Does the shitty midlevel market make you more open to reneging or a short stint?
Lot of MBA buddies I see are going into the LMM or cities they don’t love in their recruiting efforts because the market is so bad that they think it’s a better green flag to get a buyside job than potentially be branded a washout by leaving the industry entirely.
Are people who are contemplating that kind of move more open to “perpetually recruiting” than before? Would you take a dream job with a 3 months’ later start date even if, for example, you had a nearer-term start date with a smaller fund?Would you look to lateral super quickly (talking about 6-9) months even after taking a “lesser” PE rule? I’ve been surprised by comments to this end I’ve heard from some pretty upstanding dudes but the quasi-freeze at the midlevel seems to have people thinking about what’s best for them above all more than they might if there were more seats available.
A lot of people do this all the time. I’m going back to banking and then going to try to lateral to another fund
To add 3 month gap is nothing… there has been people recruiting for the last 9+ months and no mid level from my UMM fund was able to land a lateral job
Curious - did your whole umm fund shut down?
damn is the PE mid level recruiting market that slow?
How did you spin your story to get back into banking? Did it raise any questions?
hows banking recruiting at the associate/vp level? is it slow
There is usually always a need esp as MDs move around a ton during slow markets
What level did you get back into for IB / how many years of experience did you have? Considering a similar move
Bump - pushed out and highly considering this move. Anyone done this before?
Would recruiters or other firms be OK with that "transition" job or is it better to hold out?
Firms won’t care. Headhunters might but if they’ve been useless to date, nabbing a downmarket job won’t make you more attractive in their eyes.
Do you know anyone that is trying to make this move (moved to a new stint but still recruiting)? Feel like it would be difficult but maybe not in todays market…
You’ve got to be pretty retarded or a massive prestige whore if you think leaving an entire industry you enjoy is better than going to an LMM fund to do the exact same shit you’d do at a MM or UMM fund lmao.
Don't think the post is about that, snarky. It's about holding out or limiting a search versus running a more aggressive search with the option to do borderline unethical shit because of the crappy market.
have you gotten back into banking? curious how your process has been IB --> PE --> back to IB?
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