Switching Jobs after On-Cycle Offer?

I’m a second year analyst that accepted an on-cycle PE offer for Summer 2024. I was planning on staying a third year, but increasingly want to try something different (either a different industry group or even consulting) before heading to PE. Is it OK to lateral / switch banks while holding a PE offer? Is there any precedent for this

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From the PE firms perspective, probably not since you’ll have completed 2 years in banking at that point. You could always ask if they have needs for you to start in the ‘23 class or work at a portco if you feel like that 3rd year of banking is a waste of time.

The bigger question is what kind of place would hire you for only a year knowing you have a job lined up already? Maybe I’m wrong, but probably not any serious place. Maybe go to DC?

 
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