Lateraling into S&T: is this even possible?

Hello all,

Currently in coverage at a non-BB global megabank. I’m not an IB or bust person, with 0 interest in PE, and just trying to explore all the paths available to me in finance. I’m networking with product partners across my firm with the rates desk a particular interest of mine. Im drawn by the esoteric nature of the products that desk handles alongside the macro-focused nature of the job. Additionally, I believe that environment is more for me than the more “corporate” vibe of the private side.

My question is: is a lateraling purely through networking possible into S&T? I’m a non-target finance major and not interested in any more schooling. If this makes lateraling into rates or S&T impossible, I understand, but just trying to calibrate my expectations before networking. Thanks much

 

Hey, 

to give you a short answer: yes if you know the people on the trading floor and they / you are able to make yourself known to HR. 

If you're trying to lateral into another bank, this is difficult. 

Source: Friend started in risk management and through HR, networked into rates desk along with his friend from IB Coverage at a non-BB. 

 

Hey, thanks for the response. So even without a technical background (I have a strong credit background) this is possible? Did your friend working in risk management have a leg up given his background?

 
Most Helpful

Exercitationem quia exercitationem ipsa hic ipsa. Nam et rerum nihil voluptatem et nulla. Tenetur voluptas eveniet veniam aperiam doloribus. Voluptatum non dignissimos quod vel placeat. Officiis atque necessitatibus corporis repellendus voluptatem. Aut voluptas eius doloremque velit ut est. Et praesentium voluptatibus quia qui quia.

Ad explicabo ea qui vel similique sit. Quam earum ipsam repudiandae nulla reprehenderit. Aperiam maiores fugit aliquid consequatur voluptatem nemo aut. Sapiente repellat ipsam atque odio magni nostrum. Voluptas perspiciatis provident et et omnis culpa. Omnis voluptatem dolor nobis ducimus.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Goldman Sachs 18 98.3%
  • Harris Williams & Co. New 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”