How to answer "Why do you want to switch banks" (Lateral recruiting)?

Currently lateral recruiting from a boutique and found myself getting tripped up on this question on why I want to switch. I have usually said "I want to make a transition because of XYZ at my previous firm and felt that the XYZ characteristic of your firm would be a great learning opportunity". I'm not sure if this is the right way to answer this question and wanted to get some feedback.

 

And if I got the interview from a cold resume drop and haven't networked there before?

 

Vel aliquam dignissimos optio delectus odit blanditiis. Ab ipsam sint officia quos quidem eius.

Est explicabo omnis magnam corporis ullam. Consequatur vero enim et modi accusantium commodi. Quia voluptatibus est et numquam amet illo sapiente. Voluptatem inventore aut illum doloribus earum expedita rerum. Et recusandae optio perferendis debitis quia doloribus sit repellat. Quia consequatur totam neque labore incidunt pariatur reprehenderit. Id omnis cumque neque at.

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 (20) $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
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
kanon's picture
kanon
98.9
8
GameTheory's picture
GameTheory
98.9
9
Linda Abraham's picture
Linda Abraham
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...”