This is probably going to be more relevant to the older folks here. I am an associate in a bb firm (analyst promote) but also have a non US MBA. I have actually enjoyed the last 4-5 years in banking and am part of a very highly regarded team. However after going through the pains of seeing teams getting butchered in 2009, I am very uncomfortable with the idea of living through that again (note that I am actually not worried about being directly affected yet). I have been testing the market and am likely to get a senior associate type role in a global PE fund.
I am very conflicted about how I should react to an offer, since I actually do enjoy banking and have done well here. I feel like maybe I am overreactimg and should stay put, but part of me feels very worried about the complete lack of security and potentially lower comp in banking going forward.
How should I think about his fairly uncommon choice? I think I will do well in PE and if I were in a slightly lower ranked bank I might have jumped without thinking but well I am in a good team doing good work and getting good recognition so is a jump worth it?
Note: I'm not giving you advice, I'm just curious.
since u enjoy banking have u considered moving to an independent pure advisory shop like lazard, greenhill, pwp, evercore etc instead of PE or staying with your BB? They seem to be a lot more stable than BBs.
did you get an MBA abroad and then get into banking as an analyst? and are you currently working in the US?
as for your situation, if you enjoy banking, and perform in a well regarded group as you say, then if things start to head downhill it seems like you could switch to another banking group or firm. if your group is doing well then security shouldnt be that much of a worry. although if you took the time to interview for pe you must be pretty concerned...
I am actually in Asia and the pe offer came real fast without too much effort. Getting into another team should be ok, but given the markets I don't expect that to be anything less than a 4-5 month process. Would rather not go through that so this is a preemptive strike so to say. Plus I might just be ready to slow down a bit since I got married recently!
Boutique m&a doesnt do very well in Asia because the balance sheet and capital markets support matter more than actual m&a advice
Really just want to know if there are guys out there who have done this and if they help me think through the downsides
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