Is it possible to lateral in as an Associate in IB? If so what are the expectations?
Former IB Analyst who left for Corp Dev./Strat. wondering if it is possible to return to IB as an Associate.
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Know of a couple corp dev guys with 5-ish years of experience but none in IB who made the move to associate in banking, so it’s definitely feasible for you to make the move. The total years of experience or deal reps matter a lot though. You’ll be compared to analysts up for an associate position or a typical MBA associate profile. So the less years of experience, the more deal reps you’ll probably need. Otherwise you’ll probably come in as analyst 2 or 3. Your current employer and where you did your banking stint vs. your target banks will influence the outcome as well.
Thank you very much
I have seen someone spend a year as an IB analyst, go spend a year in corp dev and come back to IB as an associate 1.
Thank you. Think it makes sense for me to apply as an associate and worst case they can say they’ll need to bring me in as a 3rd yr.
The reason I was hesitant is because my IB background is less modeling intensive. Think ECM/DCM. Current firm is less acquisitive and more emphasis on Strategy.
I’m sure IB 1 yr M&A Analyst- 1 yr Corp Dev highly acquisitive- IB Associate makes sense
I say this because I’m ideally looking to go into a Coverage group. IB experience was ECM/DCM
Worked with an MD who started out at Bank A (MM), lateralled after two years to Bank B (BB), made VP and went for a Corp Dev role for 5-8 years, eventually coming back to the same MM bank as a Group Head.
Hope this helps!
Edit: sorry, just checked, he made an AD/ED at the BB (so he spent there a few years more).
Edit2: his CorpDev stint was at a corporate with ~$100bn Reve
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