Career / Life Crossroads

Current 2nd year PE associate at a MM firm in a T1 city. I’ve been in a bit of a slump personally / professionally and am trying to figure out what I should do next.

I’ve been at the firm for 4 years now and have generally enjoyed it. WLB and comp have been good for the most part, I’m generally well liked across the senior team and I have a clear path to VP (no SA title). The firm has been doing ok as well and I’m not particularly worried about it imploding anytime soon.

That said, I didn’t go to a good undergrad and don’t have the strongest social life or professional network. I'm at a point where I want to make a change and ideally improve both of those things. The main options I see are:

  1. MBA: Could help with social life and expanding my professional network but would mean leaving a firm I’m pretty happy at and where I have good upward mobility. Getting back into PE post MBA could also be difficult and I’d be giving up several years of comp
  2. Move upmarket: A lot of people in my associate class have been moving to MFs like Apollo / CD&R. This has never appealed to me that much given that I genuinely like my current firm, but moving upmarket could help with the name brand and potentially open up more doors down the road
  3. Stay at my current firm: Focus on building more of a social life and professional network through hobbies and more deliberate networking while continuing to perform well and move up at my current firm. Obviously easier said than done

Would be interested in how others would think about this and whether there are other paths I should be considering.

5 Comments
 

Based on the most helpful WSO content, here’s how you might approach your crossroads:

1. Pursuing an MBA

  • Pros:
    • An MBA, especially from a top program (M7), can significantly enhance your professional network and social life. It provides access to a robust alumni network, case studies, and opportunities to connect with senior professionals.
    • It offers optionality: If you decide to pivot industries or roles, the MBA branding and network can help you slot into high-paying corporate, consulting, or finance roles.
    • It’s a chance to reset and diversify your network, which could be valuable given your concerns about your current social and professional circles.
  • Cons:

    • Leaving a firm where you’re well-liked and have a clear path to VP is a significant trade-off.
    • Re-entering PE post-MBA can be challenging, especially if you’re not targeting mega-funds or don’t have a strong pre-MBA brand.
    • The opportunity cost (lost comp + tuition) is substantial, and you’d need to weigh whether the long-term benefits justify it.

    Key Consideration: If you’re leaning toward an MBA, focus on networking with alumni from top programs to understand how they leveraged their degrees. Also, consider whether you’d use the MBA to pivot industries or roles, as this could make the investment more worthwhile.

2. Moving Upmarket

  • Pros:
    • Joining a mega-fund (MF) like Apollo or CD&R could enhance your resume with a prestigious name, opening doors to broader opportunities in the future (e.g., corporate leadership, family offices, or top-tier PE roles).
    • It could provide exposure to larger deals and a more competitive environment, which might accelerate your professional growth.
  • Cons:

    • You’ve mentioned that you genuinely like your current firm, and moving upmarket might not align with your personal preferences or work-life balance.
    • The culture and expectations at MFs can be intense, and the transition might not necessarily improve your personal or professional satisfaction.

    Key Consideration: If you’re considering this route, speak with peers who’ve made the jump to understand the day-to-day realities and whether the trade-offs align with your goals.

3. Staying at Your Current Firm

  • Pros:
    • You’re already in a strong position with good WLB, comp, and upward mobility. Staying allows you to build on this foundation without the risks of starting over.
    • You can focus on improving your social life and professional network outside of work. For example:
      • Networking: Use deliberate strategies like coffee chats with senior professionals, attending industry events, and leveraging LinkedIn to connect with alumni or peers in your city.
      • Hobbies: Join clubs, sports leagues, or other social groups to expand your personal network.
  • Cons:

    • Building a network outside of an MBA or a brand-name firm can be slower and requires consistent effort.
    • You might feel like you’re missing out on the optionality or prestige that an MBA or MF role could provide.

    Key Consideration: If you choose this path, set clear goals for networking and personal growth. For example, allocate specific days for networking or join professional organizations to expand your reach.

4. Other Paths to Consider

  • Corporate Strategy or Development: Transitioning to a corporate strategy or development role at a respected firm could provide a mix of stability, networking opportunities, and a new challenge without the intensity of MFs or the cost of an MBA.
  • Entrepreneurship: If you have an entrepreneurial itch, this could be a chance to explore it. However, it’s a high-risk, high-reward path and might not align with your current goals.
  • Lateral Move to Another MM Firm: If you’re looking for a change without the intensity of MFs, consider a lateral move to another MM firm with a strong reputation. This could provide a fresh start while maintaining a similar work environment.

Final Thoughts

Your decision ultimately depends on your priorities. If building a network and social life is your primary goal, an MBA might be the most direct route. However, if you value stability and upward mobility, staying at your current firm while deliberately expanding your network could be a more balanced approach. Moving upmarket is a viable option but seems less aligned with your personal preferences.

Take time to reflect on what matters most to you—prestige, optionality, stability, or personal growth—and let that guide your next steps.

Sources: Don't Throw Away Your Shot - Networking with Senior Professionals as an MBA, Am I Thinking About an MBA Wrong?, Don't Throw Away Your Shot - Networking with Senior Professionals as an MBA

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
Most Helpful

I’d say stay at your current gig. Best way to have more time for life and socializing is leverage - get promoted and become a reviewer instead of a maker. Your life gets multi-fold better.

MBA is fun, but your career track sounds solid, and I think you’d have a great two years but struggle to hop back in where you left off from a tier/momentum/seat perspective in the broader industry, unless your existing firm is willing to take you back. 

 

Agree with guy above. Forget this prestige nonsense - those guys at the MFs have shit lifestyles. I’d suggest saving the money you’d pay for an MBA and just go join some clubs / sports leagues. Eg if you’re in NY try to join a kickball league or something.

The MBA to gain friends is an interesting angle but don’t think it’s worth your current career trajectory and the extra risk 2 years down the line of not finding a job / as good a role.

 

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