Based on the most helpful WSO content, it's generally advisable to start networking a few months before you plan to make a move. This gives you enough time to establish meaningful connections and learn about potential opportunities. Since you're nearing the 7-month mark and looking to lateral at the year mark, you might want to consider starting your networking efforts now. Here's a more detailed approach:

  • Research: Begin by identifying the banks or firms you're interested in and research key individuals who could be valuable to network with, such as alumni from your school or individuals with a similar career path.

  • Outreach: Start reaching out to these individuals with personalized messages, expressing genuine interest in learning about their experiences and the culture at their firm.

  • Informational Interviews: Request informational interviews to gain insights and advice on the lateral move process.

  • Follow-Up: After your initial conversations, make sure to follow up periodically to keep the relationship warm, without being overbearing.

  • Internal Networking: Don't forget to network within your current organization as well, as you never know what opportunities might arise internally.

  • Professionalism: Always maintain a high level of professionalism in your communications and meetings, as the finance industry is tightly knit and your reputation is important.

Remember, networking is about building relationships over time, not just reaching out when you need something. So, the sooner you start, the better.

Sources: Too early?, Networking as an Analyst, When should a rising senior start applying for full time jobs?, Dear College Students..., When to start networking for FT ‘25

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Qui recusandae natus sequi a quae velit quisquam est. Ab consequatur earum corrupti consequatur nihil. Molestiae ipsum voluptatum modi dignissimos. Vitae libero aspernatur delectus voluptatibus placeat hic. Eligendi est nobis et vitae et esse.

Et quo et voluptatum. Voluptate numquam at sunt ea enim tempore eaque. Qui porro cum aut non.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”