A2A vs. PE
Just wanted to revisit the banking vs. PE discussion and the A2A promotion, given all the changes going on in comp.
For context, I'm currently beginning my 2nd year at a strongand am considering taking the A2A instead of recruiting for PE. All analysts in my group historically have exited for the buyside, but I'm pretty satisfied with my current job. It's not perfect by any stretch, but I like the work and I like the team. The hours are decent too... (normal week is 70-80 as an analyst). Additionally, I was ranked very well in my first year and I'm guessing comp will only get better going forward, should I choose to stay on.
For me, I came in with the mindset of wanting to exit into an investing role, but now I'm not so sure. I feel like the only move that'd be really worth it from a career / prestige standpoint is if I make the move to a solid UMM / MF. I feel like it's hard to justify moving to LMM/MM PE given that I'd be taking a huge paycut (guessing almost ~40% in some cases...) for a culture / job that I'm not even familiar with.
Admittedly, from a senior banking vs. senior PE perspective, I do find PE as the more attractive option (facilitating deals versus actually taking ownership over deals), but at the junior level I can't imagine there's much of a difference.
What is the latest thinking here? How should I approach this decision with on-cycle coming up? Will I be able to make this move after I take the A2A? Figured I'd ask those in PE to see if any of you had been in my shoes and how you made your decision.