Leaving banking in 1 year to join MM PE firm?

Hello,

Currently 9 months into my banking stint, I recently received an offer to join an MM PE firm (recent fund around 1 billion dollars) as an analyst, with no guarantee of associate promotion. I'm leaning towards not taking it given that I'd be putting all my eggs in one basket (which would be getting the associate promotion), as if I fail to I would essentially be looking again for PE associate roles with an immediate start. Would I be crazy to pass it up?

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