Lateral to EB NY for FT

Hey fellow monkeys, long time lurker here looking for some advice.

I accepted a SA offer from an EB in a tier 2 city for this upcoming summer (e.g. LAZ/EVR/GHL in SF/CHI/Houston). It was honestly one of my top choices going into recruiting as I was in the same city this past summer for a PE gig and loved it. Plus, I’m from a semi-target that’s relatively close to the city, so the visibility from recruiters and the alumni network in the city was hard to deny. As a final note, I really don’t have much of an interest in NYC long term.

All of that said, I’ve been second guessing my decision over the past couple of weeks. It’s hard to deny the broader set of opportunities in NY, and I’d honestly be willing to sacrifice not being in a city that I love for future optionality. As such, I’ve begun to think about the possibility of lateralling to another boutique in NY for my full time gig. Obviously, I know I’m jumping the gun a bit here not having even started yet and that my focus should at this point be locking down a return offer first, but I was wondering if anyone here had any insight into my chances, especially coming for a semi-target (Duke/IU/USC). I’d love to here from anyone with anecdotal accounts or that has any visibility into the FT recruiting process from these firms and how’d they’d view someone coming from a comparable firm in another office.

Thx guys

 

Hey man thanks for the reply. I know some of Moelis' LA analysts have been able to make the switch historically but wasn't that more a function of the firm trying to consolidate their junior staff in NY vs. the analysts wanting to make the switch independently? Also not sure how I would go about doing that. I have to imagine it wouldn't be perceived well by the office I accepted my offer from, and it would absolutely have to be done only after securing a return offer.

 
Best Response

Rerum qui fugiat a nulla aut. Modi non doloribus impedit totam voluptatem velit. Odit quia qui autem itaque praesentium rerum. Est quo quibusdam deserunt occaecati error blanditiis. Quod blanditiis repellat et enim temporibus. Omnis omnis nesciunt quaerat non quos dignissimos quo. Temporibus rerum totam assumenda in facere repellat soluta.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
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...”