Canada to US Lateral - Advice

I'm Canadian, have a FT offer at top Canadian bank. I want to lateral to BB / EB in NYC say 6 months to 12 months in; obviously have good GPA and am aware only some places sponsor

What's the best way to do this? Similar - just network and obv study technicals? Anyth to do differently?

Thanks!

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9mo

To lateral from a top Canadian bank to a BB/EB in NYC, here's what you need to know based on the most helpful WSO content:

1. Networking is Key

Start Early: Begin building relationships with bankers in NYC as soon as possible. Use LinkedIn Premium to connect with alumni from your school or Canadians who have successfully made the move.
Leverage Existing Connections: If your current bank has relationships with U.S. banks or if you’ve worked on deals involving U.S. firms, use that as a conversation starter.
Be Strategic: Focus on groups or firms that are known to sponsor visas. Not all BBs/EBs are open to sponsorship, so prioritize those that are.

2. Position Yourself as a Strong Candidate

Highlight Your Canadian Experience: Emphasize the transferable skills you’ve gained at your current bank. Deal experience, technical skills, and client exposure are all valuable.
Address the Visa Issue: Be upfront about needing sponsorship but frame it positively. For example, highlight your commitment to the role and the value you bring.
Know Your "Why": Be prepared to explain why you want to move to NYC. Tie it to career growth, deal exposure, or specific industry expertise.

3. Timing and Process

6-12 Months is Ideal: Most lateral opportunities open up after bonuses are paid (June/July). Start networking and preparing well in advance.
Unstructured Process: Lateral hiring is less formal than on-cycle recruiting. Many roles are filled through internal referrals, so networking is critical.
Monitor Job Postings: Check platforms like Indeed and LinkedIn daily for lateral openings. Some roles may not be posted publicly, so your network is crucial.

4. Technical and Behavioral Prep

Stay Sharp on Technicals: Be ready to discuss your deal experience in detail. Know your valuation methodologies, financial modeling, and market trends.
Master Behavioral Questions: Have a clear, concise story about why you’re making the move. Avoid generic answers and focus on your unique value proposition.

5. Consider the U.S. Market

Understand the Landscape: Familiarize yourself with trends in the U.S. banking market. This will help you tailor your pitch and show you’re serious about the move.
Be "U.S. Caliber": Demonstrate that your skills and experience are on par with U.S. candidates. This includes being polished, confident, and well-prepared.

6. Additional Tips

Engage with Recruitment Firms: Some firms specialize in cross-border placements. Look into programs like "Coming Home" or firms like Vlaad and Co.
Stay Discreet: Avoid letting your current employer know about your plans until you have an offer in hand.

By combining networking, preparation, and a clear strategy, you can position yourself for a successful lateral move to NYC. Good luck!

Sources: https://www.wallstreetoasis.com/forum/private-equity/going-from-mm-investment-bank-to-mega-fund?customgpt=1, 2017 Commercial/Corporate Banking Bonuses, Lateral or B-School?, Guide to Lateraling in 2021, Lateralling Job Market

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Canada to US Lateral - Advice

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