Lateralling Job Market
Does the lateral job market for analysts heat up at all in January? I've been surprised by how dead it is these past few weeks...definitely anticipated more opportunities to make moves out there. More specifically wondering about banks looking for 1st year analyst with around 6 months experience.
Typically, laterals are expected to have around 9-12 months experience to make a good enough case to lateral; otherwise, the other firm won't think you've spent enough time with your current firm and might think you'll jump from their firm too as soon as the next best thing comes their way.
If you think you have a good argument even then, then you've got to constantly be Googling lateral positions or setting up notifications on job aggregators like LinkedIn or Indeed. The other important thing is that you need to create positions for yourself and actively seek out such positions. Specifically, reach out to friends or cold email other banks to see if there's an opening. There are several banks/offices across the nation that are actively hiring but aren't posting anywhere about this. These banks would be very open to taking on lateral analysts if they were reached out to. For example, I know of a BB whose NY and SF offices are growing rapidly and open to laterals at both the analyst and associate levels but are not posting about these positions. If you're actually serious about lateraling, then you will reach out even through cold emails or look constantly online for postings. Don't just wait on this site for people to tell you what to do (though I appreciate you asking the question and potentially getting some tips like the ones I just provided you).