Analyst Lateral from MM to BB/EB
Looking for advice/opinions on how to approach lateral analyst recruiting from MM to BB/EB given slow current lateral market. For background, a top analyst in coverage group at a national lower MM IB (think RJ, HW, Lincoln, Stifel, etc.) for 9 months. Looking for any insights from people who might have made a similar move. Any help is much appreciated!
I made this move (an MM you mentioned to an EB) and it was very straightforward. Just do well for your first 9 months then start interview prep just like you did for your current job. Interviews will cover technicals (pretty much same Qs as SA/FT), behavioral (why are you looking to leave your MM, why X EB), deal experience (what was the transaction rationale / do you know how to manage a dataroom), and potentially a modeling test (can you memorize an LBO).
For me what helped a lot was (a) speaking to analysts at the firm I wanted to join ahead of interviews to better understand the firm / culture and (b) having a simple but logical story of wanting to leave a very niche industry group for a generalist program.
Technicals and modeling are gonna be a check the box and the offer will be made based on the behavioral stuff and how you fit.