European Banking to European Private Equity

The usual range is Analyst 2 to Associate 1

Many asso 1 move to megafunds and experience is actually quite valued in LDN, processes are very different from the States where you need to apply 1.5/2 years in advance.

Of course you can also move earlier, and some Asso 2 also make the move though more rare. Above asso 2 becomes more difficult

I agree with Analyst 2 to Associate 1, with the occasional Associate 2 in the mix.

Analyst 3 to Associate 2 are the most common for MF.

I have seen literally every level for family offices' PE arms and smaller funds (in Europe there is always a fine line here, as many small funds are finally controlled by the capital - and industrial network - of 1/5 families). From MDs moving to be partners / head of private investments with focus on decision making and sourcing, to ED/Ds moving to be industry specialist and the "deal process" leaders, to VPs moving to be the "all-rounder juniors" in small offices, etc.

So if you are open to smaller places (which could still easily mean up to 1bn) I wouldn't worry - however it will definitely take time, patience and proactivity.

Thanks for your answers! Definitely helpful.

Unfortunately discouraging for me, since I am going to be an associate from summer on and plan moving to another bank at the same time to get a better brand name for MF recruiting. Moving at the assoc 1 level to a fund would imply that I stay with that bank i might join in summer for

When do you see MBB consultants making the (rare) move? (in Europe)

Before or after the PhD/MBA leave?