Corporate Banking —> IB?

Based on previous WSO threads, transitioning from Corporate Banking to Investment Banking (IB) is possible but can be challenging. Here are some key points to consider:

1. Internal Lateral Moves:

   • It's not uncommon for individuals to move internally within the same bank. If you're at a bank that has both Corporate Banking and IB divisions, you might have a smoother transition.
   • Having good reviews and support from seniors in your current group can significantly help your case.

2. Skill Overlap:

   • While Corporate Banking and IB (including LevFin, coverage, and DCM) have some overlapping skills, IB roles typically require more advanced financial modeling and deal execution experience.
   • You might need to demonstrate or develop these skills to make a successful transition.

3. Timing:

   • The most common time to make a lateral move is after your second year as an analyst. However, moving after one year is not unheard of, especially if you have strong performance reviews and networking within the bank.

4. Networking and Preparation:

   • Networking within your bank and expressing your interest in IB roles can open up opportunities.
   • Preparing your resume to highlight relevant skills and experiences, and possibly taking additional courses or certifications, can make you a more attractive candidate.

5. Challenges:

   • Moving to a different bank might be more challenging, as external hires typically require more direct IB experience.
   • You may need to start over as a first-year IB analyst, which can be seen as a "one step back, two steps forward" situation.

In summary, while the transition from Corporate Banking to IB is feasible, it requires strategic planning, networking, and possibly additional skill development.

Sources: No deal experience after 3 years, BB Debt Capital Markets - Exit Opps / Comp, Hours: LevFin v DCM London, Debt Capital Markets "Exit Ops", Going from IB to ECM or DCM? Anyone made this move?