Growth Equity after <1 year of banking or do 2 years?
Considering growth equity as it looks like it suits personality more, but still open minded to traditional buyout PE. Noticed that most GE firms only do Analyst tracks and associate pathways are largely post-MBAs. Is it worth taking an Analyst role at a GE fund after 1 year of banking vs. sticking it out a 2nd year and trying for an Associate role?
Additionally, any commentary on PE vs GE is welcomed as well.
Considering your situation and the insights from the WSO dataset, here's a strategic approach to your query about transitioning into Growth Equity (GE) versus staying in banking for a second year, and the comparison between Private Equity (PE) and GE:
Timing for Transition to GE: The decision to move into a GE fund after less than a year in banking versus staying for a second year largely depends on your career goals and the opportunities available to you. Given that most GE firms offer Analyst tracks with associate pathways largely reserved for post-MBAs, gaining more experience in banking could enhance your skill set, making you a more competitive candidate for these roles. However, if you have a compelling opportunity in GE that aligns with your career aspirations and personality, it might be worth considering the transition sooner.
GE vs. PE:
Strategic Consideration: If you're genuinely interested in GE due to its focus on operational improvements and direct impact on businesses, it's crucial to weigh the benefits of gaining additional experience and skills in banking against the opportunity to start in GE sooner. Networking with professionals in both fields and seeking mentorship can provide valuable insights tailored to your specific interests and career aspirations.
In summary, your decision should align with your career objectives, the value you place on the experience gained in banking, and the opportunities available in GE. Both paths offer unique experiences and learning opportunities, so consider what aligns best with your personal and professional growth.
Sources: Post MBA-Associate Roles: As bad as People Say?, A Note to All of You Getting Ready for On-Cycle, Role of a Growth Equity Associate, A2A - what has been your experience ?, Second Year IB Analyst PE Recruiting
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