MFPE Analyst Lateraling / Recruiting
See title - analyst in MF PE looking to lateral for entirely personal reasons (family matters require me to be elsewhere, nothing regarding the firm or job itself).
I recognize this is a “zeroth world issue” and am very fortunate to have a buyout experience post-grad, but now just at a crossroads on whether leaving is possible (pretty much all analysts across all groups take the associate promotion after 2 years):
1) I am not sure if I can be picky here, but I would strongly prefer to keep an MF brand (and not go “downstream”), at least in this stage of my career — how realistic is this?
2) How does recruiting work? It’s technically lateral recruiting, but I’m still an analyst? Or should I undertake the on/off-cycle opportunities/processes just like my IB friends?
3) Most importantly - am I at an advantage or disadvantage with the MFPE analyst background? :
I am obviously not the standard IB prospect (99% of the other candidates recruiting), so a unique candidate nonetheless.
But does this make me more (or less) attractive to HHs/PE firms since I am IN that role already (working through full PE deal processes, going to IC, working with PortCos, etc.)? That is, (returning to my point #1) - would it make sense to guide/tell HHs I’m only interested in MF looks (don’t think I would leave otherwise), knowing that worst case, I stay at my current firm and continue building PE deal experience, reps, and promotions (vs. my IB friends who struck out and are now IB Associates/stuck in IB without “PE credit” if that makes sense).
Appreciate any advice in general or from those who have been in a similar situation.
Bump
Del
Del
It should be very easy to recruit either on cycle or off cycle. Just tell recruiters that you want to move closer to your family.
Thanks.
Do you have an input on the “pickiness” part?
It feels like I will be forced to choose between my family and my career (may be an exaggeration, but I’m young and naive, so cut me some slack lol)
But will I be able to be so direct to HHs in the sense of “only megafunds or I will not be moving”, given I am in said MF seat (for reference, my hometown has a large PE presence, not like I will be requesting MF roles in only Portland or something)?
Bump - in a similar scenario with my firm
Not exactly sure, since this is from an analyst perspective.
However, I believe for associates, the lateral process from a large/brand name firm to another one is much easier (relative to IB or a smaller firm).
Would love to hear any actual insights here though, also curious
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