On-Cycle Recruiting 1st vs 2nd Year
I've noticed it seems like a lot more MBB analysts are waiting for their Year 2 to recruit for PE and then leaving after their 3rd year. Is there a strong reason (experience, compensation, promotion, b-school) why these consultants wait an extra year compared to IB recruiting? Would it still be smart to recruit as a first year MBB analyst or will that be looked down upon? Just not sure why it seems most MBB analysts take 3 years before switching nowadays vs. IB who all do 2 years?
