IB Analyst -> Associate -> PE - is it possible?
As the title alludes, I’m wondering what recruiting looks like for people who did two years as an IB analyst, stayed on as an associate, but decided they wanted to do PE later. What do the options look like? Let’s say I wanted to give banking its fair shout before trying out PE, or I wanted to further hone my technical skills, or wanted a little bit more “managerial” experience before moving on.
There’s a lot of content on this for people who do post-MBA associate. But that’s not what I’m looking for here.
Yes, possible. Depending on what type of fund, it is likely to be a "harder" path but if you look at linkedin, it's not super uncommon. You may have to look at LMM firms that have less rigid processes and recruit on an as-needed basis.
Yes, have this seen this happen all the time. Generally at LMM funds that have less structured recruiting, but have seen it happen at bigger funds ($1-2B+ most recent fund) also
100% possible, though will still need to come in as a pre-MBA associate with no seniority changes. Would be good if you didn't do on-cycle a couple years earlier as well.
Your probably beat target would be doing off-cycle recruiting for funds normally in your firms strike zone as waiting another 1.75 years doesn't seem conducive if you are recruiting as an A2A promote. May also depend on where you did your analyst years (ie; A2A GS TMT is very different than 2 years no name boutique -> Barclays associate or something).
Though how many years out we talking? Like you are already 4 years in for banking?
Easiest path I saw for ppl doing this was HBS or GSB getting an internship while in MBA then converting.
Other than that I’ve seen it happen, but as everyone mentioned offcycle is your best bet. But like everything off the traditional path it’s possible you just have to put a decent amount of effort to make it happen. Networking is always huge for things like this
Definitely possible. Harder the longer you stay as an associate, but if you try to leave after a year or two should be feasible.
Ut amet a nobis doloremque. Tenetur quis dicta beatae quas ullam eius est. Aut dolores eos dicta natus tenetur at. Officiis iure aut quas aut nihil sunt.
Ut adipisci consequatur expedita vero. Voluptas voluptatem est delectus illum placeat velit. Eos vel maiores quo commodi nesciunt ipsam eaque ea. Minima veniam quia aliquid id repellat voluptas.
Quasi magni dolorem ex rerum et harum. Aut non debitis hic dolores fuga voluptates neque.
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...