2nd year BO/ MO/quasi FO rotational analyst moving to IBD: Should I ask for 2nd year analyst status?
Hi-- I'm an analyst soon to graduate from a BO/ MO/quasi FO rotational program from a top BB that emphasizes experience cross-LOB (IB, AM, etc). I've worked hard, impressed my teams, and chosen my rotations strategically in such a way that when I realized I wanted to move to FO 6 months ago, I did it pretty easily having been given an offer to join this BB's IBD program, which I'm extremely excited about. It seems I've been selected because of my experience in the IB prior on desks with product knowledge closely related to what I'd need to have for this role, as well as having more experience with deck compilations and working with clients than the other candidates.
The thing is that taking this job means I'd be a 1st year analyst again-- an analyst for another 3 years, so 5 years total. In my BB, I've known of people transitioning out from this rotational program after a year, going to the Private Bank/ Asset Management program, and negotiating for 2nd year analyst status. Does anyone think it's worth asking if there could be a similar possibility for the IB program? I'd rather be a 2nd year analyst so that the work I've done in the past doesn't seem for naught, but I don't want to rub HR, or my future team, the wrong way by asking given they did advertise for a 1st year, after all. Is it even worth it? I'm simply happy I have the offer given how awesome it is, and feel a little guilty about worrying about the extra years, but I'm having difficulty signing the offer letter knowing I won't get to be an associate for another 3 years and would be MUCH more comfortable if I knew I had a chance at making associate after 2. Some perspective would be great...thoughts?