Thoughts on PE Analyst -> PE Associate Track?
I'm currently a second year analyst and an opportunity for a PE shop has come up where I could potentially join as an analyst. I would be giving up my bonus but this will let me explore something completely different and a lot more interesting on the buy-side. One caveat is that this position is heavily sourcing at the analyst stage for 2 years then you will most likely be promoted to an associate.
This fund does some interesting things but isn't one of the most well-known shops like Battery Ventures, etc. Also the thought of having to spend 2 more years being an analyst but spending a majority of my time building up my calling list is a bit concerning to me.
Has anyone done this? If banking is becoming a bit dry at this point (~1.5 years in), should I jump ship and give this a try and try to move up to the associate level in ~2 years at this firm?
Hi sffinance321, don't worry, the WSO Monkey Bot is here.... I'm hoping one of these links will help find your answer:
I hope those threads give you a bit more insight.
Based on the info you've provided, I wouldn't do it. It sounds like a glorified BD role with the title of a"PE Analyst". Based on your other posts, seems like you may be getting fatigued from recruiting. Do not make an irrational decision here as your point on "spending majority of my time building up calling list" is a red flag IMO. Just like your clients get deal fatigue, you are getting recruiting fatigue. Keep hustling, as this does not sound like a good opportunity.
Banking may be a bit "dry", but you should still be learning a ton as you are an analyst, so keep on learning while actively searching. Carefully diligence potential opportunities like you are doing now.
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