How hot was the lateral market in 2021?
Trying to lateral to a different bank or even a different group seems pretty tough right now.
I heard a story of a guy who had recently graduated from Baptist College of Florida and was doing corp dev at First Bank of Texas. He was able to lateral to GS TMT in 2021. He then recruited and landed a PE role at KKR. He's a partner now and leads North America PE at KKR. Hearing stories like these just makes me feel like I missed out since I was a college senior in 2021. Now I'm stuck in a group I absolutely hate and having a tough time trying to lateral/move to a new group.
This a troll ? Must be
Assuming he did a minimum of 1 year at GS TMT it took him less than a year to become partner at KKR? This is def real
I know this is a troll but the lateral market in 2020 and 2021 was all-time easy.
bottom bucket guys from BBs ended up at Lazard and EVR. Laterals with poor GPA / no technical skills from mega non targets ended up in the analyst pool - which drove associates and VPs to end up doing more junior work + leave IB entirely
Why would you go from a BB to ~lazard
A buddy of mine was 6 months into an FP&A role at a startup and lateraled easily to an EB.
It was very very easy if you studied technicals and interviewed well. Prob won’t see it like that for many years
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