Guidance/Advice on a Lateral move

Hello,

I guess I am invited to fly out to a fintech firm's home office to meet everyone, so I am quite confident an offer is coming shortly after that trip.

I wrapped up my first year in a MM Industrials Group, but my background well positions me for tech and fintech, hence the move. This firm wanted to start me out as first year again, and I am not all the way comfortable with it. The people whom I interviewed with said they did sacrifice a few years of their working experiences too, and it was worth it. When people try to sell the firm to you, I think they will try to do a good selling job. However, I am not super sold on it.

The firm is well known in its space and from speaking with senior bankers, there are definitely shortcuts to get promoted to VP, and such. But again, my hiccup is that they start me all over again - I think their thought process is I work in a different coverage group and they need to "train" me from the ground, but I am being in the same group as a person who just graduated and starts their first full time job. That is messing me up.

During this office visit, I will meet with their MD and other senior bankers and I will for sure bring this up. This sounds like a good opportunity, but if they do not sketch out a plan for me for a different promotion track, I guess I will not sit well with this opportunity.

If you have seen these situations at your bank or other banks, please share your thoughts. I have not heard about this a lot, and it seems a bit unfair.

Thank you in advance.

2 Comments
 

Hi Analyst 1 in IB-M&A, no, I never sleep and so I can respond to any lonely threads (like this one) at all hours of the night. Impressive, I know ;-)

More suggestions...

If those topics were completely useless, don't blame me, blame my programmers...

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

Necessitatibus ipsam omnis cupiditate animi accusamus omnis. Quasi voluptas cumque unde consequatur. Qui ut dolores possimus animi non cum.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.3%
  • 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 (68) $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

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...”