Lateral from low/mid “BB” to GS/MS?
So nontarget here who accepted summer analyst IBD offer from a RBC/UBS/CS/DB/WF tier bank. I really want to do PE, especially a MF or something of that nature, but am kind of scared that because of the quality of my undergrad and quality of my bank, I wouldn’t have a shot. Is it possible or feasible to try to lateral after summer analyst or after one year to a GS/MS and what does that process look like? Any advice or recommendations from someone who has made that leap? Thank you
I mean, if you want.
No wonder you go to a shit school and shit bank. Too lazy to look at the hundred of other similar threads posted. Your situation isnt unique
This is the one other thread I found to be relevant:
https://www.wallstreetoasis.com/forums/lateral-to-gsmsjpm
Of course I already looked at the other threads. There's plenty of stuff here on this site about lateraling but it's all semi-relevant
you angry little boy. what's good with you? seek help
ok daddy 🥺
If you looked at other threads you would know that lateraling is always an option. From RBC/CS/DB is going to be tough if aiming for GS/MS, I would network extensively with them but also include EB's, JPM, and BAML.
A lot of good info on lateraling on here, just do some digging. Good luck
Personally know two people who went Deutsche to GS TMT and Wells Fargo to JPM Also CS to Qatalyst (not sure why you included CS with these other banks btw, doesn’t make sense)
I know personally of at least one individual who went from a MM to JPM this year
Are you saying they lateraled as a 1st yr or got ft offers there after their SA?
First two lateraled as first years, last one was SA -> FT (common since Q always hires full time outside of intern class)
RBC and CS are a clear step above UBS, DB, and WF... not sure why they're included here. CS is an undisputed BB and wouldn't be a stretch to lateral to a GS/MS given the hot lateral market right now if you're in a strong group (sponsors, M&A, tech, industrials), same goes for RBC.
UBS, DB, WF are a clear notch below and get less respect so will be more difficult but it happens. People lateral up all the time, wouldn't listen to the interns/prospects here blabbering based on WSO rankings
Agree completely on CS but not on RBC (assuming that’s where the downvotes are from)
If your goal is to go to a MF, realistically the only place I wouldn't advise you to leave asap is CS. Historically punch above their weight class in PE recruiting (honestly grouping them with these other banks is like, absurd). RBC is definitely on the rise (in reputation and league tables) but tough to place at a MF given where they play in the market. I would try to get out of DB/UBS/WF within your first year if you want to be at a MF.
Okay! That is what I’ll aim to do.
RBC sucks. CS doesnt suck if it’s a top group.
RBC is seriously overrated in this forum. Just look at the league tables posted a few days ago. They’re lower than DB and significantly lower than UBS and CS. Order goes 1)CS 2)UBS 3)DB 4)RBC. The numbers tell the story.
Make sure you’re considering head count and number of deals. Can’t just compare gross M&A value - e.g. EBs can be lower in league tables than their reputations suggest but it’s because they’re smaller platforms who do fewer (but bigger) deals
where does HL CF fit into all this? equivalent to UBS?
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