How difficult to lateral into ER from Corporate Finance/Strategy
Hello all, I'm currently working a rotational CorpFi position with some strategy-related rotations at a large AM (Blackrock/Vanguard/Fidelity) with 1 YoE out of college.
One of my 6 month rotations was heavily research based with some very light bottom-up + financial modeling experience. I also did a few academic research papers (not published but extracurricular for professors). I am interested in a change of pace and want to try to break into ER, because I really enjoy the research parts of my work.
I know very little about the industry and am starting to catch up on the recruiting process. Is ER something that can only realistically be broken into from undergrad like a lot of traditional paths (IB, ST, etc.)? Or does ER tend to be more welcoming to people who might be coming from a MO role with a year or two under their belt? Would be trying for an Analyst role.
Just want to be strategic about where I want to lateral. Thanks in advance!
Based on the most helpful WSO content, here are some insights on lateraling into Equity Research (ER) from a Corporate Finance/Strategy background:
Background and Experience:
Transition Feasibility:
Strategic Considerations:
Additional Resources:
In summary, transitioning into ER from a Corporate Finance/Strategy role is feasible, especially if you strategically build on your existing research and modeling experience, network effectively, and prepare thoroughly for the recruiting process.
Sources: The right time to lateral?, Corporate Finance Q&A with accountingbyday, BJM85, STorIB, and djfiii, https://www.wallstreetoasis.com/forum/investment-banking/how-hard-would-it-be-to-lateral-into-investment-banking-for-ft?customgpt=1, Strategic finance?, Future of Equity Research - 12+ Months into MIFID II
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