Lateraling Success Stories
I’m looking to lateral and want to hear some success stories for motivation. Lower tier to BB/EB all are welcome. Thanks
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When I was a first year analyst I worked at a middle market bank. At the time I was working on 1-2 deals and a couple pitch books. I wanted to lateral to get more deal volume and work on more complex transactions. Work was slow paced and I was tired from working 60 hour weeks where 20 of those hours were spent waiting on comments
After a year, I lateraled to an EB, where I’m now making the same and averaging 20+ hours more weekly. I am working on 3 deals of similar size to what I was working on at the middle market. It’s also 3:30am on a holiday week and I’m still working
A few of my friends / coworkers at the middle market also found buyside roles over the past several months but I’ve been averaging 80+ hour weeks during this time and haven’t had the chance to look for any buyside roles yet.
Doesn't sound like a success story to me..
Should have stayed in that chill mm seat...
In the same boat was at Citi/Barclays/BofA and lateraled to Moelis/Evercore/Lazard.
Been dealing with brutal hours for marginally higher pay (hopefully good bonus). Just sticking it out for a year then buyside
Hurry up and find your next job. Every analyst at my EB went to a top shop afterwards, I’m sure you’d get interviews at all the best places
How did you lateral? I understand you got to network but did you email them, LinkedIn? How and what did you do?
LOL there are hundreds of posts on the site that tells you how to lateral. Use the search function, key word “lateral”
overall has the switch been worth it? any other insights?
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