Lateral out of JPM for PE recruiting?
I am an incoming analyst at JPM with an opportunity to move to a lower-tier BB. I am interested in PE and was planning on doing off-cycle within the first year. Now with Jamie Dimon's new rule prohibiting PE recruiting for 18 months, should I make the switch? FWIW my JPM group's exits has historically been stronger than the other firm's.
No. Don’t loose your head, stay at JPM & give it a year.
Speak to ex JPM PE assos and see what their funds are saying about Dimon’s descision.
There will always be a spot for JPM analyst at top PE funds, it’s just a matter of the mechanism for how that happens which has briefly been changed/is up in the air.
Worst comes to worst, you lateral after a year and go from there.
Not OP. I think it depends on how strong the other bank's group is. If it's a BofA M&A/Citi Industrials with a strong history of exits, it may be worth considering. However, majority of cases the JPM group is better. And I believe PE firms would be more inclined to take an experienced JPM analyst than a fresh grad coming from Citi HC for their associate class.
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