Lateral timeline for FT 2027

Based on the most helpful WSO content, lateraling in investment banking is a common and achievable path, especially if you're starting at a reputable LMM bank. Here's what you need to know about the full-time lateral timeline and process:

1. Timeline for Lateral Opportunities:

   • Lateral positions typically open up after bonuses are paid out, which is around late June to early July. This is when many analysts leave for private equity or other opportunities, creating vacancies.
   • Keep an eye on job postings daily, especially on platforms like Indeed.com, and set up email notifications for "investment banking analyst" roles. While you can narrow by city, casting a wider net is often more effective.

2. Networking and Outreach:

   • Start networking early, even before your summer internship begins. Reach out to associates, VPs, and alumni from your school who are at MM or BB banks. LinkedIn is a great tool for this.
   • Informal calls and coffee chats can be instrumental in building relationships and understanding potential openings. Highlight your strong GPA (3.85), semi-target background, and prior IB internships to demonstrate your qualifications.

3. Proving Yourself During Your SA Role:

   • Your performance during the summer internship will be critical. Aim to secure a return offer, as having one strengthens your position when lateraling. It shows other banks that you are a proven candidate.
   • Even if you don't plan to stay at your current bank, excelling in your role will provide you with strong references and a solid reputation.

4. Unstructured Process:

   • The lateral process is highly unstructured compared to on-cycle recruiting. Be proactive in reaching out to banks and applying for roles as soon as they are posted.
   • Many lateral hires happen through networking rather than formal job postings, so your ability to connect with the right people is key.

5. Possible Outcomes:

   • With your strong academic record, relevant internships, and a reputable LMM bank experience, you have a solid foundation to lateral to a better MM or even a BB bank.
   • Focus on targeting banks and groups that align with your long-term goals, such as those with strong exit opportunities to private equity or other desired fields.

By following this path and leveraging your existing credentials, you can position yourself well for a successful lateral move.

Sources: How to Navigate FT Recruiting: Learn from My Successes/Failures, Lateraling Guide for Investment Banking, SA Lateral, Full-time non-SA IB recruiting timeline? Summer 2020 PE Internship → Investment Banking Analyst, 2019 FT Analyst Recruiting Timeline