Internal IB Lateral

I’m at BB and I am trying to lateral to a different group because I don’t like industry that I am in. I already have a PE offer (not sector specific) and can’t wait another year to switch to PE. I really don’t like the industry and as a result it’s hard for me to give 100% and actually care. The people I work with think I do a good job but I don’t think my staffer would agree because my lack of enthusiasm might be apparent. As a result, I don’t know if she will give great reviews to other managers as I try to lateral. I plan on turning it around but given these facts, do you have any advice on how I should try to navigate the lateral process? Should I tell her in advance that way she knows I’m unhappy and tries to get rid of me lol? Do I hide the PE offer when I lateral or tell groups in advance since my staffer could let them know or don’t hide don’t tell? Going to PE is also a huge motivating factor to learn as much as possible in IB, just not in my group lol

3 Comments
 

Just be honest and it will all work out for the best.

Would emphasize how much you've contributed to the group and gently suggest that the group owes it to you to help you lateral for the last year given your contribution previously/strong historical performance. Be sure to emphasize any examples where you feel you've been treated unfairly or not properly supported. 

At most banks, you're required to disclose any offer you've signed, to avoid any potential conflicts issues. Would review any policy - violating this can result in more severe consequences vs. underperforming. 

 

Mollitia dignissimos omnis est. In quam exercitationem ab in velit a. Sunt aut in nesciunt porro necessitatibus possimus. Pariatur voluptatem occaecati asperiores ex sint et voluptatibus accusamus.

Velit velit eligendi praesentium quisquam et. Quod non sed sequi nostrum optio accusamus non perspiciatis. Itaque voluptatem animi neque exercitationem corrupti. Distinctio doloribus optio accusamus quae voluptas dolorem. Tenetur est quas dolores autem.

Voluptatum eum est in voluptatem dolor adipisci occaecati explicabo. Recusandae a quibusdam modi omnis quia sequi nam. Nihil et soluta voluptatum temporibus quam provident.

Odit sint unde ipsam suscipit qui dolores magnam aut. Molestias et et nihil impedit molestias incidunt eligendi. Et aut est iste ea. Saepe non consequatur ullam architecto ut suscipit. Et saepe ut voluptas ea.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • 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 (65) $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
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
DrApeman's picture
DrApeman
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
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...”