Accept on-cycle offer and then switch banks for a year?
Currently beginning my second year at a smaller MM shop (which I hate) and have an offer for end of next summer at a PE shop. Have another offer that came in from a BB shop. Thinking I can build my resume with the BB and then get out with my offer for PE a year later. (Not looking to stay in banking.)Can I accept both? Will the PE firm care? Should I tell the PE firm? If so, how would you tell them?Anyone ever accept an on-cycle offer and then switch shops in between? Thanks in advance.
Give the PE firm heads up so they don't assume you were fired
I would ask the PE firm before you do anything - say you think you'll get better experience at the BB in the next year, and still intend on joining them next summer. They will likely be fine with it but definitely need to ask them.
Although I really question the value of moving this late and being at this BB for like.. 6-8 months, by the time you get on board and staffed up you will be leaving. I don't think it adds much value to your resume being there for such a short stint. I would just coast at the MM shop and leave as early as you can for PE next summer.
Curious if the MM is a no name bank would it be a good idea to have the BB name on resume even for 6-8 months?
Yes but it also invites questions about 2 short stints. If you go to the BB I would start ASAP and stay as long as possible until you start PE job - 6 months on resume is basically a pit stop, even if you are leaving for PE
If MBA or moving out of finance is your goal go for it, if you plan to be in MM PE or whatever job you accepted long-term it doesn't really matter
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