ER to IB

Currently a 3rd year ER analyst at a BB and up for a promotion to associate by yearend. Interested in making the leap to IB within the same bank. Does it make sense to wait until I get the promotion, or should I make the transition asap? Conscious that my years of experience may be discounted if I move as an analyst.

Also how competitive would I be vs others applying from different banks? For context, I cover NR currently and have worked on a good number of deals over the last three years.

Appreciate any ideas.

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