MM to BB/EB as a VP
I am a VP at a known middle-market firm, working in a leading coverage group. What are my chances to lateral to a BB/EB? Would appreciate senior input, as I am not actively looking but want to understand longer-term career optionality.
Saw an associate at Baird who lateralled to VP at CS somehow
I feel like this isn’t a somehow/ it’s a pretty easy move just most people don’t do it.
Not an easy or typical move. People tend to move down in firm size for more difficult promo levels
baird to CS typically wouldn’t happen in a normal market (not a ton of openings and CS could take a lateral from another BB in NYC easily)
CS is hiring across the board to fill holes from exodus. Hires have been mixed bag, e.g. from Laz, Centerview, Citi while also from BNP Paribas, middle market shops, etc. so there is definitely opportunity for you. My group just hired a senior associate from a small regional (but heard of) industry-specific boutique
would be a good way to get your foot in the door upstream if you don't have luck elsewhere. Based on the new hires we've made I think there will be some momentum in the years ahead, but just be aware of the situation you're walking into (lot of departures, low morale, deal flow softened… this is a complete rebuild with upward potential and a great legacy brand but has risk attached for sure).
if you’re going to look at CS, I would prioritize the groups that are most important to the firm (sponsors, lev fin, M&A, tech, healthcare, industrials) as some capital will be pulled out of the IB in years to come and you don’t want to be caught in a downsizing group (if I had to guess, FIG comes to mind)
Nihil et quidem cupiditate porro vitae molestias. Non minus ut quis veritatis quia maxime voluptate eveniet. Omnis aliquid sint aut quis nemo voluptatum facilis repudiandae. Necessitatibus beatae ea quia ullam. Omnis voluptates qui accusantium expedita magnam qui molestiae qui. Maiores adipisci dolores dolor qui fuga earum odio. Assumenda quidem dignissimos laudantium illo nihil dolores.
Eligendi delectus sapiente numquam aut totam omnis consequatur deleniti. Molestiae magnam culpa incidunt voluptas et esse. Dicta ut provident qui soluta quisquam fugiat.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...