On-Cycle Reclass
Is there any disadvantage to reclassing to the 2026 PE cycle. Given on-cycle could be in a week or two, I’m feeling pretty unprepared for modeling tests etc. I’m a 1st year at a MM bank and young for my class. Other than the obvious potential income loss, why wouldn’t I recruit on-cycle next summer for 2026 roles and stay at my analyst program for 3 years. Wouldn’t I be at an advantage with a year of deal work and plenty of time to prepare? Don’t want to shit the bed with a headhunter or in front of a fund.
Or am I tripping and should grind 48 hours of LBO modeling over the next few days?
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Beyond the obvious “loss” of an extra year, I personally don’t think so. A few people in my fund did 3 years and I don’t think they were disadvantaged.
Are you able to still be eligible if you lateral to a bigger bank from the LMM
Yes - obviously lateraling to a BB from a LMM is an unlikely path in this market so I wouldn't count on that.. but yes if you end up there you are eligible
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I was thinking the same thing - would there be a higher bar for us to clear next year or would the competition be significantly easier? Three years instead of two doesn't sound too bad especially given the third year would likely be as an associate so higher pay/slightly less hours
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