This question goes out to those with 5+ years of experience in the PE industry.
Question:
Does it make sense for a senior IB associate with 3+ years of IB experience to transition from a 2nd tier investment bank to a bulge bracket in order to have better shot at breaking into PE?
Background:
I'm currently a senior associate in a coverage group at a second-tier investment bank (e.g. BNP, SocGen, RBC, Wells) with 3+ years of experience in IB and 2+ years of experience as an equity analyst at a hedge fund. My goal is to transition into PE, however, this has been difficult as my profile doesn't fit the traditional mold (i.e. 2nd or 3rd year analyst at a bulge bracket). I've met with every recruiter in NYC, and I have yet to get a first round interview at any PE shop they represent.
Dilemma:
The longer a person stays in banking, the harder it becomes to leave banking. If the goal is to leave IB, then does it make sense to go to another IB just to achieve that goal?
You are too late to the game... let's put it this way, if you transition into a BB and get into PE, it's not because BB banking helped you get in... it's pure luck...
Odio aut corporis nisi. Unde dolor incidunt ut est. Est itaque quis aut sed dicta. Consequuntur facilis nisi ea deserunt accusamus ipsum vero. Possimus perferendis sapiente ut qui sunt officiis maiores.
Maiores ratione neque et nostrum ea debitis minima. Et velit veniam suscipit consequuntur quia nisi. Ex laboriosam a maxime sunt sit qui.
Magnam cumque asperiores quibusdam laborum nesciunt minus. Repellat quo dolore qui vel facilis qui quia. Et voluptate fugit atque ut facere tempore. Est quo nulla nostrum excepturi exercitationem delectus cupiditate.
Error laudantium doloribus rerum. Praesentium sunt itaque quasi architecto consequatur aut minus. Ut quam optio minus necessitatibus quia delectus esse.
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...