Lateral Hiring
It’s no secret that lateral hiring is rough right now. With constant news of layoffs, it’s beginning to feel like an endless battle with being hired to a firm as a lateral hire. The job market has been bad for high finance laterals since 2023. While it is always hard to break in, the opportunities just aren’t there like they were in 2016-19 and 2021. Does anyone have a recent success story on how they broke in laterally from a non-traditional background in recent years?
Got an offer this week as a CIB analyst to a MM. There’s hope
This is great to hear! Congrats! Do you have any pointers?
just really be able to speak to the deals you were on and what you held the pen on. Also, tell a good story that's specific to their firm
I feel like they are somewhat hiring around: was at a MM and got lateral offers at multiple EBs and top tier BBs (across multiple groups as well within the same firm).
It took a couple months delay from application to interview offers but once one reached out there were a ton of them and they all moved pretty fast (1-2 rounds, model case study over the weekend, superday) all within 2 weeks.
Headhunters could be helpful as well (less so the buyside guys, though they do run a couple searches for EBs every once in a while, SJ and some other general recruitment firms were running processes for MMs and some EBs).
Did you network or was it through online postings?
Mix of both (a few through HH but mostly through online - LinkedIn lol)
NYC?
Mix of NYC, LA, SF (which were the only places I applied)
are you in a specialized group or more generalist role
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