Rugpulled on Sr. ASO promote - how to fill a year (or two) before B school?
Out of left field rugged in my LMM seat (like "three weeks ago was told I was part of the firm's future by a partner" rugged). Last month was uneventful so working on learning the story internally but can't lose any time thinking about the future. Feedback was positive and just the standard "no seat" line was given in the rugpull conversation.
I could probably sprint through B school applications for R2 but that seems like a bad plan relative to getting some unique experience for a year or two (plus another at-bat at moving up in case I really like that next role, whatever it is)
From my networking and previous experience I'd probably like anything in finance that isn't banking or buyout post-b school. What would best set me up for both B-school applications and not erode my resume for post-B school roles? Thinking something operational might be interesting - not interested in an ASO lateral since I have already done that.
Go to banking
I would take a beat and avoid mindlessly sprinting into b-school / next role. Assuming they're not pushing you out next week, it's worth doing a bit of self reflection and figure out exactly what you liked / didn't like about PE and where you were strong / weak in the role. Like did you enjoy the portco work that much to want to pursue an opps role? Those roles can be brutally tedious with just as much work and worse comp.
Why do you even want to go to b-school? Just to catch a break or are there actual post-b school positions you have in mind that can't be achieved without the MBA?
Yeah I've got a ton of time thankfully. I liked learning about businesses and what makes them tick really, which I'd hate to give up in a non-investing role.
I have got a ton of mileage out of my undergrad alumni network already and think picking up a second strong one makes a lot of sense, especially as I think I'm going to be in a role where my fellow alumni are my "customers" (credit / secondaries etc.) much more than they are in buyout.
Agree with above post. If you're set on the IB/PE/B school path, it could be interesting to do a finance / M&A (corp dev, FP&A, strategic finance) role at a portco. LMM firms love to say their "operationally involved" so that experience may give you a leg up vs. the traditional finance candidate. Worst case, it's something new and you move on.
If not set, maybe take a long vacation and truly figure out what you want to do. It DOES NOT need to be finance..
Why business school? Just start interviewing / talking for non IB-PE roles now. Unless you want to take a career break and want to party / travel for 2 years. You should also narrow down what exactly you want to do before making a decision. Such as going into corp strategy, VC, etc. since you should already have your eyes sight on an industry.
Finance compute power.
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