Does it matter if I apply through bank's website or their external partner job board?

Based on the most helpful WSO content, here are some insights regarding applying for IB roles:

1. Direct Application on Bank's Website:

   • Applying directly on the bank's website is straightforward and ensures your application is in their system. However, many online postings for lateral positions are often just compliance protocols. Firms may prefer to tap into their pool of connections rather than screen hundreds of resumes from online postings.

2. External Job Boards:

   • External job boards like LinkedIn, Indeed, or finance associations can be useful, but they might not significantly increase your chances compared to direct applications. Networking and referrals tend to play a more crucial role in securing interviews and offers.

3. Networking:

   • Networking is emphasized as a critical component. Reaching out to alumni, acquaintances, or friends working at the bank can significantly boost your chances. Many successful candidates have secured positions through networking rather than online applications.

4. Recruiters:

   • Engaging with recruiters can be beneficial, especially if you're open to mid-tier MM firms or boutiques. Recruiters can keep you in the loop about openings and help you navigate the job market.

In summary, while applying through the bank's website or external job boards is necessary, leveraging your network and seeking referrals can substantially increase your visibility and chances of getting the role.

Sources: Best Practices for Finding Lateral Opportunities, Looking for Recruiting Advice, Does it matter what B-school I attend for investment banking?, Guide to Lateraling in 2021, Lateraling Guide for Investment Banking