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.
Distinctio ut ullam ipsam sit nihil corrupti ut. Laborum cupiditate laboriosam quis commodi ex.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...