So I'm at a decent boutique/independent (in the MoCo/Perella/Gugg/Qat) vein, where exits from my office are solid but not spectacular. However, the culture at the firm is not great, particularly in middle management, and there seems to be an awful lot of pitch work compared to the execution time I thought I would be getting.
I have pretty solid stats, good relationships with my most frequent teams, and am from a top target, so I don't really see a need to skip recruiting this cycle to lateral elsewhere or push myself back to being a 1Y at another bank. However, the vibe at the bank is such that I am not really feeling staying here for a whole second year. Not overly interested in hedge fund/immediate start PE i.e. Would like to do a second year in banking.
Is it at all possible that someone from a strong background and a PE offer in hand then laterals for just their second year? In effect the new bank would be taking them on as a 1 year "rental", like a hot pitcher at the trade deadline. I haven't heard of any examples of this, but if the bank is a boutique that is ok with people leaving anyway, and the candidate is high-caliber, why wouldn't/doesn't it happen?
If you know for sure that you'll be out the door in a year, why bother switching? That just seems like a waste of your free time. To answer your question, no I don't think many places would hire a 1 year "rental" analyst, at least I wouldn't.
First off, you probably wouldn't be getting a bonus, so you would really only be incentivized to not be fired. I'm not interested in working with someone who isn't directly incentivized by the thought of doubling their base by crushing it. Second, the firm would really only get ~8 solid months out of you. Give you ~2 months to get trained and acclimated to things, and take out the last 2 months where you're only thinking about leaving, and you're only putting in work for about 8 months.
That's just my view though, my bank is more long-term focused with analysts, other banks may see it differently.
See your points, but I can definitely see a guy changing because of good performance/bad culture where he's at. Bumping
So... Guggenheim?
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