MM/UMM PE Analyst Exits
Hi all, I'm an incoming summer 2022 analyst at a MM/UMM PE firm that is not in NYC (think Audax/Charlesbank/GoldenGate/BDT//etc). My goal is to join a MF PE associate program (please, no lectures/comments on why I'm prestige chasing). I'm thinking about trying to lateral FT to a top IB group ( , MS M&A/MC, EVR, PJT, CVP, etc.) and am wondering whether that is a good idea / better way of reaching my goal.
I was wondering what the difficulty of on-cycle MF PE recruiting is for someone in my situation. My questions/concerns are as follows.
1: How difficult is it internally to tell your boss you're going to do on-cycle recruiting 3-6 months into your job (given how early on-cycle is happening)? Assume I will fulfill the analyst commitment I have made to my firm.
2: Post-COVID, will location be a huge barrier while recruiting? Will PE firms be comfortable with conducting all of my interviews remotely or will I have to fly out at the last minute?
3: Are analysts in the groups that I listed above considered to be stronger/weaker candidates than the IB groups I listed above?
There's not a lot of information out there regarding this so would appreciate a perspective from someone who is a current/former MM/UMM PE analyst. Thank you!