Recently lateraled to a new bank. (Tier II/III) It’s extremely sweaty and somewhat toxic. How soon can I reasonably look for a new role? And what’s the best way to explain reason applying/interviewing so soon?
| +224 | Return Rates For Interns Are Falling? | 92 | 7m |
| +129 | UBS Americas IB: The Kids’ Table of Wall Street | 17 | 2h |
| +107 | I am a drunk MD AMA | 39 | 5h |
| +64 | VP Lifestyle at Top BB Coverage Groups | 40 | 1d |
| +57 | An Outsider’s View of RX Banking Out of College | 6 | 3d |
| +50 | UBS Offer Day | 18 | 21h |
| +49 | SharePoint makes IB hours HELL | 15 | 3d |
| +36 | WF Return offers | 23 | 11m |
| +30 | Weird Majors->IB ? | 24 | 7h |
| +29 | No return offer - feeling like a failure is an understatement | 13 | 2h |
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.
Ah, the old lateral move conundrum. It's a tricky one, isn't it? Now, based on the most helpful WSO content, it's generally advisable to stick it out in a role for at least 12 months unless you feel like progress is impossible. This is because you need to give yourself time to adjust, learn, and prove your worth.
However, if the environment is as toxic as you say, it's important to prioritize your mental health and well-being. If you're feeling overwhelmed, it might be worth considering a move sooner rather than later.
When it comes to explaining why you're looking for a new role so soon, honesty is usually the best policy. You can say that the culture wasn't a good fit for you, or that you're looking for a role that better aligns with your career goals. Just remember to keep it professional and avoid bad-mouthing your current employer.
Remember, every experience, good or bad, is a learning opportunity. So, even if this role isn't the perfect fit, you're still gaining valuable experience and learning more about what you do and don't want in a job. Keep your chin up, my friend!
Sources: https://www.wallstreetoasis.com/forum/investment-banking/breaking-into-private-equity-from-banking?customgpt=1, When did you start to “get it” in your career, I'm Tired, Career Mistake - Left IB too Soon
which bank is this? PM me
Bump
Is it a BB? What type of firm did you work at before also?
Dolorum tenetur unde eos fugit ratione eligendi. Reprehenderit consequatur neque error omnis quibusdam. Corporis voluptas asperiores adipisci necessitatibus at.
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...