When is too soon to consider exit Opps?
Just started at a T2 firm this past July in the Bay Area, and focused in Strategy for TMT. Originally planned on working until around Jan 2019 and then starting to talk with head hunters and assess the landscape with big tech firms and VC (i know that is a hard jump, but i have some really strong contacts at a few VC firms)
I know a few older colleagues that have exited to big tech recently, and part of me thinks I could sneak into one if I networked now.
Would love any opinions on when the right time to exit is, and what experiences anyone has had following a similar route.
Additionally, my original plan was 2 years consulting---->2 yrs big tech------> Decide on whether to pursue MBA or not.
Appreciate any insights!
When is your bonus / promotion timing?
99% sure bonus won't be until July.
Promotion timing in my group is minimum 2 years, and as of now I'd like to think I am definitely on that trajectory.
Finish your first year. It's considered bad form to leave this soon. It will burn bridges with your firm; the network value you'll give up is not worth an early transition. Plus, the six months will look bad on a resume for a while.
If you absolutely hated your job - I'd still suggest waiting out your first year. You don't seem to mind what you're doing. Building a career resume isn't just about getting what you want now, it's about crafting a story that shows well in role after role. It's just another half a year.
It is never too soon to consider exit opps. If you took this job with out giving that any consideration I would be more concerned with that. However, leaving a job after 6 months is bad form especially if that is a first job. I would advise you keep networking and preforming great work. It is pretty common for consultants to jump to the clients of their firms, so long as you do not jump into working on the exact same problem that the firm is trying to solve. But there is no harm in networking and building bridges to create a position you want at a client or another company.
Is it too early to start thinking of exit opportunities? (Originally Posted: 10/04/2017)
It's my second month on the job but I can already tell the second year analysts are miserable. The fact they have started to discuss exit ops so heavily, it's made me think of my own exit ops.
Is it too early to lateral somewhere else after a year? I'm debating between:
1) Going to a bigger bank with better culture 2) Management Consulting 3) Corp Dev roles 4) Go back to school and get my masters then recruit afterwards (1 year masters - financial engineering, accounting, etc.)
I guess there's a lot of thoughts being thrown up in the air but any advice would help
I'd stay at your current until the analyst program is over if you liked the bank you're working at.
"Is it too early to lateral somewhere else after a year?"
No, but if you're going to stay a year, might wanna make sure you at least get your bonus if you're on summer bonus cycles (or negotiate something into your new job where u get comped)
"Suckage generally less than IB". For a frame of reference, what entry level positions after college, in what industries, do you consider to be super--or a least do not suck?
Exit Opp too early (Originally Posted: 07/21/2011)
I've noticed that many people running PE firms put in many years in banking. Would it be a mistake to take an exit opportunity too early, say as an analyst? Would it make more sense to grind it out longer at a bank, make more connections, and try to hop into PE at a more senior position?
Most people do PE because of the lifestyle (in some shops) and the fact there will be less BS. If you just want to want money, staying in banking is probably a better option. You can easily become a principal/senior vp level if you don't fuck up/ your firm doesn't go under. It's a different story to go from principal to MD though.
It is possible to make the senior transition as I have seen several senior bankers becoming partners at different PE shops. Keep in mind that these guys are the hot shots (and it's super hard becoming one) at the bank already so it's not like they had to leave for "exit opp"
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