How to lateral when already in industry

I am coming up on a year post UG and am wondering how likely it is to successfully lateral when I am already in industry. Should I gain more experience? When is a good time to start networking? Should I wait for summer/fall when apps are open or is it possible to network and get an interview now?

Also with the macroeconomic environment, are firms even looking for lateral hires? I have spoken to a few people and they said their firms are not hiring at all, which seems discouraging…

Anyways, what can I do right now to best set myself up for a successful lateral?

1 Comments
 

Hic facere voluptatibus atque quas molestiae. Et aut esse omnis. Et ullam natus voluptatibus id. Incidunt aut sit eum fugiat harum quae. Voluptas quis velit temporibus. Enim ea excepturi sed rerum voluptas incidunt cumque.

Tempora quia quidem quidem minima. Quisquam voluptatum et officiis molestiae provident atque vitae quaerat. Praesentium omnis impedit rerum quam tenetur quae. Sed saepe aut vel numquam itaque dolore.

Aut hic at quia. Laborum repellendus molestiae incidunt incidunt. Eos deleniti veniam tempore voluptatem sunt delectus culpa. Officiis excepturi quo suscipit iste nemo.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

November 2026 Consulting

  • Boston Consulting Group 99.5%
  • Bain & Company 98.9%
  • McKinsey & Company 98.4%
  • Oliver Wyman 97.9%
  • LEK Consulting 97.4%

Overall Employee Satisfaction

November 2026 Consulting

  • Cornerstone Research 99.5%
  • Bain & Company 98.9%
  • Boston Consulting Group 98.4%
  • McKinsey & Company 97.9%
  • Oliver Wyman 97.4%

Professional Growth Opportunities

November 2026 Consulting

  • Bain & Company 99.5%
  • Boston Consulting Group 98.9%
  • McKinsey & Company 98.4%
  • Oliver Wyman 97.9%
  • LEK Consulting 97.4%

Total Avg Compensation

November 2026 Consulting

  • Partner (4) $361
  • Principal (30) $294
  • Director/MD (59) $274
  • Vice President (53) $245
  • Engagement Manager (114) $233
  • Manager (171) $173
  • 2nd Year Associate (185) $142
  • 3rd+ Year Associate (116) $137
  • Senior Consultant (356) $131
  • Consultant (643) $122
  • 3rd+ Year Analyst (164) $121
  • 1st Year Associate (578) $121
  • NA (16) $114
  • Engineer (6) $114
  • 2nd Year Analyst (394) $105
  • Associate Consultant (176) $101
  • 1st Year Analyst (1172) $90
  • Intern/Summer Associate (208) $83
  • Intern/Summer Analyst (643) $68
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
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
GameTheory's picture
GameTheory
98.9
6
DrApeman's picture
DrApeman
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Jamoldo's picture
Jamoldo
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...”