Leaving MBB a year before PE offer
I think I am going to get fired from my MBB job (effective end date would be July) due to low utilization and a lack of sponsorship. I have a PE offer for next year and they have told me I have to stay at my firm for it to stand. I have already asked to move it to 2024 but that class is full - realistically what can I do? And if that falls through does anyone have any advice?
Screams McKinsey lmao
One idea - explain your situation and ask if you can do an extended externship. Those jobs are easy to get (you’ll make shit money for a year) and McKinsey will get you off of their payroll beyond maybe health insurance. And they won’t have to officially fire you - esp. if you’re going to a good fund - they don’t want to fuck up the relationship
I wish that were an option but realistically MBBs are bureaucratic enough that they don't make exceptions :/
I've seen similar happen to incoming associates from IB (laid off early, etc.) Ideally, you can hustle in the background to find a bridge role that's semi-relevant to PE (FP&A, corp dev, another consulting gig, etc.). Once you've landed something/in final stages, you should tell the PE firm that (i) you won't be staying at MBB the entire time and (ii) good news, I found something else to bridge the time and here's why it's still relevant to building my skillset ahead of coming to PE. To contrast, you should not hide this from the PE firm and/or hang out for a year doing nothing.
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