Sourcing/BD → execution in PE — realistic path or pipe dream
Looking for outside perspective, ideally from people who’ve either made this jump or watched others try.
Current situation: I’m in a business development / deal sourcing role at a lower middle market PE fund, outside of NYC. I’ve had ambitions to move into an execution seat — actual deal work (modeling, diligence, structuring), not sourcing/relationship-driven work. I also want to move to NYC, ideally sooner rather than later.
I recently got an offer for an SAE-type sales role at a growth-stage startup, based in NYC, with a significant comp bump (base + OTE well above what I make now, plus equity). It would get me to NYC almost immediately, and it’s the kind of BD-heavy work I’d probably be good at and enjoy day to day.
Here’s my actual question: is the BD-to-execution jump in PE realistic at all without going back for an MBA or lateraling through IB first? Or is that path mostly a fantasy people tell themselves while doing sourcing work? If it’s genuinely a long shot from where I sit, I’d rather just take the sales job, bank the money, get to the city I want to live in, and stop treating “eventually get into execution” as a real plan.
Curious if anyone here has made that jump from a sourcing/BD seat, or has seen it happen — and if so, what it actually took. And if it’s basically not happening without a materially different resume, I’d rather hear that straight than keep chasing it.
Appreciate any honest takes.
To be candid, it’s incredibly unlikely. You don’t have the IB skillset and also coming from LMM so no ability to go downstream with the hopes of a brand name carrying weight.
Would need IB experience but even then sounds like you’d be older and post-MBA path to buyside is still murky / challenging.
If you’re trying to optimize for NY I’d lean toward taking the offer you have in hand.
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