Lateral to GS/MS/JPM?

I've been an analyst in a coverage BB group for over a year now and have the opportunity to interview for an analyst position at GS/MS/JPM (same coverage group as current role). I lateraled into my current position from mm research (worked for 1 year, same industry as current coverage group) so I wasn't really planning on making another move for another year, but the deal flow in my group has been relatively weak and I'm worried that I'll end up with weak deal exp after my 2-year stint, making it very difficult to get into PE and resulting in me lateraling to another bank after year 2. In terms of PE recruiting, I haven't had any success in the few interviews that i have actually gotten, given the weak transaction exp.

I'm looking for some perspective on lateraling into GS/MS/JPM, given the fact that I just switched jobs last year. Any thoughts?

 

I would say make contacts with everyone you can... no matter analyst or MD.

And sorta yes about applying to the same group, but again... If you can apply to more, do it. Cast your net wide. You may be hired by the company/group that you least expect.

And why don't you want to work for DB or CS?

 

Hope you haven't created a reputation for yourself among these "former analysts" as someone who's looking to jump ship before they even start, because we talk and word travels fast--you'll need those recs. That being said, I know people who've jumped groups after their first year within my bank, so you could try to lateral internally into BAML LevFin/Citi M&A or Industrials or whatever after a year. Otherwise, yes, you can try to jump BBs, but the ones I personally know of have done so for long-term reasons.

Also, this board has a tendency to overhype exit opps from every "prestigious" group. I know a couple guys from GS FIG and MS M&A who work at completely obscure PE funds, so getting into one is not some magical golden ticket. If you're smart and driven, you'll get a couple interviews at top buyside shops regardless. In short, if the group's former analysts have secured megafund interviews in the the past, I wouldn't be concerned. I'd be more concerned with deal experience and recs rather than making the immediate leap to buyside interviews. You'll get there.

 
jiminycricket:

Hope you haven't created a reputation for yourself among these "former analysts" as someone who's looking to jump ship before they even start, because we talk and word travels fast--you'll need those recs. That being said, I know people who've jumped groups after their first year within my bank, so you could try to lateral internally into BAML LevFin/Citi M&A or Industrials or whatever after a year. Otherwise, yes, you can try to jump BBs, but the ones I personally know of have done so for long-term reasons.

Also, this board has a tendency to overhype exit opps from every "prestigious" group. I know a couple guys from GS FIG and MS M&A who work at completely obscure PE funds, so getting into one is not some magical golden ticket. If you're smart and driven, you'll get a couple interviews at top buyside shops regardless. In short, if the group's former analysts have secured megafund interviews in the the past, I wouldn't be concerned. I'd be more concerned with deal experience and recs rather than making the immediate leap to buyside interviews. You'll get there.

Thanks JiminyCricket. How do people usually jump groups internally after the first year? Don't you risk pissing off people in your previous group?
 

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