What would you do in this situation? Lateral? Stick it out?
Hi everyone — I’m an incoming IB analyst at a mid-tier bank (RBC/WF/RJ). I’m interested in UMM/MF PE recruiting, but coming from a large state school (3.7 gpa) and a mid-tier bank, I know my odds aren’t great.I was always more interested in PE than IB. I interned at two small LMM regional PE shops and enjoyed the work far more than my IB internship. I tried recruiting directly for PE Sa roles but came up short — likely due to a weaker profile vs. targets and average interview skills at the time. Many firms didn’t even look at my resume, which I understand. Feeling defeated, I pivoted to the traditional IB → PE path.Because I wasn’t that interested in IB and didn’t network as hard, I took the first offer I received. In hindsight, I probably should’ve waited — I was still in multiple BB/EB processes — but I was advised to lock something in early. Now I’m in a role I am dont see myself long term in. I know this can sound ungrateful, and I get why people say I should be thankful, but I still have long-term goals I want to pursue.At this point, I feel like my main option is lateraling to a BB/EB. When should I start networking for that, and how should I approach it? In networking calls, is it a bad idea to be upfront about wanting to lateral? Is there a broader strategy I should be following to eventually break into UMM/MF? Would it make sense to be doing something else this summer to improve my chances?
Appreciate any advice
Any helpful insight would be appreciated
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