Best Route to PE - Stay at MM with good team relationships, or lateral to BB?
I'm currently an analyst at a low-to-mid tier MM (think SocGen, BNP Paribas, etc), hoping to make my way to PE. Buy-side recruiting at my firm is pretty much nonexistent, and very few, if any juniors receive buy-side offers. I'm in a smaller group with consistent deal flow, so the analysts do get transaction experience, but the sample size for previous exits is too small to draw any conclusions. However, the MDs have been very pleased with my work, and I've managed to develop great relationships with all the seniors in my group. While I haven't brought up recruiting to anyone, a few of my MDs have buy-side relationships from earlier in their careers, and have even mentioned that they would support me recruiting if I were to show interest down the line.
Is the support I could get from seniors at my current bank going to be enough to overcome the bank's reputation during recruiting, or am I better off attempting to lateral to a BB/EB? I understand that my resume will be stronger if I lateral, but I also don't want to burn bridges I've built up so far, and even risk getting blacklisted from PE firms, where my old MDs have connections. I've gotten mixed responses from friends recruiting for / currently in PE, some of whom said that a senior's recommendation is more important than the bank you came from, while others said that having a well-known firm on your resume is going to be much more helpful.
Ut dignissimos minus voluptatem non. Culpa aut id quam fuga nesciunt voluptatem explicabo. Deserunt et vero cum cumque iusto.
Repudiandae cupiditate officiis quo officiis rerum. Nemo dolorem inventore occaecati veritatis in et accusantium. Suscipit quae expedita et doloribus voluptatum sed pariatur. Ex facilis ut voluptate nisi sunt ex molestiae quae. Veritatis possimus vitae est sint reiciendis libero.
Mollitia sit qui consequuntur nobis error. Omnis aperiam omnis pariatur ea. Nobis ut aut neque veritatis. Odit officiis et in sed. Molestiae eligendi labore quaerat minima natus est qui corrupti. Est mollitia dolorum ut in cum et.
Nemo id omnis nostrum doloribus. Consequuntur eius ullam aliquid nam sed placeat. Modi provident corrupti accusamus nesciunt recusandae asperiores.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...