Incoming analyst at a Lower BB (UBS/WF/RBC) and am considering a possible lateral to a larger BB or EB. My network is pretty strong (semi target) and I feel I could make the switch successfully. How long would be a good recommended waiting before beginning to try to initiate the lateral process? I was hoping to move after roughly a year in time to be able to do on cycle as a 2nd year.
TLDR - How long does the lateral process generally take?
| +231 | Downfall of Qatalyst | 45 | 6h |
| +168 | UBS IB 26Q2 a Disaster! Advisory Revenue Down 23%, Capital MarketsDown 5% | 23 | 3h |
| +111 | UBS Americas IB: The Kids’ Table of Wall Street | 15 | 1d |
| +82 | Lincoln International Return Offers | 42 | 2d |
| +58 | London IB BB is a challenge | 35 | 3h |
| +53 | so confused about 28 SA timeline | 27 | 6d |
| +38 | momentum of Rx groups | 12 | 4h |
| +37 | Fired during interview | 6 | 1d |
| +33 | VP Lifestyle at Top BB Coverage Groups | 16 | 7h |
| +31 | SharePoint makes IB hours HELL | 14 | 5h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Bump
Sorry but some of those are not “lower” BBs. Maybe “self-proclaimed” BBs.
I think you are overrating your network. If your network is as strong as you suggest it is, you would already be at the firms you are trying to lateral to. Given the uncertainty in the (labor) market, I wouldn’t expect everything to work out smoothly. Be cautious.
What’s up with the MS? Genuinely confused. Are people upset that WF is not considered a BB? Or are people upset that this guy is accusing the OP of overrating his network? Seems like a reasonable post. When people are afraid they will be laid off or might not get return offers, I don’t see what’s wrong for this guy to say labor market conditions suggest it’s not gonna go as planned. OP does seem overly optimistic.
The MS is from incoming Wells/RBC interns.
I would guess the MS is coming from a few perspectives. (I’m not OP nor have I thrown MS, just my opinions)
The random shot at whats a BB and what isn’t is a dead horse beaten over and over on this website and in no way is productive.
Saying someone is “overrating” their network solely because they aren’t at a bank they wanted is also unproductive and unhelpful due to the fact that the recruiting timeline is so spread out that for a semi target who may have a few banks on OCR and a few off, offers may come at different times and have deadlines that don’t align with bigger BB/EB recruiting.
I totally agree that the market isn’t great right now and nothing is guaranteed but this response was unhelpful to the OP whereas the later posts responds productively while also acknowledging how difficult it would be.
OP, you’re chances aren’t great in this market but the below advice gives good advice as to when and how to start those conversations.
There is never a bad time to begin having conversations with others, especially if they're in your network. Reach out with the intention of catching-up/hearing how their experience has been, keep it discrete, and see how the conversation/process unfolds.
I think this is risky, given that most EB/BBs have openings only if an analyst leaves, so you're really at the mercy of that. Reach out to your network and let them know you're interested, but you're also competing against internal lateral hires from other groups. Good luck.
Ea ut deleniti unde voluptas eum architecto. Ut in aut est et.
Quibusdam corporis laudantium quam et. Minus nisi eum est rerum sunt sed. Dolorem accusamus molestiae voluptatem eum provident.
Eveniet ipsam voluptatem dolorem officiis vitae maxime. Perferendis qui eligendi nobis officia. Aliquam voluptatem voluptatibus dolorum deserunt quis et recusandae.
Ab eum molestiae velit molestiae iure suscipit. Qui rerum libero vero corporis quam est quidem. Dolores tempore et beatae. Qui inventore voluptates velit nulla. Inventore possimus modi necessitatibus ipsam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...