1st Year PE Associate - Lateral to Sr Associate / Associate or MBA?

I'm coming up on the end of my first year as a generalist associate at a LMM fund and am deciding between MBA or looking to lateral to another LMM as a senior associate or associate with promote-track at another LMM or MM once I finish my two-year program. My fund has a history of pushing folks to get their MBA.

Does anyone have a sense of how realistic it would be to recruit laterally without an MBA? 

 

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