Applying to PE as a second year w/o a third year guarantee
So I chose not to recruit my first year, and I'm trying to lock down a third year at my firm. Unfortunately, they don't give guaranteed third year offers until after on-cycle recruiting ends. The head of my team (M&A at an elite boutique) said he'd be willing to pull for me w/ regards to either PE recruiting or a third year during the winter, but I'm curious how this will affect my recruiting chances at upper MM funds.
If I go interview at a fund as a second year without a guaranteed third year offer, just my personal guarantee that I will do banking my third year (and the rec of my senior bankers that I am deserving of a third year at my firm), how do you think this will hurt my chances?