Lateral from BB to EB after signing PE offer
Will be starting in a top BB group that places well into PE which is my goal, but I've always been a bigger fan of EB model (i.e. owning the entire process start to finish, leaner deal teams, higher pay, generally better cultures). Not sure how early on-cycle recruiting will kick off this year (has it even begun for 2020 class?), but assuming it reverts to a pre-COVID schedule, would it be possible to lateral banks after signing a PE offer?
For example, my timeline would look something like this:
August 2021 - hit the desk at BB
October 2021 - on cycle kicks off and I sign a buy-side offer
January/February 2022 - lateral to EB
mid 2023 - start at PE firm
I imagine the PE firm wouldn't really have a problem with it, assuming I disclose everything to them, but how would the lateral process work? Would I even be able to move banks given I've already signed an offer elsewhere or would I have to disclose that?
Also, if PE recruiting starts later (like January 2022) would switching firms be viewed negatively? My group does a lot of M&A volume, so I should have at least 1-2 closed deals by that point, but at the BB.
And is it even worth it to think about switching firms? My view is that this is 2 years of my life so I should optimize for the best overall experience, but do I just have a grass-is-greener mentality about this? Can anyone who has made the jump opine? Thanks
This is the stupidest thing i've ever read.
What’s stupid about it? He wants to maximize comp and experiences during his 2 years.
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