Second-Year Analyst Complacency
I am an analyst at a BB and signed an offer to work at a PE fund starting next August. My group typically sends analysts off around mid June of their second year. Part of it has been WFH / COVID and part has been a lower number of analysts becuase of 2nd years going to PE, but the last 4 months have been BRUTAL. The group typically has a decent culture, but for the many reasons already discussed on this forum, analysts have had it way worse than usual.
Point is - my motivation is at an all-time low. Have had 3+ brutal deals become total busts, and frankly really just dont like the sell-side and am ready to move on. I strategically made sure to target a PE fund with a significantly better W/L balance than banking, and luckily believe that is the case at my new firm. Do I gut it out for another year and earn a good bonus, or should I just coast through and no longer kill myself with work and worrying about putting a good product together. I am on the brink of just saying fuck it and quitting this shitty job altogether, but the allure of a PE job that should improve my W/L substantially is what is keeping me going. Should I quit, reach out to the PE fund, or just gut it out? Any advice from those who have gone through this? Thanks in advance
Would quitting have any effect on eventually jumping to the PE fund? I imagine they want you to have as much experience as possible going in, but obviously I guess that depends on the fund.
Either way congrats on the PE offer and things will eventually work out no matter what decision you make.
That is a good question, I have not reached out to anyone at the fund yet but that is something that I would probably do before pulling the trigger on my 2 weeks. Would you recommend? The worst case outcome is that they not only don't support me quitting / starting early, but also start to view me as a quitter / someone who shies away from challenges. Obviously hard to know exactly how it will get received, but in general I would guess that most people in the banking / banking-adjacent industries have to realize how brutal the last few months have been for anlaysts so I would hope they can at least see where I am coming from.
I feel you. Exactly same position here
How did you source PE funds with goo WLB? Was it through networking with current employees?
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