All I hear about is analyst to PE/HF/VC exit. What about exiting after A2A or A2VP? Does a longer banking stint help? Does it set you up only for IB?

Needless to say im not planning on doing B School and im unsure of such a quick exit (easy to say as an incoming summer analyst)

 

At VP level, funds will find you too senior to accept an Associate position, but too inexpert in PE to offer you a VP job. 

What I have seen is VPs at BB going to MM PE funds, getting experience there, and then lateraling to better funds. In my experience once you miss the associate via to a MF, it is very difficult to then jump directly into a MF

 

Don’t listen to BenBrian. If you recruit as an associate in banking (regardless of year) you will likely start as an associate 1 with the rest of the analysts that year. So any time as an associate is a waste until you get to VP. At that point credible funds won’t give you credit for being a in banking VP and you have to join a MM PE firm and lateral as the other guy said. In short, get a job on buyside before you become an associate at a bank.

 

This is not true. Maybe if you're 6mo into associate stint, but Associate 2 / 3 people leave for PE literally all the time and they do not lose seniority. 

The only caveat is you lose the easy recruiting from analyst, and UMM/MF become way harder. But associate/senior associate doesn't close the door on PE and you're not becoming an associate 1 again lmao

 

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