Is lateraling worth it?
Currently a first-year analyst in a coverage group at a low-tier BB. My group has a great culture for IB and I enjoy the people I work with, but I may have an opportunity to move to a top 3 BB in one of its stronger coverage groups. Based on my mid-year review, I’m likely on-track for top bucket. Wondering if it’s worth making the move from a place I’m established and well-regarded by my MDs, to a group where I don’t have too much visibility into the true culture and would be a brand new first-year starting in WFH. Welcome any advice
Thought process hope this helps somewhat. Know there is more consideration than this but generally analyst stint is 2 years of grinding to get to a better exit opp.
1) Do you want to go to the buyside? If yes, go to #2 if not stay at your firm
2) Does your current group historically send analyst to the type of exits you want? If yes, stay at current firm if not go to #3
3) Does the firm you’re trying to lateral to have better exit opps that wouldn’t be possible at current firm? If yes, lateral if no stay at current firm
Thanks this is helpful. Analysts from my current group have gone to PE which is what I’m interested in, but it seems it’s been fairly dependent on how amount / quality of deals they’ve closed. I’ve been put on our group’s more “important” deals and clients, but a deal closing is somewhat out of my control, whereas the top BB group is one of the top groups in the industry on the street and might be more likely to get closed deals on the resume there...
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