to put Chief Legal Officer in charge of payroll and HR Departments. Have others seen this? Thoughts?

like

Anyone ever considered contractor gig in Meta/Facebook or any other big players in tech? I'm full-time in a smaller company and it's pretty stable. Wondering if the move could be worthwhile. Mostly want to explore other areas. Other things to consider: planning for babies in the next 3-5 years; maternity leave in current position is basically what's legally required.

like

In house counsel who were ip litigators, what do you do now? When did you go in house and how is your total comp in house? How is work life balance?

like

When I moved in-house a year ago as a BigLaw mid-level, I took a 45% pay cut, far more than I was comfortable with (although I was fine with a 20-30% cut). I took the job because it was a great role and I was focused on making the jump in house and developing the skills I wanted, which required me moving away from my firm practice area. Now that my year-end review is coming up, how do I ask my company for a significant pay raise (not just a 2-5% inflation-matching raise)?

like

I started a new role 3 months ago and I don’t feel like I’m being set up to succeed. There was basically no onboarding. I have no clue who to go to for anything. We have no central repository for old documents, so I’m constantly fumbling around & starting from zero. I keep finding systems or programs that someone was supposed to get me access to/train me on but never did. I’m so stressed out because I never know if I’m missing something huge. Is this normal..or do I need to start job hunting?

like

Any Privacy Analyst here who can share what their average work day looks like?

like

Would you strongly advise against going in-house right after a state court clerkship? (No law firm experience in law school either). I don’t know if I want to become an in-house forever. Would it be difficult to get a law firm job at a later time?

like

Anyone else have a positive screener interview with HR, good thank-you email exchange follow-up, and then not hear anything for over a week? This doesn’t seem normal…but I’m still waiting.

like

What CLM platforms do you use/like? We’ve been using conga but are far from pleased.

like

What is work-life balance like in big tech legal? I’m currently in house at a large multinational; I like my job and I get paid fine, with a very good WLB (40-45 hrs). I want to look into FAANG-type opportunities as they would mean a huge pay bump, and I think I’m qualified, but I have no idea about the hours, and I don’t want to substantially give up WLB, as that’s why I left BigLaw. I don’t want to be miserable again. I know Amazon is poorly reputed for lawyer WLB… what about other places?

like
like

I’m moving from big law to in-house. Any recommendations on feeds, resources, etc that I should subscribe to? I’d love to be part of a group of other attorneys that are new to in-house. Any suggestions?

like

Has anyone here worked in-house for a startup and also in-house at an established company? What has your experience been like? What did you like/dislike about each? What was the difference in wlb?

like

What are some companies that hire attorneys fully remote with 3-5 YOE? Even if there are not openings currently, I am curious to know so I can keep my eyes peeled for openings that may come up.

like

How did current in-house attorneys find their positions? I am currently in big law with 3 years of experience. Seems that most recruiters can only help me lateral to other big law firms.

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal