Corporate banking lateral

Based on the most helpful WSO content, lateraling in corporate banking (CB) can be feasible, but it involves several key factors:

1. Developing Relationships:

   • Build strong working relationships with groups you collaborate with, such as industry coverage, capital markets, syndication, and M&A.

2. Demonstrating Competence:

   • Show that you understand the industry you cover and ensure your work product meets the high standards expected by senior bankers.

3. Networking:

   • Network with other groups within your current bank and use your contacts to get introductions to other opportunities.

4. Internal and External Moves:

   • For well-respected junior bankers with a good internal network, moving within the bank to different groups is quite feasible.
   • External exits can include other banks, business school for career changers, working for a client, or corporate finance jobs.

5. Market Considerations:

   • Depending on your market (e.g., NYC), moving to a mezzanine fund or BDC is possible. However, traditional exits to PE/HF are less common and would require a move into investment banking first.

In summary, while lateraling from a tier 2/3 foreign balance sheet bank to a BB in corporate banking is possible, it requires strong internal relationships, demonstrated competence, and effective networking.

Sources: 2017 Commercial/Corporate Banking Bonuses, Why would any associate+ banker choose a BB over EB?, Q&A: Strategy consulting Associate Partner offering career advice, Q&A: Corporate Banking Associate, Lateraling Guide for Investment Banking