BB to EB laterals (and vice versa)
Despite the extra cash and experience at EB’s, I’ve always wanted to work at a certain BB but have struggled to get my foot in the door. Have a really good shot at getting into a top EB in London (below CVP and EVR but still strong) and was wondering if EB senior analysts/associates switch to BB banks? Or equally if the mould is that BB’s end up moving to EB’s.
Any advice appreciated.
Based on the most helpful WSO content, lateral moves between BBs and EBs are not uncommon, but the direction of the move often depends on career stage and goals:
EB to BB: It's generally less common for senior analysts or associates to move from an EB to a BB. EBs often provide more hands-on experience, leaner deal teams, and higher compensation at the junior levels. However, BBs offer broader exposure to products, larger deal flow, and stronger brand recognition outside of finance. If your long-term goal is to work at a BB, it might be easier to make the switch earlier in your career, as moving from an EB to a BB at more senior levels can be challenging due to differences in deal focus and skill sets.
BB to EB: This is a more typical path, especially for those looking to specialize in M&A or advisory work. BBs provide a strong foundation with exposure to a variety of deals and products, which can make the transition to an EB smoother. Many professionals aim to make MD at a BB and then move to an EB for higher compensation tied to deal success and a more focused advisory role.
Key Considerations:
If you have a strong shot at a top EB in London, it could be a great stepping stone, especially if you later aim to lateral to a BB. However, keep in mind that moving from a BB to an EB is generally seen as a more natural progression.
Sources: The Case for Elite Boutiques over any Bulge Brackets in 2022, Why would any associate+ banker choose a BB over EB?, The Case for Elite Boutiques over any Bulge Brackets in 2022, David and Goliath: The Boutique and The Bulge Bracket, Boutique vs. Bulge Bracket in a Recession
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