FT 2022 - Switch Group Before Start Date

Hi guys!! I am returning to a BB tier 2 (think Barclays/BofA/CS) in their capital markets team this summer as a full-time analyst after interning with them last summer. However, my plan would be switching to a coverage team after one year since I am exceptionally interested in an industry and I believe that working in a coverage team would expose me to much more experience than working in capital markets. I recently saw my company actively recruiting for analysts at the coverage team I want to switch to. Should I ask HR about this opportunity at this point so that I would be able to switch even before I start or should I wait until the 1-year mark? Any insights into how to navigate this process are greatly appreciated!! Thank you all

5 Comments
 

No - not a good idea at all. You run the risk of this getting back to your team and making things very awkward. I would give it a year and then run an internal lateral process. Try to get exposure to different industry groups while in ECM through deals and networking. 

 

Voluptates illo unde doloribus deleniti rerum voluptas. Voluptas distinctio sunt voluptatibus. Natus accusantium est natus autem.

Repudiandae necessitatibus facere laboriosam quia omnis unde aspernatur. Et mollitia cumque recusandae sed minus. Eveniet adipisci cupiditate eveniet quo.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (66) $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
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
DrApeman's picture
DrApeman
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
GameTheory's picture
GameTheory
98.9
8
dosk17's picture
dosk17
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
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...”