At BB got an offer for top group at EB
1.5 years into my BB and got an offer to join a top EB. Was going to do PE recruiting this year but it got pushed back. Group doesn’t do 2 year promote for whatever reason but I just got my bonus and I don’t really enjoy my coverage (not niche just don’t like it and it’s not fig or re). My MDs are good in that they care and call to check on me, make sure I’m well ranked, etc but I don’t think I had a technical experience (ton of join book, m&a deals are usually buyside, etc). Should I still lateral?
Sure why not? What type of EB is it and is the coverage group something you want to cover?
I just have a really good relationship with my MDs. If I leave they won’t serve as a reference for pe recruiting
It’s coverage (think TMT or Consumer) m&a at a top shop
Well, how do historical exits look for your group? And do they match up to your expectations?
If historical exits from your current BB are good enough then I’d stay. Ultimately you’ll be done with banking in next 1.5 years. Seems like you’ve built good rapport and as long as you don’t get pigeonholed even if niche coverage for PE exits then don’t see much EB upside (aside from pay of course)
Exits are mostly Corp dev or they change groups internally (sweaty) but a fair amount go to MM PE. I want UMM/MF
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