Senior Associate / VP Promotion Process
2nd year in IB about to start at an UMM (~$10B fund) PE firm in the summer. It’s not a strict 2 and out program and there are people who have been promoted to Senior Associate / VP. I’m curious to hear when Associates find out if they’re being promoted or need to lateral / get an MBA. Is it 12 months in? 18? What are the most important things that differentiate Associates getting promoted vs. ones that don’t? Any insight would be greatly appreciated.
Typically 12-15 mo. in for Senior Associate nod in a two and out program.
I was told at my 12 month review they were planning to promote. Then they formally gave me an offer at 15.
Was told at first year end review that I was on track if performance continued to be strong, then at second year end review it was official
I have ben told that I'm on tack for SA at various points during my time at my fund, and at the formal review at the end of 2022 they told me that I would be getting the SA offer at the conclusion of the 2 year program, assuming I choose to stay.
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