So my friend started looking for a PE gig at end of her 2nd year (July 2015), but since then she’s had a lot of interviews but hasn’t landed anything. She’s had so many interviews, that most people in her team have realised she’s interviewing.
She’s due for the associate promotion this July, but given her team already has a lot of associates, and there are 4 analysts up for promotion, she’s think its likely someone might not get promoted – and thinks its most likely to be her. She’s not enjoying the job, but she doesn’t want to lose it either.
So what do you think she should do:
1. Still try for PE and hope for the best? (downside here is in 6 months she could still have no PE job + lose her IB job)
2. Call off the PE search for now and try and suck up to the everyone in her team for the next 6 months? (downside here is will have to call off PE search for 9 months, and thus another 9 months in job she doesnt enjoy)
3. Try lateral to another bank? (downside here is would probably have to do another 1 or 2 yrs in IB, before could think about going for PE again)
4. try move team at her bank (downside here is given she's in top team at her bank, moving to another team would make it harder to get PE interviews)
Any other suggestions?
Option 1 since she's not enjoying her job altogether
This is not an unusual dilemma and it is a fine balance. She might risk losing her job if she continues to heavily interview with PE funds and this is getting noticed by her team. This could put her in a position where the seniors could cut her - especially if she doesn't get the promotion.
Depending on how risk averse she is - I would say that she should go for option 2 and give it her all to get the promotion. It is a lot easier for her to interview with PE funds if she has a job let alone not recently moved to a different firm. She would need to put a lot of effort / coffee meetings with the seniors to get the support she needs.
"My friend"
how do you delete posts?
Your hand? jk
I agree to go for Option 1, why stay if she's not happy and if they already feel shes interviewing else where she's probably fallen out of the seniors favor.
I have the same dilemma (not in banking) and it was definitely obvious I was interviewing, but I just kept on that interview grind since I hated that job so much and got a new job thereafter.
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