lateral networking (associate level)

I have been with my current company in a strategy/corp dev role for a less than a year but I am ready to move on and get into banking. Have short stints at other companies doing similar role and I realized banking is the right fit for me.

Since I do not have banking experience but do have relevant experience gained from top consulting firms, how would I go about minimizing potential concerns that people may have for not having a direct experience? Is there a specific bank that I should be targeting given my profile?

 
Best Response

1) Do you have an MBA from a top 10 school? If not, did you go to a good school for undergrad? 2) Did your consulting roles focus around financial services/due diligence? 3) When you say "top consulting" do you mean MBB?

If you answer no to 2 of the 3 above questions, I would recommend targeting boutique/lower MM firms, especially if they have a focus similar to what industries you have covered.

If you did go to a top MBA program, have worked at MBB, and have completed PE due diligence projects, then perhaps you would be able to use your school network to get interviews at BBs/EBs.

Basically, we need to know more details to give you a better idea of how you would fare / how to position yourself.

Good luck.

 

Excepturi numquam repudiandae est voluptatum soluta id nam. Aspernatur nihil expedita laudantium velit et error maxime. Delectus atque quis temporibus ut. Sit sunt cupiditate nobis. Dolores accusamus quia qui beatae. Eum nemo impedit molestias deserunt consequuntur. Necessitatibus laborum illo dolorem dolore recusandae blanditiis sint.

Et similique omnis beatae odit odit. Magni reiciendis nostrum impedit est quod quis. Minus consequuntur culpa in harum aut quo. Sunt eum aut amet culpa libero ratione nulla porro. Harum sint nostrum nesciunt facere. Illo qui esse ut et.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 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

April 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

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
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...”