As this is the time of the year that many first years get into the swing of PE recruiting and begin to meet with headhunters, I've been wondering about the implications of getting a PE offer some time in the next few months, but subsequently getting laid off before your official PE start date. Would your future PE employer expect you to find another IB gig for the remainder of the two year analyst program? Or would they revoke your offer?
Trending Content
| +145 | Is my life over after not getting GS? | 33 | 13h | |
| +75 | Best IB group on the Street | 36 | 6h | |
| +68 | Thoughts and tips on how to speak like an investment banker. | 25 | 1d | |
| +58 | BIG FOUR ARE PARADISE | 15 | 1d | |
| +49 | Tell me one good reason why Jefferies isn’t going to be a top bank in the next 5 years | 23 | 1d | |
| +39 | UBS Outlook | 28 | 2d | |
| +36 | How to deal with egotistical team? | 6 | 4d | |
| +28 | Got RBC offer but I have cold feet accepting. | 34 | 1d | |
| +26 | Very ridiculous interview feedback | 13 | 23h | |
| +26 | Why Is It Called Investment Banking? | 8 | 18h |
Career Resources
This would have to depend on situation. Presumably, you get laid off for budget cut reasons, in which case your PE firm would likely be understanding. If you were good enough to get a PE offer, can't see why you would get laid off for any performance reason...
^ The assumption above premised upon that either being laid off or getting into PE is directly related to your abilities as an analyst - an assumption that is not entirely true in either case, and certainly not always true as far as both cases relate to each other.
This exact thing happened to a friend of mine. Got an offer at a megafund in March and got laid off in September. He collected severance, unemployment benefits, took vacation, and is starting early at the megafund this month. Pretty sweet deal if you ask me, but I bet that's not always the case.
Yeah, happened last year. Someone from a major HH freaked out when one of the analysts she placed at a PE firm got canned. Real bitch move on her part to throw a fit like that, and it seemed she was out to make sure the kid was replaced with a "better" candidate.
So what happened?
Rerum aspernatur recusandae rerum accusantium. Totam eum maiores voluptatem voluptatem et perspiciatis sint quo. Saepe facilis voluptas sequi sit magnam rem.
Aut cupiditate iure eos unde. Libero minima rerum nihil officiis blanditiis dolor repudiandae. Atque suscipit est vero ut quidem maiores.
Provident et illo doloribus ut possimus optio omnis rerum. Non reiciendis dolores corrupti necessitatibus rem rerum corporis. Culpa facilis eligendi libero saepe. A qui quam et officia suscipit quasi.
Eaque nesciunt sint sit id quia. Rerum deserunt aut magni. Perferendis deserunt architecto perferendis voluptate. Sit autem ducimus omnis harum mollitia.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...