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!

9 Comments
 

Based on previous WSO threads, here are some insights and advice for your situation:

  1. Recruiting for 2026 Roles:

    • It's not uncommon for analysts to start recruiting for roles that begin a year or more after their current program ends. This can provide a buffer period to explore other opportunities or take a break.
  2. Staying in Banking for a 3rd Year:

    • If you land a 2026 role, it is not necessarily expected that you stay in banking for a 3rd year. Many analysts choose to leave after their 2-year program, especially if they do not feel like a cultural fit with their team.
    • Your plan to leave IB at the end of your 2nd year and gain some operating experience or take a break is a viable option. This can be beneficial for personal growth and can also make you a more well-rounded candidate for future roles.
  3. Alternative Paths:

    • Based on the highest ranked content on WSO, many analysts have successfully transitioned to roles in startups, corporate development, or other areas outside of traditional finance after their 2-year stint in IB.
    • For example, one user mentioned transitioning from IB to a startup and then starting their own venture. This path allowed them to gain valuable experience and build a diverse skill set.
  4. Networking and Job Search:

    • Utilize networking tactics and traditional job postings on platforms like LinkedIn to explore opportunities in growth/late-stage VC roles.
    • Engaging with recruiters and leveraging your existing network can also be effective strategies.
  5. Considerations:

    • Ensure that any gap period (e.g., working remote/traveling) is framed positively in your narrative when discussing your career path with potential employers.
    • Highlight how this period contributed to your personal and professional development.

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

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Have growth/late-stage VC firms started 2026 recruiting already? Was told they will go later in the year/next year by HH’s

 

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 

 
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