Best Path to PE from BB Coverage w/ Outsourced Modeling
I've seen similar threads, but would love some more specific advice.
I'm about to start as an AN1 at a mid-tier BB (think BofA/Citi) in a coverage group that outsources most modeling work. Long-term, I'd like to end up in UMM/large-cap PE.
Curious which path would maximize my chances:
- Recruit directly for 2028 PE associate roles (on- or off-cycle).
- Lateral to an EB or top BB after ~1 year, then recruit for PE.
- Attempt an internal move to M&A before recruiting.
- Something else?
Would appreciate hearing from anyone who has faced a similar decision and how things played out.
Also, on a broader level, should large-cap PE even be the goal? For those who have seen both sides, is UMM/MM PE potentially better from a long-term perspective (carry, upward mobility, lifestyle, etc.)?
Interested in optimizing for both wealth creation and overall career quality over the long run.
Thanks in advance.
No one actually cares if you’re product or coverage. It would look worse to me as an interviewer if you hopped around. Demonstrates lack of commitment. There’s a reason we give folks modeling tests as part of the interview. It’s because some coverage kids know how to model and some product kids don’t.
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