trying to lateral before officially start
So my question is simple:
I am set to start at a respectful MM in July and am thinking of lateral to a larger bank (a BB or EB) after a year or so for better PE opportunities, How do I network with professionals at the said larger bank/group?? More specifically, what do I tell them? I want to go to a better bank because I want to go to a better PE firm down the road? And I am not even starting yet at the MM, and if they know anybody at my MM and tell them, then I am fucked.
How should I phrase my reach out better and in a more acceptable and less risky way? My goal is to establish some relationships prior to my start and then maintain them and then ask down the road.
Thanks!!
Lots of people have the same plan as you. Start the ball rolling and learn about their group, especially if you are trying to lateral to a different group. People leave, get burnt out, move to PE/HF, move to another industry, there are always random spots opening up after month 6 of the first analyst year. Lots of smaller buy-side firms will poach junior bankers in the first year.
Personally, I'm a big fan of staying in the middle market. The top MM PE firms work on more interesting deals vs. the crazy buyouts with MFs. My 2 cents.
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