Pros
Disclaimer: This review is specifically for the role in the New York and San Francisco offices. For the time being, they operate differently than the rest of the offices across the country. - High Pay starting out - Great benefits - 4 days in office a week - Many great connections in the finance industry - Diverse culture
Cons
Main Con: As the main title suggests, you will be getting great exposure to the industry and have the opportunity to learn a lot about different investment strategies across different asset classes. You will NOT be partaking in the actual investing though. The role mainly comprises of being a data analyst, reporting, and client service more than any actual investing. Just go into the role with open eyes and be sure you know what you are getting yourself into. If you feel you want to be more on the technical side (ie doing financial modeling, valuing/researching investment opportunities) then this may not be the role for you. It is not uncommon for people to leave during their contract term to go to a more technical role as well. Other Cons: - You are temporary to the company (2 years as an Associate, If promoted, another 3 years as a Senior associate then it is the end of your contract. Referred to as 'Term' Structure) - MDs have their favorites. Be sure to focus on the relationship aspect a lot in the first 2 years - With the acquisition, the role can change. A lot is unknown for now. Firm is also trying to cut back on spending so compensation opportunities might decline soon.