2026 grad, payments to ib lateral advice
I discovered ib much later... currently working payments at a bb in nyc and graduated from a target school. I've been applying+networking for ft ib roles since august, but haven't really been hearing much besides cognitive assessments that just started rolling out. I'd rlly appreciate any advice from someone who's been in a similar spot. Is the optimal move to continue pushing through for this cycle or business school? Or am I just cooked for 2027. Any routes people have found success in much appreciated
Based on the most helpful WSO content, here’s what you need to know:
Keep Networking and Applying: Transitioning from payments to IB is challenging but not impossible. Continue networking aggressively—leverage alumni from your target school, LinkedIn, and any personal connections. Focus on building relationships with junior bankers who can refer you internally. Networking is often the key to breaking through structured hiring processes.
Consider Middle Market (MM) or Boutique Banks: If BB or EB roles are proving elusive, look into MM or boutique banks. These firms often have less rigid hiring processes and may value your payments experience more. Success stories on WSO highlight that breaking into MM or boutique banks can serve as a stepping stone to larger firms later.
Lateral Hiring Cycles: Lateral hiring in IB tends to pick up after bonus season (early in the year). If you’re not seeing traction now, keep pushing through this cycle but also prepare for opportunities in Q1 2027. Stay persistent and ready to jump on openings as they arise.
Business School as a Backup Plan: If you don’t secure a lateral role, a top MBA program is a proven route to IB. Your BB payments experience and target school background will position you well for T15 MBA programs. Post-MBA, you can recruit for associate roles at BBs, EBs, or MMs.
Alternative Routes: Some WSO threads suggest exploring corporate development, strategic finance, or FP&A roles at startups or F500 companies. These roles can provide relevant transaction experience and make you a stronger candidate for IB later.
Skill Development: Use this time to refine your technical skills. Familiarize yourself with financial modeling, valuation techniques, and deal processes. Consider taking courses or certifications to demonstrate your commitment to IB.
In summary, keep pushing for lateral roles while preparing for alternative paths like MM/boutique banks or business school. Persistence, networking, and skill-building will be critical to your success.
Sources: Transitioning from Tech Sales to IB, For Those Considering Banking - Some Broad Advice, Banking -> Startup PM on who SHOULD join IB, Post MBA-Associate Roles: As bad as People Say?, A Guide for Switching From Commercial Banking to Investment Banking
Sounds like you work at JP. Should be ez to pivot. I know some kid pivoted from payments to IB with intense networking
Minus et est quia rerum eius est quia. Quia aperiam aspernatur et voluptas et vitae excepturi nulla.
Vitae beatae incidunt molestiae. Qui ipsam incidunt quasi repellat magni id. Voluptas dolor sequi aspernatur alias nesciunt.
Nesciunt et quo nihil voluptates veritatis qui rerum. Neque vitae perferendis aspernatur quia nobis accusamus. Est aut voluptates voluptate ea autem corporis. Laudantium illo iusto facilis et. Corporis ut consequatur aspernatur corporis voluptate laboriosam occaecati.
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...