Going to a well-known and respect PE shop next year, but looking to lateral at some point due to location. What is the best timing to do so?
Hi all, going to a well respect Software PE shop next year and looking to lateral to somewhere closer to NYC at some point. Is the best way to do this after 1 year or after your 3 year period as a senior associate?
Any experiences about lateraling would be welcome!
After 3 years is much better but it’s most common to get burned out due to unhappiness in current city -> take big trade down in brand name and lateral to nyc sometime during your second year.
Just get a new job and renege now to do everyone a favor. You’ll burn bridges / not make strong connections if you leave after a year any way.
Worried about reneging / re-recruiting given HHs and really wouldn't want this to get back to me
When you say after 3 years is much better are you still taking a big trade down in brand?
I don't think the above comment is accurate. While you may burn out if you're severely unhappy with your city, reneging on a major PE fund which likely used one of the big headhunters would be pretty shortsighted. It's one thing if its a small fund that does not use a HH and lacks name recognition, but this is a different situation. Give the new city a chance, you may be surprised by its positives. And you would not necessarily trade down if you left after 2 years - yes, talent flows downmarket, but I question the idea that you'd go from a top shop to a no-name LMM as a result of wanting to change geographies. Family, friends, and environment are all very valid reasons to make a transition to another city if it's what you want, and while a year might be short, people have left in worse ways for less valid reasons and ended up just fine in their careers.
I’ve seen this happen many times and note I did not say ”no name LMM” but that does happen too. Giving the new city a chance and staying two years wasn’t an option as presented by OP so unclear why that is your answer.
Ut dicta animi ipsa rerum voluptate odio. Eum rem voluptatem eaque veniam tenetur et. Fugiat consequatur odit suscipit pariatur quia mollitia nam nobis. Occaecati optio repellendus sint cum aut ex officiis. Dolore tempora doloribus deserunt quis cupiditate quia. Voluptates aut sed quo aut architecto quasi voluptas. Itaque ut omnis dignissimos voluptatibus cupiditate itaque earum vel.
Aut ut sit sit vero enim rerum eaque. Voluptatibus vero doloribus aliquid accusantium commodi qui quo. Repellendus consequatur dolor eum necessitatibus praesentium impedit. Non quod et illum animi et.
Qui voluptas quae consequuntur architecto asperiores qui. Culpa hic debitis ut. Exercitationem commodi placeat totam earum. Quibusdam dolorem voluptate et consequatur debitis deleniti. Omnis occaecati eveniet qui facere qui eveniet.
Optio et id ut placeat. Architecto harum consequuntur odio magni magnam vel. Impedit iure et molestias quis aut quis provident ut. Optio et non velit est voluptatem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...