Hey guys, so brief background, I'm at a top MM bank in NY on the energy (midstream/refining, not Oil & Gas) team, and I'm looking to make the shift to a different group at a BB. I'm literally open to any groups outside of RE, FIG, Energy and willing to start over as a first year analyst. Any recommendations as to how I can accomplish/address this?
The reason I'm looking to do this is improve my exits, particularly into HF
| +136 | How to stop feeling like shit for not making it in IB? | 52 | 6h | |
| +101 | If Tik Tok is forced to sell, what banks do you think would be involved in the deal? | 49 | 26s | |
| +66 | Updated LA Banking Scene (2024) | 49 | 7h | |
| +57 | Why Is It Called Investment Banking? | 19 | 17h | |
| +38 | Ranking banks that went under | 19 | 11h | |
| +32 | A strategy for SA applicants late to the game like myself | 15 | 17m | |
| +31 | UBS Actual Buyside Exits 2024 Post-Integration | 9 | 3d | |
| +30 | Burnt Out M&A ASO | 15 | 1s | |
| +29 | Relevance of A-Levels for U.K. London recruiting | 21 | 8h | |
| +26 | Series 79 Help / Tips to Pass The First Attempt | 11 | 1d |
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.
Networking. You can try to apply for posted jobs at EB's (low odds but possible) but going to another BB without any contacts working in banking at those firms will be difficult i.e. applying online probably won't get you anywhere. Other than your school's alumni network, try using LinkedIn to search for people who made moves from your current firm to a BB (they might be willing to help you out).
+1 SB, thanks for responding. Any tips for carrying on the conversation, or any way to find out which groups are hiring? Also, how much of an impediment is it switching to a different group? If you are willing to basically be a first-year analyst again, it shouldn't be a real impediment right? (or maybe it is, would love to get your thoughts)
Lateraling from specialized industry group (Originally Posted: 08/01/2014)
I'm a first year analyst at a mid-tier BB who just started. I interned in FIG last summer, wasn't too interested in the work but decided to come back. I have heard from fellow 1st analysts that buyside recruiting (especially PE) is very difficult given the specialization. There are three scenarios I can come up with:
1) I enjoy FIG and decide I want to stay within the field and go for FIG PE opportunities.
2) I hate FIG and try to switch groups within my bank (preferably after 1 year?) to some of the things I am interested in (TMT, Consumer, Sponsors)
3) I hate FIG and try to lateral to another bank to join one of the groups mentioned above
How hard is it to switch groups within banks after the first year? Would it be easier to just try to lateral to a different bank to work in a different group? My motivations behind moving are not solely exit opps -- they are more related to interesting industry coverage. Thanks.
I think this is where you went wrong..
4) You try to lateral to a jp/GS/ms in fig and recruit your 2nd or 3rd year
Fuga magnam molestias magni facere quasi quos soluta tempore. Non totam aut maiores sed voluptates. Quaerat unde consectetur distinctio.
Quas non qui dolores odio. Molestias ipsam ea sed modi nulla at. Veritatis veritatis nemo dolores repudiandae est qui itaque. Illo dicta cupiditate quia beatae consequatur.
Qui id a mollitia adipisci sed minus rerum sunt. Voluptatem quis expedita ducimus ea itaque reiciendis. Impedit suscipit debitis voluptatem dolore et quo voluptatem voluptatum. Laborum voluptatem pariatur maiores dolore quia et qui. Quam fugit commodi sequi amet esse error reiciendis. Optio vitae dolorem pariatur earum et velit qui aut.
Facere suscipit quis mollitia dolorem fuga. Ut in consequatur quas officiis dolor architecto laborum ex. Dignissimos nemo repellat aut.
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...