Stay at mid tier bank(top bucket) or move to top 3 bank - VC goal
In my second year analyst role at a mid BB (Barc / WF / RBC / UBS) and came in top bucket. I have the opportunity to join GS / JPM / MS in the same group.
Part of me knows I can cruise here and clip top bucket bonus for second year. Down the line I want to work in venture so I’ll probably have to move to a better name bank…
My thesis: Is there a rush to leave / set plan? I remember when I first started I had such a specific route / deadlines planned but now am taking the approach it might be better to wait for the 3 year to move? Or maybe there are no rules for timing as long as you continuously progress firms?
Based on the most helpful WSO content, here's what you need to consider:
Brand Name and Exit Opportunities: If your long-term goal is venture capital, moving to a top-tier bank like GS, JPM, or MS can significantly enhance your resume. These firms carry more weight in VC recruiting, especially for growth equity or later-stage VC roles, where prestige and deal experience are highly valued.
Timing and Career Progression: There’s no hard rule about when to make the move, but earlier transitions can help you build a stronger foundation. If you wait until your third year, you might risk being seen as more entrenched in banking, which could make pivoting to VC slightly harder. However, staying at your current bank and continuing to perform at a top-bucket level could also demonstrate consistency and reliability.
Networking and Skill Development: Regardless of whether you stay or move, focus on building relationships with VC professionals and gaining relevant deal experience. Venture firms, especially those in growth equity, value candidates with strong technical skills and a track record of working on meaningful transactions.
Cruising vs. Challenging Yourself: While staying at your current bank might feel comfortable, moving to a top-tier bank could push you out of your comfort zone and expose you to more competitive environments, which can be valuable for personal and professional growth.
VC Recruiting Dynamics: Venture capital recruiting, especially for junior roles, is often unstructured and relationship-driven. Having a top-tier bank on your resume can open doors, but networking and demonstrating a genuine interest in venture will be equally critical.
In summary, if you’re confident in your ability to maintain top performance and want to maximize your VC prospects, moving to GS, JPM, or MS could be a smart move. However, if you value stability and feel you can achieve your goals from your current position, staying and continuing to excel is also a valid choice. The key is to keep progressing, building your network, and aligning your experience with the skills VC firms value.
Sources: Tips to stop chasing prestige (and be grateful)?, Private Equity vs. Venture Capital in 2018, Why corporate banking instead of investment banking?, For Those Considering Banking - Some Broad Advice, Stay at Big 4 or jump to boutique?
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