Hi WSO Forum,
I am an incoming IBD Analyst at a Mid-Tier BB in London. Because I interned at a regional office of the firm, I was not able to really choose which industry team I was gonna end up in (and quite frankly the way the market is right now I am very happy to have the offer in the first place). I know that the Industry Coverage Group I am in now does not really interest me all that much. How common is it to switch groups at Bulge Bracket Banks and at what time does this usually happen? Do I have to remain in this group my entire Analyst Program or do people already switch around before?
Any ideas much appreciated.
Tier ***
It’s Generally very hard to switch. Usually it can only happen after 2 years and that too if there’s a demand in the group that you’re interested in plus your team is willing to let you go. Usually what happens is that folks transfer to the same coverage team in a different location (From London to NY).
It honestly depends on the bank, some are more about about it and some are not open about it at all. I’ve seen it happen a few times at my bank.
Does not happen often but I it is definitely feasible. You just gotta do it smart. Do you have a preference? Let's say it's healthcare, have you worked on a healthcare deal or assignment while working at the regional office? You can still say "I really liked the sector then etc..."
Yes, there is one particular group I worked with heavily during my internship and I would be much more interested in working there. Any advice regarding the timeline of a potential transition? Because I am afraid that if I spend to long in my current group, it will become increasingly more difficult to switch as it is rather niche.
Since you have not started yet, I would recommend sending an email this very evening to HR.
Voluptatum fuga qui maxime. Corporis aut facilis eum pariatur. Voluptas voluptas delectus a quibusdam et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...