Lateral Analyst Expectations

I'm curious if anyone can provide insight regarding what is normally expected from lateral analysts coming from a small boutique to a MM bank (or anyone that went MM to BB, etc.). Recently was offered a lateral AN2 position at a MM bank (non NYC) coming from a generalist boutique with approximately 25 people. Much of my first year wasn't focused on modeling or any of the more technical tasks that seems to be done as a first year. It focused mainly on all of the other tasks (spreading comps, pitch decks, CIMs, running VDRs, etc.). I'd consider myself having some knowledge around modeling and other technical deliverables, but not close to an expert...

Feeling like there should be people who went through a similar path over the last year with this market.

Thanks in advance.

5 Comments
 

Velit debitis iste magnam minima eaque debitis. Et modi veritatis officiis et rerum sequi quos eum. Ea quos delectus sit nihil quidem dicta voluptatem ut. Enim alias cum sint id. Consequuntur eum sit similique consequatur.

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 (66) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
numi's picture
numi
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...”