Bad idea to talk with my SA bank’s private equity arm?
I will be interning at a bank in summer 2022 in IB. The bank also has a PE arm which takes FT analysts. Would it be a bad idea to talk with the PE guys? My worry is that the IB arm may find out and not like that and I wouldn’t get a return offer.
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Once you’re in the summer role, get a feel for how your firm talks about internal mobility. Some highly encourage that you talk to as many people as possible within the firm. If you do a good job as a summer analyst and are well liked by your managers, you can express interest in the PE arm and maybe they can help give you a warm intro. I did this during my summer stint and ended up transferring groups to the one I networked with. Ultimately, it depends on the culture of your firm and how you are perceived by those you work with. These will determine the reaction they’ll have if you want to try a different arm out. On a similar note, if you show that you’re a top performer, they’ll want to keep you in house rather than lose you to another bank/PE firm.
They're looking for an off cycle analyst, and I'd have to send my resume in now if I was interested, so you think that I should just not and wait?
I may be misunderstanding but are you saying they are recruiting off-cycle for an FT position? If for SA, talk to your recruiter if you were connected w one and see what the possibilities are. If you already accepted and signed your SA offer, your best bet is to be transparent with the hiring/program managers and see if there is an opportunity for you. If you are covertly reaching out to other groups and the one you’ll intern with finds out, that’s not a good look. Transparency wins
I assume that position is for people who have already graduated or will graduate by then, rather than an internship?
Also, agree with the other commenter about being transparent. I would definitely find it odd if the intern/incoming intern was applying to other parts of the same bank without telling anyone
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