Hey WSO,
Was looking to see for anyone's perspective on lateralling before the 4-6 month mark.
Currently wrapped up my third month in banking at a mid market bank focused on the tech sector, but have always had the mindset that I wanted to lateral to a better bank within the industry (GS/MS/Q/EVR). Some of the opportunities are popping up and I was curious if any of you had success in making this leap before the 6 month mark. Understandably, I am a little stuck in trying to add experiences to my resume that are very sexy or not overembellishing.
Is the hard truth that I just have to wait for more experiences before jumping, or is this hurdle manageable through better networking / conversations / technical interviews?
Nope, begin applying now. Just make sure to have a good reason, don't use prestige as a reason although they'll know that's probably a major reason for the change. During calls, tell them banking is a huge time commitment and that you would like to commit to the type of transactions the group you're applying to is working on. Give specific examples of those deals. You can also blame culture on the switch, but only use this reason if this is true.
They might try to pick your brain a little more about your reason for the switch, asking you questions such as why not wait one year until you switch. Think about answers to those questions. A good response to that question would be I've spoken with a few people and was advised I should follow my passion and switch now instead of later, and that a large bank might not give me credit for acquiring a year of experience at a mm bank if I switch later.
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