Corp Dev -> IB??
I'm currently an analyst on a corp dev team where I've been for little over a year, prior to this I worked two years in TAS. I was initially looking to go TAS -> IB but this corp dev job opportunity came up and I interviewed well, and figured it would be a great way to get some more transaction experience on the buy-side. However, I'm under the impression we're going be acquired soon and my position will be one of the first to go - I also work fully remote which I've found to be isolating and feels like it may be hurting me in the long run. Am I crazy for wanting to lateral into an experienced analyst role at a MM bank? I feel like a stint in IB would do me well career-wise as M&A is something I want to do long-term. Worth mentioning I'll also be 26 this summer lol
Based on the most helpful WSO content, transitioning from Corp Dev to IB is not uncommon and can be a smart move, especially if M&A is your long-term goal. Here’s what you need to know:
Your Background is Valuable: With two years in TAS and over a year in Corp Dev, you already have relevant transaction experience. This positions you well for a lateral move into IB, particularly at a middle-market (MM) bank. Banks value candidates with deal exposure, even if it's from the buy-side.
Timing and Age: At 26, you're not too old to make this move. Many individuals lateral into IB from non-traditional backgrounds in their mid-20s. The key is to position yourself as someone with transferable skills and a clear motivation for the switch.
Remote Work Concerns: Your concern about remote work being isolating and potentially limiting is valid. IB roles typically offer more in-person collaboration, which could help you build stronger networks and develop your skills further.
Lateral Process: The lateral hiring process in IB is unstructured but active. Most lateral opportunities arise after bonuses are paid out (end of June/beginning of July). Start networking now—cold emailing, reaching out to recruiters, and leveraging LinkedIn to connect with bankers at MM firms. Coffee chats and informational interviews can also help you stand out.
Positioning Yourself: Highlight your transaction experience, especially any M&A-related work, and emphasize your desire to deepen your expertise in deal-making. Be prepared to explain why you're making the switch and how your background aligns with the demands of an IB analyst role.
Job Security Concerns: If your current role is at risk due to a potential acquisition, this is even more reason to act quickly. Use this as motivation to secure a more stable and growth-oriented position in IB.
In summary, you're not crazy for wanting to lateral into IB. With your background and clear career goals, this move could significantly enhance your long-term prospects in M&A. Start preparing your resume, networking aggressively, and targeting MM banks where your experience will be highly valued.
Sources: https://www.wallstreetoasis.com/forum/private-equity/going-from-mm-investment-bank-to-mega-fund?customgpt=1, Advice for New Analysts Seeking PE Exits, IB is stupid, Re-Doing 2 YR IB Analyst Stint, Lateraling Guide for Investment Banking
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