Lateraling from IB to more elite IB 5 months in...impacts on recruiting?
Quick insights would be helpful here. I work at a LMM bank ($100-$250mm average deal size). Essentially we are bottom feeders when it comes to deals. An opportunity came across for an immediate start a much more elite bank (we'll call it the best bank just below BB, some groups better than a few BB).
I have been working for 5 months and this new position would essentially bring me back to a day one analyst. Exit opps are 100% better with the name brand that comes with the bank.
Would it be a mistake to lateral right now? Would that raise red flags when I start recruiting for PE? I think it would put me at a huge advantage for on cycle recruiting next year having basically a year of experience over competition. Just not sure how this would look when talking to PE folks/recruiters. I don't want to come across as someone who is a job hoper. Thanks for any insights.
Looks better than your old firm, do it IMO
Is it Jefferies?
do it ASAP. if you feel badly about how it looks for PE then stay at Jefferies for 2 years. you'll realize it was the right move once you've done it
Lol I’d rather dig ditches than work at Jeffries. That place will literally kill you
lol yeah the work environment is rough, but there is no doubt that it'll give a person solid work exp.
Abandon ship
Jefferies is most likely the most horrible place on planet earth.
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