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Go in house or stay at firm?
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Date: May 17th, 2013 2:36 PM Author: Rough-skinned pervert Which would you choose:
Stay at firm and try to make equity partner. Will make ~300k/year for the next 4 years working 80-100hrs to try to build up a book. If succesful, would make 300-500k as partial service partner with smallish book.
Go inhouse for ~150k at fortune 500 corporation. 40 hrs a week (a friend works their already so I confirmed the hours are not bullshit), allowed to work from home up to 75% of the time. Very good job security,but little room for advancement, would never earn much more that 250k.
What would you do.
Both jobs are in non-NYC major cities.
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Date: May 17th, 2013 2:37 PM Author: dashing hall boiling water Do the second and save some cash to open up franchises on the side. (http://www.autoadmit.com/thread.php?thread_id=2258578&forum_id=2#23217348) |
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Date: May 17th, 2013 2:39 PM Author: Rough-skinned pervert I would definitely have time for some kind of side business in the second case. I have enough saved up that I could probably gt into some rental properites. But franchises typically require an enormous initial outlay of capital. (http://www.autoadmit.com/thread.php?thread_id=2258578&forum_id=2#23217361) |
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Date: May 17th, 2013 3:15 PM Author: dashing hall boiling water Yeah do rentals then. (http://www.autoadmit.com/thread.php?thread_id=2258578&forum_id=2#23217526) |
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Date: May 17th, 2013 2:38 PM Author: Bateful School two and it is not even close (http://www.autoadmit.com/thread.php?thread_id=2258578&forum_id=2#23217354) |
Date: May 17th, 2013 2:39 PM Author: duck-like big juggernaut spot stay where you are and it's not even close. (http://www.autoadmit.com/thread.php?thread_id=2258578&forum_id=2#23217358) |
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Date: May 17th, 2013 2:44 PM Author: Rough-skinned pervert In-house it is! (http://www.autoadmit.com/thread.php?thread_id=2258578&forum_id=2#23217376) |
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Date: May 17th, 2013 2:42 PM Author: Walnut 180 stag film in house not close (http://www.autoadmit.com/thread.php?thread_id=2258578&forum_id=2#23217369) |
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Date: May 17th, 2013 2:46 PM Author: frisky self-centered becky scourge upon the earth it's close (http://www.autoadmit.com/thread.php?thread_id=2258578&forum_id=2#23217383) |
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Date: May 17th, 2013 2:49 PM Author: Provocative harsh chad generalized bond Can you stick around as a non-equity partner and work 45ish hours a week for $300k? (http://www.autoadmit.com/thread.php?thread_id=2258578&forum_id=2#23217400) |
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Date: May 17th, 2013 3:01 PM Author: Rough-skinned pervert No. All the people I know who tried that got bounced out. Basically their work from other partners dried up when they got a reputation for not being high performers. (http://www.autoadmit.com/thread.php?thread_id=2258578&forum_id=2#23217476) |
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Date: May 17th, 2013 3:13 PM Author: Provocative harsh chad generalized bond I'm in-house and happy so obviously I'm biased, but it is a lifestyle choice. I presume that you can gun for equity, fail and still go in-house. So the real question is if you think partnership would be worth the QOL. (http://www.autoadmit.com/thread.php?thread_id=2258578&forum_id=2#23217515) |
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Date: May 17th, 2013 3:34 PM Author: Rough-skinned pervert Yeah, I am leaning towards in house because even if I made partner, I am not sure I would want to keep the job. I don't have super expensive tastes, my wife and I don't want kids, and I have a lot of outside interests that I have completely neglected because of lack of non-working hours. On the other hand, I could presumably retire much earlier in the first scenario, but I have literally never met anyone who actually does that. (http://www.autoadmit.com/thread.php?thread_id=2258578&forum_id=2#23217662) |
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Date: May 17th, 2013 3:40 PM Author: Provocative harsh chad generalized bond Yeah, I agree that early retirement tends to be an early goal that few follow through on, kind of how many law students claim to want to do government or public interest but everyone that can does biglaw. In reality, you will have given too much to get where you are to put it down even if strictly speaking it doesn't make you happy. On the other hand, some people are happy in that position so you have to be sure that isn't you before you shut the door on that life. (http://www.autoadmit.com/thread.php?thread_id=2258578&forum_id=2#23217699) |
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Date: May 17th, 2013 2:49 PM Author: irradiated slimy gas station deer antler law fags should burn in hell. no one should be making 500k (even for 80 hrs/week; no one actually works 100 hrs/week), or 150k for 40 hrs/week (http://www.autoadmit.com/thread.php?thread_id=2258578&forum_id=2#23217401) |
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Date: May 17th, 2013 3:10 PM Author: Provocative harsh chad generalized bond Someone mad and jelly. (http://www.autoadmit.com/thread.php?thread_id=2258578&forum_id=2#23217504) |
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Date: May 17th, 2013 3:29 PM Author: khaki lascivious business firm boistinker I like your username.
This is matter of personal preference. I would choose second in a heartbeat. But if you are hemming and hawing, money is more important to you (not hating), and maybe you should go for the first option because option two could still be available, but not vice versa. |
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Date: May 17th, 2013 3:31 PM Author: Provocative harsh chad generalized bond This. (http://www.autoadmit.com/thread.php?thread_id=2258578&forum_id=2#23217628) |
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Date: May 17th, 2013 3:37 PM Author: Rough-skinned pervert The problem is that if I take option one, I basically give up the remainder of my 30s. So there is a significant cost to deferring the exit from BIGLAW. (http://www.autoadmit.com/thread.php?thread_id=2258578&forum_id=2#23217677) |
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Date: May 17th, 2013 3:43 PM Author: Provocative harsh chad generalized bond On the other hand, you don't want to wake up 40 years old, wondering why you didn't give it a shot. The fact that you made this thread makes me think that this could be you. (http://www.autoadmit.com/thread.php?thread_id=2258578&forum_id=2#23217718) |
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Date: May 17th, 2013 3:34 PM Author: Saffron geriatric friendly grandma if you're actually conflicted about it, you prob are the type that will regret not taking option #1, so i'd say take #1 if in your position.
for me personally, it wouldn't even be close. definitely option #2 and then lateral to another in-house job with greater potential for advancement after 2-5 years.
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