Been looking to make a move to a BB / EB from a top MM (Jef / Houlihan / Piper) and top group. Seems like lateral opportunities at the analyst level are slowing down tho. Fewer posts on LinkedIn etc. Are market conditions driving down demand? Or will hiring pick back up in February / March.
| +349 | Evercore Intern Seizure | 56 | 3h |
| +60 | JPM M&A is Gone??? Purely Coverage Banking??? | 30 | 4h |
| +57 | Is DCM actually underrated ? | 24 | 6h |
| +48 | Losing my personality in Banking | 9 | 6h |
| +48 | How do I understand vs. just memorizing? | 6 | 5h |
| +47 | Are all Tech / TMT groups sweaty? | 38 | 10h |
| +42 | Associate & Above IB exits | 16 | 3d |
| +39 | Am I behind? 31 Year Old Analyst | 9 | 2d |
| +32 | Incoming IB Analyst: Best Ways to Prepare? | 10 | 3h |
| +27 | Which groups are ideal for laterals? | 12 | 5h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Same question..following
Following.
In two lateral processes currently. Hoping to secure an offer in the next week. Definitely looks like it is slowing down, but could be just based on seeing the number of people who leave post bonus
Still furious activity from the headhunter side in terms of reach-outs. But I wouldn't be surprised if it slows down now or very soon given lower deal activity especially on the capital markets side (no one really knows when the volatility is going to end given the rate increases and the geopolitical tensions rising esp. wrt russia/ukraine) and the increases in fixed comp. Not sure but just a thought.
Just wrapped up A1 lateraling in capital markets. I think it’s still pretty hot. Still seeing new positions and firms are still reaching out trying to schedule interviews.
That said, I think it will slow down in a couple of weeks.
At the highest level, the higher the geopolitical tensions, the more volatile the markets are and the less likely deals are to get done. Keeping up with Bloomberg and Reuters etc should be helpful enough to keep up with why this is the case given they do a good job usually bridging the gap between understanding market volatility and what current events are helping cause it.
Currently an Analyst at MM. Random people reach out to me to go to different BBs so I guess banks are still pretty desperate.
Think it’s slower on the A1 level - which I’m assuming applies to OP given the posting name. I would imagine things pick up near end of February.
Is it because end of Feb people get their bonus and leave?
Following
Just finished recruitment at GS IBD and have been in the market for a little while now. I'm usually a perpetual optimist but I do think that lateral opportunities are slowing a bit. If we evaluate based solely on the number of LinkedIn job postings, the "peak" time to recruit laterally was probably late last year. MS had a large wave of lateral recruiting last year so did JPM and a few Boutiques (Moelis and Evercore come to mind). I'm thankful GS worked out, but hypothetically if it did not I would probably wait for 1 month or so in anticipation of firms who pay December/January bonuses to have some analyst turnover and try again. I should preface this take that I'm already at a BB (Barclays, Citi, BAML) so not super familiar with similar positioned firms or lower market firms.
When can I anticipate lateral hiring to pick up again? Would it be sometimes in March or May?
Won't pretend to be an expert by any shot but I would imagine we will see resignations by the boatload after the DD hits EOM or early Feb. They'll likely begin to immediately start filling spots although banks like Citi really shouldn't be surprised by the outcome given the shenanigans they just pulled. My advice would be to get that free LI Premium trial for a month and start scouring the job boards for banks you like on a daily basis like it's reading the paper. One helpful piece of advice is that all the EBs will have a singular designated recruiting lead (CVP, EVR, GUG, PJT, MOE all have 1 person who can easily be found on LinkedIn). Add them and reach out with your resume and give your top choices on what groups you are interested in. BB's are tough, their processes are very bureaucratic and outsourced externally or to very large HCM teams in some random place like Dallas or SLC. For these, you just gotta network to be pulled or apply and pray.
Are u a first or second year? I haven’t had any luck at gs as a first year but I’ve seen a lot of second years move
I'm a first year
Feel the same way. There aren't much roles open at the top groups/banks.
Seems to have def slowed down now. Getting into processes are much harder.
Deserunt temporibus assumenda temporibus beatae. Laboriosam omnis sit ut dolor nemo. Nisi dicta magnam quidem tenetur ex. Quia suscipit quia nobis aliquam et deserunt.
Quia voluptatem debitis optio et perspiciatis. Est quas doloribus sed nulla ex aut.
Nulla odio porro placeat laudantium perferendis suscipit. Ratione sit molestiae quibusdam. Harum libero est fuga. Quam voluptas quam voluptas est eum maxime eos.
Aut ipsum non aut aut. Ad tenetur minus alias velit. Inventore ex ut quia et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...