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Transferring internally from CB (Corporate Banking) to IB (Investment Banking) at a BB (Bulge Bracket) is definitely possible, but it typically requires effort beyond just doing your job well. Based on the most helpful WSO content, here’s what you need to know:

  1. Networking is Key: While internal mobility is technically possible, relying solely on HR or internal processes is often not enough. Networking aggressively within the bank is crucial. Build strong relationships with IB teams, demonstrate your capabilities, and express your interest in making the move.

  2. Performance and Visibility: Excelling in your current role is essential. Deliver high-quality work and ensure that senior bankers in IB are aware of your performance. Being cross-staffed on deals with IB teams can help you showcase your skills and make a case for the transition.

  3. Internal Relationships: Develop a good working relationship with groups you interact with, such as industry coverage, capital markets, or M&A teams. These connections can advocate for you when opportunities arise.

  4. Training and Skill Development: Since CB and IB share some overlapping skills, highlight your transferable knowledge. However, you may need to develop additional technical skills (e.g., financial modeling) to align with IB expectations.

  5. Persistence: Many who successfully transitioned from CB to IB did so through relentless networking and persistence. It’s not an easy path, but it’s achievable with the right strategy.

In summary, while internal transfers are possible, networking is almost always a critical component of making the move.

Sources: A Guide for Switching From Commercial Banking to Investment Banking, A Guide for Switching From Commercial Banking to Investment Banking, Q&A: Non-Target --> BB BO --> BB ECM, 2017 Commercial/Corporate Banking Bonuses, Unpacking Corporate Banking at Citi/BAML?

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