MM PE Analyst - Exit Opps?

I'll keep it short: I'm an analyst at a MM shop in NYC wrapping up my second year (~$3b most recent fund, if that matters). For a variety of reasons, I've decided that my fund is not where I see myself long term and I'm looking to switch streams. 

I realize that banking probably yields more optionality, but what are some positions that would value a 2 year MM analyst stint? Is it possible to lateral to another fund, or would I need to pick up a year or two of IB experience to position myself more favorably for a senior analyst / associate role?

Would appreciate any advice or suggestions you guys might have.

Comments (7)

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Jul 22, 2021 - 1:41am
warren_buffet, what's your opinion? Comment below:

Following. Don't mean to hijack this thread but would like to add a few more questions that might be helpful to those in a similar situation as OP:

Which MM PEs have analysts programs that would offer the greatest upwards mobility to UMM/MF? Do any MM PE analyst programs consistently send analysts to top HF? When would you consider taking top EB/BB over an MM PE analyst program (or vice versa)?

I've also heard PE isn't the place to jump around, does this mean that it's better to start in a top IB group with the intention to move to MF PE than to start in MM PE with the intention to move to MF PE?

An increasing number of students who are interested in investing are choosing to go directly to the buyside nowadays, so it's important that people know how to fairly evaluate and compare buyside vs IB options out of school for their specific goals down the line. Hope this thread helps students in making this tough decision.

  • Investment Analyst in HF - EquityHedge
Jul 23, 2021 - 10:48am

Have had a couple friends in your position. Should be successful interviewing for associate roles at other funds. No problem getting interviews. Obviously make sure your skillset is up to part with people who did IB. Just make sure you can explain how you were involved in deal processes outside of just sourcing - b/c that's what a lot of these roles end up being. 

May 25, 2022 - 4:37pm
financepersonrandom, what's your opinion? Comment below:

Excepturi qui animi ratione laboriosam exercitationem a quia. Temporibus ratione expedita aspernatur ex distinctio.

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