Lateral from MM as VP or Director to BB
Has any one seen people lateral at more mid levels? It's definitely possible as an AN, Assoc, or even a VP1, but curious if anyone has seen a title for title move at the VP or Director level?
I've heard the more senior you become, the more locked in you are to the respective size. Maybe you can move to an EB if you're really good. Curious if anyone's seen it happen from a MM to BB though.
I've spoken to an alumni at my B school who went from BB to MM I believe in his VP years. Now a director working solely with sponsors on sell-side deals.
Thanks - have you seen anyone do it reverse? Grew up at a MM, but then lateraled to a VP / D position at a BB?
Bump
Short answer is yes. In my BB coverage group there were a handful of senior associates and VPs that lateraled here. It was somewhat circumstantial though since we had peak deal volume last year. You just have to be opportunistic from a timing perspective. Edit - they joined from the tier of banks similar to Piper, Raymond James, Mizuho, Stifel, Oppenheimer, etc.
Super helpful. Always kind of heard it was hard to move upmarket especially as you get more senior
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