Mid-tier PE vs third year
If one gets a mid-tier PE fund (tier below GTCR, lindsay goldberg, etc.) and isn't 100% happy with the result (would prefer megafund or top MM) is it worth it to take a third year and recruit again? Is it tougher as a third year, or easier since you have an additional year of experience against your peers? If its better to take the offer now, how tough is it to lateral over to a top firm in a year?
If one gets a mid-tier BB (tier below GS TMT, MS M&A, etc.) and isn't 100% happy with the result (would prefer BX R&R or top elite boutique) is it worth it to stay an extra semester and recruit again? Is it tougher as a fifth year, or easier since you have an additional year of experience against your peers? If its better to take the offer now, how tough is it to lateral over to a top firm in a year?
Point taken, but it seems like there are many more analysts who aren't very prepared for recruiting 6 months into the job, get an offer they don't really want, and take it and aren't happy. Couldn't you make the argument that it's better to stay an extra year and get a "name brand" offer for B-school purposes and future optionality?
You will have to explain why you chose not to accept an offer this year. Third years are often viewed as washed up. Which headhunters are going to want to work with you again? Take the offer. Don't be greedy and foolish.
Just FYI (if it helps), headhunters for top MM/megafunds do not work with recent hires (1 year) for at least the analyst/associate levels. Personal experience.
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