Lateral Strategy / Options

I'm finishing up my first year at an industrials / automotive focused boutique and looking to lateral to a larger bank (top MM, EB, BB) in NYC. I've been applying to open positions on various company sites, but I think my GPA (3.0 / Target / STEM) is preventing me from getting traction.

What is my best course of action? Should I try aggressively networking and forego the resume drops? Any advice would be greatly appreciated.

Thanks.

3 Comments
 
Best Response

The biggest source for lateral hires is referrals/word of mouth (e.g. the staffer will ask the analysts and associates if they know anyone). Some times these positions aren't even posted publicly.

If the above is not applicable to you (e.g. you dont know people in the bank or group which are hiring) and there is a position posted online, make an effort to get to know people (e.g. networking + resume drop is your best bet). Find people at said group/bank on linkedin, and reach out to discuss the group, their experience, and what they're looking for in a candidate (they wont be under any false illusions, so I personally would get straight to the point and mention you are highly interested in their group). Make sure you highlight your strengths, since they'll be 10x more likely to respond to someone WITH banking experience that can actually hit the job running.

Good luck!

 

Quo iste vel alias voluptate architecto reiciendis. Odio voluptates autem inventore adipisci magnam ipsam nostrum. Temporibus aut ad consequatur iusto voluptatibus expedita sed.

Doloribus reiciendis deserunt quia consectetur. Voluptatem aut eligendi facere debitis. Inventore magnam placeat ad quia blanditiis.

Vel voluptas soluta perspiciatis suscipit. Velit et sed et quam. Debitis blanditiis ut repudiandae cumque ipsum.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (65) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
DrApeman's picture
DrApeman
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”