Laid off a couple months ago and still got a few interviews each week from cold applying.
Since the summer kicked off, I've noticed less openings across job boards and less interviews. Would have thought more opportunities will open up due to A&A attrition and leaving post-bonus, anyone know what's going on?
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Lateral market is extremely slow. IB market hasn't rebounded yet so firms have the benefit of being able to wait for the "perfect" candidate and set up a pipeline for down the road.
Only groups with recent exits are moving quickly. Double-edged sword though because if they're hiring because they need people yesterday you are absolutely going to get crushed upon joining.
Do you guys think there will eventually be in a pickup in lateral hiring in q3 or q4?
I’m looking to lateral myself, so I’m hopeful, but the election is probably going to slow things down. Firms are likely to wait until after the election to go to market. Activity should pick up in later part of 4Q24 and 1Q25, especially with anticipated rate cuts.
Speaking as a Big4 lateral who recently landed a role at boutique (tech M&A), I personally found the most traction in LMM shops. This is both in the U.S. and South East Asia where I am based. They seem to be getting busy but nothing I can comment on the bigger platforms.
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