I've an offer in my hand from a boutique IB firm (3 people - MD, Associate and Analyst) where I've been offered a position just below the MD. The Founder comes from Goldman (he was an Analyst/Sr. Analyst for 5 years in IBD; have worked in large M&A and PE transactions in India and UK).
In his IB firm, he had closed 4 transactions in the last 3 years, and have few deals in hand. His registered office is his residence address, with his branch office shared with a 20 year old Accounting Firm. As a person, he is good and has answered my questions honestly. He is 33/34 years old.
What I'm not happy is the compensation part - it's significantly low, but with high revenue sharing incentives. The fixed component is so low that I can just meet my monthly bills. He expects me to bear all the operational expenses and the laptop costs (which will actually burn my savings - this is my biggest challenge). I discussed this matter with him, but he said he is in no position to increase my fixed component - "this is the highest I can pay".
On one hand, the position is good with tremendous learning opportunities, but the office expenses and fixed component, on the other side, is playing a spoil sport.
If such was your scenario, what would you do? Do you think this kind of risk is justified? I need your sincere advice to help me make an informed logical decision. Your thoughts will be highly appreciated. Assume my present job/firm is comforting and stable.
