Leaving IB for startup before Buyside offer starts?
I'm just entering my 2nd year as an Analyst at a BB and am only now starting to get serious about recruiting (for various reasons, not ideal i know). Seems like there are more opportunities for 2026 now than 2025 - my question is if I recruit for 2026 roles and land one, is it expected I stay in banking for a 3rd year? My bank technically has a 2 year analyst program with 3rd years being for those who intend to stay for A2A, but I really don't feel like I am a cultural fit with my team and want to get out ASAP (even if I am offered a 3rd year, which is not guaranteed, I'd rather not take it). Ideally i'd leave IB at the end of my 2nd year (summer 2025) and get some operating experience at a startup or work remote/travel/whatever for a year until my buyside gig starts (summer 2026). I'm shooting for more growth/late stage VC type roles rather than traditional MF buyout if that makes any difference. Has anyone done something similar or is this not really a viable option? Would love to hear input from anyone who has thought about this. Thanks!
Based on previous WSO threads, here are some insights and advice for your situation:
Recruiting for 2026 Roles:
Staying in Banking for a 3rd Year:
Alternative Paths:
Networking and Job Search:
Considerations:
In summary, your plan to recruit for 2026 roles and potentially leave IB after your 2nd year is feasible and has been successfully executed by others in similar situations. Focus on networking, gaining relevant experience, and clearly articulating your career narrative to make the most of this transition.
Sources: A2A vs Buyside - Should I stay in banking?, Analyst at 27 or head to B school?, https://www.wallstreetoasis.com/forum/private-equity/going-from-mm-investment-bank-to-mega-fund?customgpt=1, Banking -> Startup PM on who SHOULD join IB, Second Year IB Analyst PE Recruiting
Have growth/late-stage VC firms started 2026 recruiting already? Was told they will go later in the year/next year by HH’s
OP here - Haven’t heard anything yet but have been getting buyout inbounds for 2026 and just trying to gauge if it’s even on the table or if I need to land something for 2025 asap
Can you please elaborate on what 2026 inbounds you are getting? been quiet for me
Bump
I've definitely seen people do this, both PE/growth (VC probably more receptive). I've even seen the more "extreme" case of leaving IB 6-12 months before their 2 year analyst stint is over
Just get the offer and then run it by the firm after everything is signed. Worst they can say is no. They won't pull your offer just for asking, but there's a chance they pull your offer if you go behind their back
Definitely need to run it by your PE shop, and it's really firm dependent whether they will allow this. Travel and do whatever for a year, probably not. But work at one of their portcos for a year? That's something firms may find interesting and be willing to work with.
Thanks - Would this typically be an “operating partner” type role or just something in FP&A at the portco? Would comp generally be closer to PE base or portco comp? And in the event they say “no” and I don’t get offered a 3rd year at my bank would they rescind if I worked somewhere else after that?
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