Graduate Career Advice - Off-cycle PE Analyst Offer vs Off-cycle IBD (London)
Recently graduated from university with great grades (top in year at a target in hard subject) but no IB offer. Iin (virtual) but did not convert, was in the 35% that did not convert, but they didn't convert any interns in my team as extremely limited availability, most of my work was intern project based which is a bit BS.
Didn't successfully recruit to a good bank FT (managed to get/ ), probably due to over focus on my final year grade at university, however have managed to get an off cycle analyst offer in PE (Cinven / EQT / Carlyle) but unsure if I'll be able to convert it. Also received an offer for off cycle IBD M&A at a tier 2/3 bank ( / Barc / ) which has high conversion.
I am highly likely to take the PE offer as it's a very unique experience and I think it will give me great exposure / network to buy side investing which is my ultimate goal. The firm is also prestigious within London and it was a very competitive process, even taking the no conversion factor into consideration. Most of last year's cohort have gone onto top IBD programmes // PE grad, however most of them converted their internships.
Is it too much of a risk to hope for an opening for a 2022 analyst role at a top bank and take the PE offering? I haven't secured a 2022 grad role yet in IBD, and feel like I've missed some openings. However I know that some of them open at the start of next year / before summer for spaces?
Please let me know your thoughts!