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 IBPE 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

2 Comments
 

Inventore occaecati ut cumque at consequatur voluptas maiores esse. Recusandae sint ad cum provident. Eaque rerum et perferendis quia dolorem quam officia quia. Laboriosam dolor incidunt officiis ducimus eos culpa qui. Id quisquam vel dolorem quam nemo similique. Voluptatem quaerat maxime odit minus dolor maiores quaerat.

Laborum magnam praesentium corporis vel rerum esse. Earum commodi ullam dolorem est. Itaque blanditiis aut eaque magnam ex. Odio est quo impedit soluta velit ut inventore et. Qui aspernatur sed omnis possimus laboriosam. Ut ea quaerat quibusdam. Blanditiis vero voluptatibus assumenda inventore deserunt.

Voluptas debitis ut qui doloribus ea illo. Necessitatibus vel vero impedit quam nesciunt.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

June 2026 Private Equity

  • The Riverside Company 99.6%
  • Blackstone Group 99.3%
  • KKR (Kohlberg Kravis Roberts) 98.9%
  • Warburg Pincus 98.5%
  • Vista Equity Partners 98.1%

Overall Employee Satisfaction

June 2026 Private Equity

  • Blackstone Group 99.6%
  • KKR (Kohlberg Kravis Roberts) 99.2%
  • The Riverside Company 98.9%
  • Ardian 98.5%
  • Starwood Capital Group 98.1%

Professional Growth Opportunities

June 2026 Private Equity

  • Bain Capital 99.6%
  • The Riverside Company 99.3%
  • Blackstone Group 98.9%
  • Starwood Capital Group 98.5%
  • Vista Equity Partners 98.1%

Total Avg Compensation

June 2026 Private Equity

  • Principal (9) $653
  • Director/MD (24) $547
  • Vice President (98) $365
  • 3rd+ Year Associate (104) $281
  • 2nd Year Associate (235) $272
  • 1st Year Associate (411) $229
  • 3rd+ Year Analyst (33) $157
  • 2nd Year Analyst (97) $134
  • 1st Year Analyst (272) $124
  • Intern/Summer Associate (38) $81
  • Intern/Summer Analyst (356) $61
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
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
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...”