LMM Looking to Lateral Out

Currently a 1st year at a LMM shop in NYC. My team is half great guys who can get shit done, and the other half washed-up or brain-dead MDs. My pay is way below street - got essentially no bonus. Half of the deals are terrible, but mostly public markets with maybe a third being private or M&A. Very lean deal team and I am the only junior capable of doing actual work. We don't do much real modeling so need to learn a lot of that myself in free time. 

Really could use some guidance on what my realistic exits are to MM (are BB even possible?). Has anyone gone through a similar experience?

7 Comments
 

Pariatur tenetur voluptatibus animi et facere quis et. Ipsa molestias unde odio est quaerat nam. Ut porro ullam nobis vero fugit.

Minus dolor quisquam quia. Ad quam cumque eius eius. Eveniet quae velit nesciunt eius eveniet omnis accusamus. Officiis quo blanditiis aut enim vitae minus. Fugiat consequuntur blanditiis sit.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
GameTheory's picture
GameTheory
98.9
6
DrApeman's picture
DrApeman
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”