I missed the 2027 window, what do I do now?
I’m a sophomore at a very non-target school. Was fortunate enough to land an internship at one of the best LMM’s in the country but I think I missed the window on making it into a BB which was the goal. I’m not sure whether I should stay in the LMM for my junior year or find an alternative role I can use to find a way in(com banking, consulting, etc). Have also thought about transferring to a school with a better alumni network but not sure if it’s worth it getting there, my junior year. Any advice would be greatly appreciated.
Based on the most helpful WSO content, here’s what you need to consider:
Evaluate the LMM Internship Opportunity:
Landing an internship at one of the best LMMs is a strong achievement, even from a non-target school. LMM PE can provide you with a solid skillset, operational exposure, and a chance to build meaningful relationships with executives. If the firm has a good track record and culture, staying for your junior year could be a great move. Many professionals in WSO threads highlight that LMM PE can still lead to lucrative careers and even transitions to other industries or roles.
Transferring Schools:
Transferring to a school with a stronger alumni network could help you break into BB or other prestigious roles. However, it’s important to weigh the pros and cons:
If you’re considering transferring, aim for schools like UMich or UNC, which have been mentioned as attainable for students in similar situations.
Alternative Roles:
If your ultimate goal is to break into BB, exploring roles in commercial banking, consulting, or other finance-related fields could be a viable path. These roles can help you build transferable skills and position yourself for lateral moves into BB or other prestigious firms later.
Networking:
Regardless of your decision, networking is critical. Continue to build relationships with professionals in BB, UMM, and other target firms. Use LinkedIn, alumni connections, and cold outreach to expand your network. Many WSO users emphasize that networking can sometimes outweigh the prestige of your school or current role.
Long-Term Perspective:
Remember, it’s not “dumb” to stay in LMM PE if it aligns with your career goals and lifestyle preferences. As highlighted in WSO threads, LMM PE professionals often enjoy better work-life balance and still earn significantly more than most people outside of high finance. If you’re happy with the work and see a path to growth, it’s a solid option.
Ultimately, the decision depends on your long-term goals. If breaking into BB is non-negotiable, transferring or exploring alternative roles might be worth the risk. However, if you value the experience and potential at your current LMM, staying could be a smart move.
Sources: Is it dumb to exit to LMM PE rather than starting in bigger (MF/UMM) opportunities first?, Liberal Arts Undergrads: A few tips to land THE internship, LMM is underrated, Liberal Arts Undergrads: A few tips to land THE internship
Bump
I think you’re doing great, you have your foot in the door which is a good step in the right direction. If you are just starting now for BB’s SA27 most have wrapped up R1’s and closed apps for the most part, best bet is to re recruit full time. And warm up those contacts in jr spring
If you really want it, delay your graduation a half year to utilize that would-be senior summer.
do you think a transfer would be worth it? My school has one alum who made a top 20 and he graduated last year.
Made a top 20 as in top 20 college? I am confused what you mean exactly. If you can transfer into a better school and the logistics make sense then why not?
Bump, end of Feb had 3 Sds no offers.
What do u think ur plan is now? I also have no offers so far. I lowk don't know what to do now.
Is turning to the LMM an option? If so I'd stick with the LMM shop. You have the experience and can always lateral later
What LMM’s are there?
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