Failing upwards (getting fired and moving to better jobs)
I worked in consulting for 3 years before moving over to a UMM PE fund last summer. They didn't know this but I actually got [insert respective MBB term for fired] after failing to get through my spring performance review 2.5 years into the job (and overall did not perform amazingly)
Things are going okay for now but I feel like if/when it starts to go downhill again, I have good experience and am good at interviewing so believe I will be well positioned to just lateral to a Senior Associate/VP role at another firm
My hypothesis is that there are many other people in my position - does anyone have any success stories to share?
My fear is that you only get benefit of the doubt for ~1 year before things go downhill so am not sure how to think about my long-term future but for now the deal team gig is paying the bills
Only just realized my current job reads as consulting - confirming that is not the case but my updated title is not flowing through
also confirming i am an associate and not an analyst
I think you're under-estimating the narrowing of the pyramid at SA/VP and competitiveness of the lateral market.
If you check other threads, there are tons of talented current/former associates (and MBAs) vying for these jobs (with good references), so I wouldn't assume that failing up is remotely easy. MBB >> PE is a very different dynamic and market (given the premature recruiting) than lateral PE.
this is fair but i was also surrounded by a lot of people at mbb who wanted pe offers, failed to get them but are succeeding in consulting. i think that ability to interview well =/= performance on the job. job market def changes things though
Oh totally agree. I’m the first to admit that the correlation between associate interviews and job performance is poor.
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