Hey - does anyone have any insight regarding how difficult it is to lateral from a strong MM PE firm/fund (associate) to a MM/LMM as a sr associate/VP? I’m in a “2-and-out” program so I’m thinking through how to move to a “career track” role when my program is up.

I’ve seen associates move from one firm as associate to another as an associate (presumably senior associate)?

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Headhunters, or networking with the firms directly if there’s a specific geography you’re interested in

Thanks, I’m at a NYC MM firm just looking to stay in NYC, and would gladly move downmarket to LMM if needed. I already have relationships with the HHs - just wondering if it’s a tough move to pull off - it’s hard to find data on this because a lot of people decide to leave PE altogether after their 2 year associate stint

Depends how much experience you have. I went from 1 yr experience at LMM to sr. at an LMM (kind of mix LMM / MM at new shop).

I was able to point to a deal where I basically ran it bc VP left for greener pastures partway through.

That makes sense, thanks a lot for outlining this for me

This is possible if you have a good network.

Thanks - sorry what do you mean by if you have a good network? Said differently, I know plenty of people who have moved from junior associate at Fund A -> sr associate at Fund B through just normal recruiting processes via headhunters, im just trying to assess how difficult the process is. I don’t see how network comes into play, I didn’t network my way into my current role

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