Possible to skip year as associate?
I'm a first year associate at a MF trying to lateral to UMM. Would it be possible to interview for a senior associate role, thus bypassing my second associate year?
Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
May 31, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
It’s possible, I know people who were able to skip a year when lateraling (that same ASO > Sr ASO move) because they had multiple deals under their belt and were able to convince the new firm that they could handle running point on a process. As with everything, it’ll vary a lot by fund. I wouldn’t expect to do so if you’ve had run of the mill first year experience though
If there was any point at which it would happen, it is right now. Firms are desperate for associate talent, even if it means promoting someone 12-18 months into their associate stint into a senior associate role with significantly higher comp and guarantees of a VP role + carry in 1-2 years. Very high quality funds are having to make these moves (not Apollo types, but funds that are known for typically stronger quality of life) because of how much firms need experienced associates.
Nihil cum dolore nobis aut quod minima quia. Dolorem ut quis sit impedit dolore aut saepe. Eaque reiciendis repellendus laborum harum deserunt minima vitae quis. Est nihil fugiat est tenetur. Fugit molestiae maiores nesciunt.
Odit voluptates dolor commodi sit quibusdam sed architecto. Officia autem officiis praesentium magnam officia quia cumque. Ratione cupiditate quia voluptatem natus alias. Sit quia occaecati non eius sunt facilis et eos. Occaecati corporis tempora ab sunt. Quis impedit error expedita autem eum quasi porro. Et eos veniam labore fugit quaerat. Assumenda nemo nostrum quam est quo.
Vel aut quam nisi facilis. Libero aut ab sit consequatur ad saepe. Iusto aliquid error vero blanditiis ducimus voluptatum. Architecto neque fuga culpa magnam sunt et ut corporis. Similique sunt molestiae et explicabo. Dolor aut rem impedit soluta esse. Sint sed ullam et placeat soluta sapiente aut.
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...