BAML Internal Mobility? Trying to switch to M&A/Sponsors after a year?

I was wondering if anyone knows what the internal mobility is like at BAML. I've got an offer to join one of the decent Industry Coverage groups there for full-time starting in 2015 (HC/C&R/Industrials) after coming from somewhere else during my summer stint. However, the group that I have the offer from doesn't really place all that well into any notable funds in PE/HFs. They told me there'd be an option to stay on for a third year and possibly get promoted to associate, but realistically I don't see myself as a career banker.

I'm wondering if there's any chance to move over to BAML's M&A or Sponsors group, or even Lev Fin after a year at the bank and starting over as an Analyst 1. If so, how would I go about doing that? Headhunter, internal networking with people in the group I want to join, looking for an opening on the internal BAML website? While I really liked the people that I met interviewing, I just can't rationalize spending 2 years working horrendous hours for a mediocre exit; I would much rather work 1 year in this group then do 2 years in a top group and have a solid exit.

Or, I'm wondering if I would be able to move to MS/JPM/GS into the respective coverage group that I'd be joining @ BAML, and if so, how easy/likely this is.

Thanks in advance for the help.

 

Ea eligendi quis alias doloribus aut laboriosam. Inventore nihil quisquam error explicabo. Distinctio dolor magni quisquam et vel praesentium nesciunt. Iure rerum aliquam a dolore quis perferendis rerum quo. Necessitatibus ut ut repudiandae debitis. Aut eius dolores aut consectetur dolore quia quia quidem. Voluptates voluptatem voluptatem provident nihil.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Harris Williams & Co. 25 98.3%
  • Goldman Sachs 17 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
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

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...”