Lateral to London BB from continental Lazard
Hi guys,
I got an internship at a continental Europe Lazard office coming up sometime soon, but ideally I'd like to move to a BB in London. Is this a common move? Unfortunately I won't be able to intern afterwards in London as I'm graduating soon, but Lazard would be my third IB internship. Would it be possible to get an analyst position in London without converting from an internship? Otherwise I think my best shot would be to convert the Lazard internship and lateral to London after one or two years. I feel like this should be pretty doable, but ideally I'd go with the former option. Is anyone able to comment on whether these options are 1) viable and 2) make sense? I'm not terribly interested in PE, so getting there ASAP is not a concern. Thanks in advance.
Not uncommon but defo not "easy" move. Converting there and then lateraling sounds easier. You also have the option to try and move internally to London office - which is doable - and then move on from there. All sensible options.
Thanks, really appreciate your input. I had a gut feeling converting first and lateralling later would be easier, but I'll keep an eye out for FT openings in the meantime.
If you happen to know, could you elaborate on how Lazard is regarded in London? Would moving to a BB from Lazard after one or two years mean 'resetting' to A1 again?
It's well regarded and in the face of it you shouldn't be asked to repeat a year. It might be the case with some banks but probably not the base case.
Directly starting as a FT analyst at a BB in London without having converted one of their internship programmes is tough, especially in this environment. I think the few available positions are filled via references and networking so not having boots on the ground puts you at a disadvantage. Also I heard people put a "discount" on Continental Europe offices but not sure.
Getting the return offer from Lazard would be a first good step. You can then try to leverage it in London. Your previous IB internships coupled with hopefully a more positive market could make the move possible.
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