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 - Investment Banking Forum
| +269 | Earliest you can get fired | 58 | 11h |
| +251 | UBS’s M&A BANKERS ARE DOING TERRIBLY. $200M EXTRA IS BEING CUT | 47 | 15h |
| +238 | Investment Banking is Divine | 40 | 7h |
| +223 | Career Crossroads | 31 | 1d |
| +213 | US 2027 SA IB worried about background check | 53 | 4h |
| +206 | Analyst: Why is UBS IB doing worse than peers?, UBS CFO: No Comment | 41 | 1d |
| +204 | Another $115bn Mega deal for these banks. Congrats! | 45 | 8h |
| +122 | Is UBS really that bad? | 38 | 6h |
| +39 | Is Houston SA 28 recruiting already over? | 33 | 9h |
| +26 | 2026-27 IB Energy Top Banks | 8 | 10h |
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?
Excepturi quia nesciunt pariatur at nobis. Veniam omnis similique aliquam quibusdam. Placeat temporibus adipisci eos odit. Libero quam et ut est.
Accusantium minus occaecati sunt quia. Et est velit ea molestiae ex veritatis eaque. Possimus facere reiciendis odio voluptatem similique sint.
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...