Feasibility of an S&T FT to IBD Lateral?
I know there are some old threads on this, but most of them focus on S&T SA to IBD FT, or internal laterals. From those who have done it or seen it happen, how feasible is a move from S&T to IB full time? Especially with a decent brand-name on resume. Would ideally want to move after 1st year in order to reset as quickly as possible.
Hey hyfrrrrr, what a lonely thread. I'm here since nobody responded ...so maybe one of these discussions will help:
More suggestions...
If those topics were completely useless, don't blame me, blame my programmers...
Not quite sure what situation you are in, but it seems possible (depending on what group you are in right now in S&T and what group you want to move into in IBD).
I think there may be more room to change between S&T and IBD if you are in a structuring role and want to do an internal lateral as a full time hire. If you're on a flow desk, there's definitely more a compelling narrative as why you want to do IBD imo, but there would still be a lot of legwork in terms of networking. I would take laterals made in the past two years with a grain of salt. The lateral market was way too hot; it won't be that hot in the next year or so.
I don't know if this is helpful, but when changing from non-IBD to IBD, I think a traditional IBD background helps (target-school/PE experience). Or at least this is the impression I got from talking to people.
I also think there is a general perception that S&T is less "good" than IBD, but I don't really understand why. I think they are typically more willing to recruit people with less manicured resumes, but there are also way less spots. You are also on a good path to hit 400k-500k by 30.
I’ve moved from institutional sales to IBD. I learned the hard way that the earlier you move the easier.
A MM shop isn’t expecting much from an AN1. But, an EB is expecting an associate to come in and hit the ground running.
If you’re open to taking a job at a MM or big 4 you should be able to work your way up to a BB or EB.
Would you say after An1 year would be the best time to move then? Probably wouldn’t be the best idea to leave before that right?
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