Lateral Market 2025

Based on the most helpful WSO content, the lateral market for investment banking analysts has been challenging in recent years. Here are some insights:

1. Current Market Conditions:

   • As of early 2023, the lateral hiring market has been tough, with headcount reductions and fewer roles available. Many IBs are downsizing, and there is increased competition from candidates with better credentials.
   • The market in late 2022 and early 2023 was also difficult, with fewer opportunities and a lot of uncertainty.

2. Historical Trends:

   • In 2021, there was a high demand for laterals due to analysts quitting at alarming rates and banks looking to bulk up their analyst classes. However, this was an exception rather than the norm.

3. Future Outlook:

   • Given the current economic turmoil and the cautious approach banks are taking towards hiring, it is uncertain whether 2025 will see significant improvements. The market environment and economic conditions will play a crucial role in determining the lateral hiring landscape.

In summary, while it's difficult to predict with certainty, the lateral market in 2025 may continue to face challenges similar to those seen in recent years unless there is a significant economic upturn.

Sources: Guide to Lateraling in 2021, Guide to Lateraling in 2021, Analyst Class: 10 Years Out, Associate 1 at no-name boutique. How screwed am I for lateralling in the current environment?, Lateraling Guide for Investment Banking