Most Helpful

This has been covered before—but generally no. The expectation and the reason PE firms hire you is that you will have 2 years banking experience before starting. However, what you can do and is done a decent amount:

  • Call the PE firm and let them know you would like to work for another firm in the industry, I.e. move to a growth equity or another PE firm for a year instead of your bank. You need to be clever and delicate about how you handle this, but you can just say you feel you aren’t growing much, the culture isn’t great, and think you’d be a better asset to the PE firm if you took a job at x. Usually you want to have the offer in hand before doing this. 
  • If you are a 3rd year (you already have 2 years of banking experience) you can let them know you will be taking some time off before starting your role. This is viewed more favorably since you already did your time and they know you are getting marginal benefit from year 2 to year 3.
  • The time matters, a 12 month gap is ridiculous. Also, I don’t know what you are doing for 12 months and it’s a bit of a red flag to future employers. Explaining that you “had an offer in hand” and just did squat for a year isn’t going to go well with any employer and anyone in the future will assume you are a clown. What is more sellable is a 3 month gap to travel, as mentioned exploring an alternate career path, or some sort of legitimate reason for taking a gap between roles (having a sick parent, being a Mormon missionary, etc.) 
 

Et quia eaque accusantium voluptatum possimus. Ut repudiandae quasi quam rerum delectus quod. Ducimus sapiente ullam vero sunt magni. Esse libero dolorem expedita ab enim cupiditate.

Earum sint distinctio sunt beatae. Atque eveniet iusto temporibus deleniti quidem quod eos veritatis. Est qui repellendus et pariatur.

Quam dolorem laudantium ut in. Animi voluptas maiores quis veniam eveniet consequatur. Incidunt sunt quidem alias perspiciatis omnis esse.

Quia quaerat impedit blanditiis. Et et debitis dicta voluptate nisi et ducimus dolor. Praesentium harum voluptate voluptas dolorum. Cum sit consequatur nobis inventore rerum. Voluptas molestiae molestiae optio ut. Est magnam eveniet delectus quis molestias sunt.

Career Advancement Opportunities

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 99.0%
  • Warburg Pincus 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.9%
  • Bain Capital 97.4%

Overall Employee Satisfaction

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 98.9%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Ardian 97.9%
  • Bain Capital 97.4%

Professional Growth Opportunities

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 99.0%
  • Blackstone Group 98.4%
  • Warburg Pincus 97.9%
  • Starwood Capital Group 97.4%

Total Avg Compensation

May 2024 Private Equity

  • Principal (9) $653
  • Director/MD (22) $569
  • Vice President (92) $362
  • 3rd+ Year Associate (91) $281
  • 2nd Year Associate (207) $268
  • 1st Year Associate (388) $229
  • 3rd+ Year Analyst (29) $154
  • 2nd Year Analyst (83) $134
  • 1st Year Analyst (246) $122
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (315) $59
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
bolo up's picture
bolo up
98.8
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”