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I did a networking chat with an alum who did this somewhat recently. Went from large cap PE to banking and seemed really happy with the decision 

Makes me think a bit more about trying out PE

 
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Couple dudes at my EB did this, neither was given credit for their prior experience. One was two years IB analyst / 2 years corp dev, the other was 2 years IB / 2 years PE at a pretty well known MM shop. Neither of them really got any credit for their previous roles, as they both entered as MBA associates in the same class as their peers. FWIW, they were both well ahead of the game in terms of technical acumen / skills and great at their jobs, but they didn't get any sort of early promotion.. 

 

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