Associate lateral market?
Do we expect this to heat up in the next couple months? Curious what folks are seeing at various firms. Thanks!
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Career Resources
Based on the most helpful WSO content, the lateral market for associates has been challenging recently, with reports of headcount reductions and limited roles available. Discussions from late 2022 and early 2023 suggest that the market has been tight, with many professionals finding it difficult to make lateral moves, especially to top-tier firms. However, there is some hope for improvement in the coming months, as markets stabilize and hiring potentially picks up.
If you're targeting a lateral move, it's crucial to stay prepared by networking actively and ensuring your technical skills are sharp. Keep an eye on opportunities through headhunters and firm-specific openings, as the market can shift quickly.
Sources: Lateralling Job Market, What is your opinion where we are in the cycle and how is your firm preparing for the next 12-18 months?, Predictions for IB business for 22-23, Future of Equity Research - 12+ Months into MIFID II, Lateral Market for Late 2022/Early 2023
Already seems hot. Been contacted many times recently
What kind of firms
IBs, both large and small
Some investment firms for investment and IR roles
Corp dev in industry
Market is picking up, got 3 headhunter emails the day after BofA bonuses were communicated. All across the spectrum of banks as well as corp dev
Associate market is generally the easiest / deepest for laterals.
would expect good amount of openings at the BBs that don’t pay well. And Lazard.
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