Hey guys - I am at a UMM PE firm and was previously at a BB (GS / JPM) in IBD. Coming up at the end of my 2+2 next summer. How easy / hard is it to transition back into IB? What is the story I need to tell?
Just want to clip some cash comp for 4-5 years before exiting to a MCOL city for WLB job.
Thanks fam.
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My current director did that (i.e. went from associate in pe to associate in ib for a bit and then vp pretty quickly). dont know how he framed things but shows you it is at least possible
Made a similar move. I think relatively easy to go back to your old firm if you had a good rep / existing relationships. Regardless, 2 years of PE experience should make you pretty marketable if you get the story down.
Happy to PM.
Could you discuss what the interview process was like going back to IB from PE? Any modeling tests?
I think very do-able. Are you still on good ground with your previous group? Would assume they’d like to have you back if you were a good performer
If you do this, what are the odds you can make it back to PE
I did this and have the same mindset. Feel free to PM.
Could you discuss what the interview process was like going back to IB from PE? Any modeling tests?
Did the same -
Like someone mentioned, going back to your bank is the easiest / probably won’t have folks asking you why the switch.
If that route is unavailable, I recommend focusing on networking / applying to Sponsor Groups, LevFin, M&A at sponsor heavy firms.
BB is a good route but you can also make a good case for banks like HW / HL / etc. that just churn out sponsor deals.
Story - PE was great educational experience / training ground, but you prefer the culture (bullpen, fraternal, etc) of banking vs PE + the experience of working on multiple deals vs getting caught in the weeds on one deal or focusing on a portco that’s on fire / long-term career wise your strength lies in developing client relationships vs. being analytical (make sure to highlight that an MD at a bank is more client focused vs. MD in PE that is more focused on the deal)
Best of luck!
Not super common but it's definitely happened. At a NY BB and we have a few who have done exactly that.
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