Out of curiosity, what banks are you all aware of that generally promote analysts to associate after two years, as opposed to the normal 3. So far, I've only heard of Lazard and GS. Any other major banks that do this?
Edit: Thought I'd compile a list up here from the comments below to make this post more useful as a resource going forward.
Banks with confirmed 2 year A2A Promotions:
Goldman Sachs
Morgan Stanley
Credit Suisse
Lazard
BAML
RBC
Deutsche Bank
| +135 | If Tik Tok is forced to sell, what banks do you think would be involved in the deal? | 60 | 4h | |
| +49 | Intern Ettiquette | 14 | 21h | |
| +47 | Ranking banks that went under | 34 | 19h | |
| +42 | Relevance of A-Levels for U.K. London recruiting | 31 | 1h | |
| +39 | Burnt Out M&A ASO | 22 | 1d | |
| +33 | NEED NY RESTAURANT RECOMMENDATIONS | 23 | 1h | |
| +30 | Would comitting to ATL İB be stupid? Please give feedback. | 19 | 2m | |
| +27 | 2024 new grads who didnt get return offers update | 12 | 1d | |
| +23 | PSA to gymcels: focus on the summer internship | 9 | 1d | |
| +21 | IB Career Guideline | 12 | 9h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Also interested... I know DB does 2.5 years, and I believe the top analyst in each group at RBC gets promoted after 2 years but not positive on that one
True for RBC
I remember reading somewhere that Credit Suisse does A2A after only two years. Not 100% sure but I'm fairly confident.
I have heard of someone getting promoted in 2 years at CS and was told this was "early", but they're a VP now so not sure if 2 years is the norm for people getting promoted now.
MS also does A2A. The associates have a weird title the first year internally like Developmental Associate or something but for all intents and purposes (including pay) they're associates and begin to operate like one at that point.
I heard that when they brought the analyst program down to 2 years, they actually elongated the associate program to 4 years in MS.
I have heard that as well but cannot confirm that. I would think for the general associate class it's true but high-performers may have a shot at VP after 3 years
JPM has an early promote for every role up to Exec Director.
I can confirm that BAML and DB do 2 year analyst to associate programs.
DB has an early VP promote program as well for top performers.
Est nobis dolores velit quam ut praesentium eos. Voluptatem voluptas laborum est facilis excepturi dolore cupiditate consequatur. Rem doloribus veniam quia et quasi voluptas illum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...