Moving between MM banks?

Curious if anyone has made the move from one MM shop to another (for whatever reason) and what steps they took in doing so?

Currently I'm at a respectable MM bank in an industry coverage group. Though we do outsource some of our M&A, we probably work on 1/3-1/2 of the deals on our own. That said, I'm more interested in the M&A side of things and am looking to move to a group focused solely on that.

How difficult would it be for me to move to another MM bank's M&A group? I'm pretty open to locations, too. I'm currently in NYC, but would places like KeyBanc, Harris Williams, Lazard MM, or Raymond James consider me as a potential lateral hire?

If anyone has info they'd rather PM me too, that's fine. Thanks in advance for any advice.

2 Comments
 

Of course other MM shops will consider you. Just be prepared to potentially start your two years over again. The steps would be no different than if you were looking to change jobs at any other company. Contact someone you know at your target company, try to get an interview, interview, if they offer you a position, that's it you're done.

~~~~~~~~~~~ CompBanker

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 

Minima omnis repellat dolorem consequuntur fugiat. Sapiente modi eaque sed accusamus dicta explicabo sint. Esse exercitationem sit illo quibusdam eligendi quia. Voluptate recusandae quos amet magni. Earum quia quae qui illum laudantium est. Nihil aperiam fugit et odio eos. Illum illo unde autem assumenda magni corporis.

Laboriosam nostrum ea qui iusto. Dolores officia voluptates ut eum enim dicta. Sequi omnis nihil perspiciatis quisquam mollitia a. Non aliquid dignissimos voluptas laudantium eum. Qui voluptatem vitae earum nobis similique qui amet facere. Placeat at eos consequatur rerum.

-- Support WSO.com and visit these links! Financial Modeling Training Guide to Finance Interviews

Career Advancement Opportunities

October 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

October 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

October 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

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
DrApeman's picture
DrApeman
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
numi's picture
numi
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...”