What are my options? - Spent a year with the M&A group

i spent a year with the m&a group of a middle market shop. and recently lateraled to a bulge bracket (think, MS, Lehman and JPM). because it was a lateral move into a bulge bracket, i am forced to repeat my first year. though i believe my responsibilities have been on par with that of a second year as my group has no real first year analysts. i am thinking about staying with the current bank for a year for a total of 2 years as an analyst...

now i know i probably wont have a great shot at PE. what are my viable options?

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