Move from ECM to coverage / M&A

Anyone have any experience with switching from ECM to coverage group? Going into my A3 / ASO year in ECM and want to make the move over to coverage for some better exit ops. Been working on my modeling using WSP and studying technicals. I think my MD and team will be supportive in my decision to try to move. Has anyone seen or experienced this move? Chances I stay as a ASO / stub associate next summer when switching over? What was the process like after your team gave you the ok? Interviews just as hard as it would of been for other hires or more chill since you are internal? Any insight would be appreciated. Thank you

15 Comments
 
Most Helpful

Interviews would probably be easier since you’re internal. If your MDs can give you a recommendation, even better. You may have to repeat your An3 year to get accustomed to the new group / work, but that may actually be a positive if you want to recruit for something, especially buyside (gives you more time before you “age out”).

Would see if your MD can make intros to your groups of choice, and then approach from there. It will be easier to get you up to speed than some MBA Associate, so you have a pretty decent shot I think.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (67) $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
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
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...”