dumb mistake dictating my next 4+ years, any insights are helpful
Hey monkeys- I went through placement at GS but it got bungled and I placed in Real Estate Banking. Hoped to switch at summers end, but wasn't an option (group doesn't know I requested transfer). Feeling regret that I'll be stuck in a niche group I'm not interested in for the next 2 years. Not to mention it will rule out my shot at a traditional buyout role at a MF. Here are my options:
- Re recruit before summer and if successful, renege
- Cons: current offer rescinded if word gets out I'm recruiting; wasted prep time for PE recruiting if re recruiting doesn't work; will burn bridges
- Transfer internally- there is a potential 2nd placement process depending on headcount
- Cons: don't know which groups will have opening ATM; transfer unlikely to be approved given my REIB group is understaffed; why start off on the wrong footing with my group saying I want to transfer, knowing they likely wouldn't approve
- Do 2 years of REIB and hope that some traditional buyout funds are willing to take a look at my resume; maybe lateral halfway
- Pro: don't risk losing my current offer; still have prestige name even if in RE
Do your 2 years crush it. Request internal transfer to top group and then recruit for PE. Happens all the time there
how did it get bungled?
The only dumb mistake is your group hiring you instead of someone who would actually appreciate getting one of the best jobs you can get out of college at one of the top banks in a great group.
Just show the group this post and the mistake should correct itself.
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