On-cycle as a lateral analyst
Hi all, 6 months into my analyst stint and will be moving to a top EB.
How are lateral analysts viewed in on cycle recruiting? Do they have a harder time than other analysts who started in the group?
I suppose I’m in a unique situation because
1) I’m moving very early
2) on cycle is delayed and I should hopefully have time to get some deals under my belt in the new group by the time recruiting kicks off. Plus I already closed a deal at my other bank.
Will I be fine as long as on cycle isn’t very soon, or does it make sense in this situation to sit out up coming cycle and recruit next year on cycle?
What is the issue here? You moved to a stronger group with better opportunities. I don't think people won't get the story. I think you are overthinking this. Unless you downgraded banks I think this is fine, there's a huge lateral market right now. I know several laterals who recruited during on-cycle and got better PE stints than some of our non-lateral analysts.
That’s helpful thanks. Main question was if my PE candidacy will be just as strong as non-laterals in my group, and it seems like yes
Could you please PM me? Looking to lateral and hoping to learn more
Can you pm me a bit about your lateral process rn, someone I used to mentor that did FTIB recruiting is trying to move into a better group as well
Fwiw a big HH shop recruiter told me to my face that I will not be that strong of a candidate bc I lateraled. I went from top corporate banking shop to BBA ib though, so that may be different for u.
BBA?
Likely because you started in CB as opposed to because you lateralled though.
Full time (when if so) or summer to FT?
You’re fine. You already have deal experience and now you have a better bank name. You’re better off than if you didnt lateral. Just have a rationale for the move
There is literally no reason to worry. Two of the most important things HHs and PE firms care about is bank name and the quality of your deal experience. From what it seems like, you have both of those boxes checked off.
You should be focusing on interview prep now- be able to talk intelligently about your deals, walk through resume, LBO modeling, technical questions, PE firm/fund research.
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How did it play out for you? I'm finding myself in a similar position and would appreciate any info
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