Is one year of banking enough for to start a career in PE?

It’s true that many private equity firms typically expect candidates to have at least two years of experience in investment banking, mainly because this gives you a solid foundation in financial modeling, deal execution, and client management. However, applying after just one year isn’t an automatic disadvantage. Some firms may still consider you if you’ve had strong deal exposure, performed exceptionally well in your role, and have built a solid network.

That said, recruiting for private equity after one year can be more challenging, as many firms prefer candidates who have had more time to develop the skills and experience needed for the transition. But if you’re eager to recruit early, the key will be to position yourself well—highlighting your achievements, any relevant deal experience, and demonstrating that you’re ready for the added responsibilities of private equity.

It’s also helpful to tap into your network, as sometimes a referral or a connection can make all the difference. If you’re proactive, it’s definitely possible to land a PE role with one year of experience, but you might face more competition compared to those with the standard two years. Just make sure you’re fully prepared to make a strong case for why you’re ready to make the jump!