How soon should/can I lateral? (Assoc, 4th job in 5 years)

How soon should/can I lateral? (4th job in 5 years, not entirely out of choice) 

Just had a recruiter from a BB reach out to me for an assoc role and frankly, i'm quite excited to join/interview, but am wary of the bridges I might burn and am not sure if i should wait it out longer. 

I'm an first year assoc at a very small MM bank outside of US with seniors that have good experience (BB, EBs etc.) The brand is quite well known, just that in this part of the world we're very small for our M&A business, we have some average deal flow but it's not booming as much as the other banks but enough to keep us profitable.

Anyhow, this is also my 4th job in 5 years out of school. below is my job background. 

  • 1st year, retrenched after 9 months at a very small and boutique bank as the MDs went to do their own (Successful) start up
  • 2nd/3rd year, fresh analyst at a mid tier bank, left after they placed me in a group that i didn't really like
  • 3rd/4th year, joined a O&G player with seniors that have BB experience. retrenched during covid after 1 year (able to get a recommendation from my boss, have a good relationship) 
  • 5th year, currently at small MM bank after getting recommended by one of the Directors in their asset management division, am learning from my senior, around 6+ months in. 

Was initially thinking of looking out if i'm not happy after 1 year since my current firm said they'll review salaries by EOY, but i still feel i can work harder and be staffed on more deals and learn more at the BBs and would be keen to work there. 

Any Thoughts? thanks guys. 


 
 
  1. Main reason why i took up my role at this current bank was that they gave me the associate position, other banks late last year were lowballing and only giving me A3
  2. Showing some "loyalty" to current firm, don't want to mess up the reputation of the other director who referred me
  3. Management has noted salary has increased in the industry and promised to do a "salary review" by EOY and make us whole when bonus hits next year
 

you might be the greatest employee in the world, but because of your average tenure at these firms I wouldn't want to work with you. Sorry, but you should wait one year and then leave

 

Sunt ut nemo tempore voluptas consequatur aut voluptates id. Ut et at voluptates.

Dignissimos exercitationem corporis qui mollitia fuga aperiam asperiores. Magnam aut velit quas consequatur. Beatae culpa aut qui nesciunt dolores aut. Et occaecati odit ab et.

Aperiam est qui asperiores ut rerum. Et omnis eum esse quisquam quia ut recusandae. Voluptatem veniam ea dolore et facere voluptas quidem quis. Libero qui voluptates tenetur eos est est. Excepturi hic praesentium rerum corporis.

Career Advancement Opportunities

May 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 04 97.1%

Overall Employee Satisfaction

May 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

May 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

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $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
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
bolo up's picture
bolo up
98.8
10
Linda Abraham's picture
Linda Abraham
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...”