Lateral applying for analyst graduate programs?

Based on the most helpful WSO content, here's what you need to know about lateral applying for analyst graduate programs:

1. Banks with Flexible Requirements:

   • Some banks do not list a specific graduation date requirement and may even specify required years of experience (YOE), such as 0-3 years, for their graduate analyst programs. This indicates a willingness to consider candidates with some professional experience.

2. Lateral Hire Considerations:

   • Banks that do not strictly require candidates to be in their final year of undergraduate studies may be open to considering lateral hires from other banks, especially if the candidate has nearly 2 years of experience.
   • For example, certain banks and offices across the nation are actively hiring but may not post these openings publicly. Reaching out directly to these banks can be beneficial.

3. Proactive Approach:

   • It's important to actively seek out these positions by networking, reaching out to friends, or cold emailing other banks to inquire about openings.
   • Setting up notifications on job aggregators like LinkedIn or Indeed can also help in finding lateral positions.

4. Specific Bank Policies:

   • While banks like JPM and GS may have strict requirements such as "final year undergraduate," other banks might be more flexible. It's crucial to carefully review the job postings and reach out to the banks for clarification if needed.

5. Internal Mobility:

   • If you're currently in a banking role, exploring internal mobility programs within your current bank can also be a viable option. However, this may depend on the bank's policies and the availability of such programs.

In summary, banks with flexible requirements for their graduate analyst programs may consider lateral hires with nearly 2 years of experience. It's essential to be proactive in seeking out these opportunities and to carefully review the specific requirements of each program.

Sources: Would a Virtual Summer Analyst Program be Possible?, How screwed are IB associates if they're laid off?, Lateralling Job Market, Questions about VP/D/MD levels at investment banks, https://www.wallstreetoasis.com/forum/private-equity/going-from-mm-investment-bank-to-mega-fund?customgpt=1