IB > Corp Dev > IB > PE Associate?


Comments (4)

Feb 6, 2019

Going to Corp Dev doesn't make much sense. If you're really optimizing you'd go Boutique to MM/BB depending on how well you can lateral and then to PE.

At that point, the MFs will be tough but for smaller funds no one really cares too much if you're a few years older if you have good banking experience.

Do 1 year at the boutique, network aggressively to leave, do another 1/2 at a bigger place, and start taking recruiter calls for PE.

    • 1
Feb 6, 2019


Most Helpful
Feb 6, 2019

Have you tried going into LMM or MM PE directly from Corp dev? Depending on the quality of your experience, you could get some looks without doing IB again.

While I can understand why you would want to go back to IB (particularly if the boutique IB / Corp dev exp isn't as technical or deal heavy as you'd like), it's an extra piece of your background that you'll have to weave into your story of "why PE" and the rationale behind your various prior moves. If there's a regional factor (moving between countries), that's usually a good reply. But if they've all been local, then you'll need a story that doesn't come off like you're deciding on roles before considering why you're going for them with a longer term view in mind.

(Though then again, the other day I saw a random LinkedIn profile where, IIRC, someone went from something advisory --> funds/coinvest --> IB --> PE --> IB).

    • 2
Feb 7, 2019