Solid LMM -> BB Lateral Possible??
Title says all. Wondering if I should move upmarket to MM then BB or if direct movement is possible. THANK YOU!
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direct is possible
Thanks for encouraging words. Still true beyond this year?
Direct seems possible indeed, at least in principle. Suggest you try and maximize chances by going for it now/soon if you feel you have a decent experience already.
Possible but would it be exceedingly difficult? Feel like there are plenty of MM analysts looking to lateral with more solid experience.
No-one can answer that tbh and from my experience, there's no "easy" move. Regardless of where you come from (MM/LMM/EB) and where you want to go, it requires a number of things to be aligned for you to get an offer. Truth is you can't control all of that. You don't know how many other MM candidates are out there and how many of them are good enough to actually be competitive. Prepare as much as you can and try to use the advantage of the hot market. This move is possible and that's all you need to know.
Honestly, you need to ask yourself why BB is your goal over MM or EB, plenty of great shops in that area. I understand that a lot of people get hung up on prestige and think BB is the holy grail and to each their own but make sure you have a reason for wanting BB over other shops. I personally work in the MM space and have no intention of moving to BB, but that's because I really enjoy working with firms in the growth stage and have no interest in working on mega deals.
Absolutely possible
Now is probably the best time to go upmarket given all the attrition that banks have seen from junior banker burnout
Realize lateral market is hot rn. Thoughts on the market for an incoming A1 looking to lateral in 6-9 months from now?
Hard to say with certainty...WFH phasing down over time (though not likely to completely disappear in the timeframe you're referencing) should improve some of the morale that is leading to all the recent issues, but the offset is unless deal activity itself slows down, burnout rates will be slow to normalize to pre-COVID levels. So all of that is to say i think you'll still have a good lateral market in 6-9 months but i will guess a bit calmer than what we're seeing currently.
Yes it’s possible, did it 7 years ago; my LMM wasn’t even that good lol.
Like someone else said, it should be materially easier considering elevated analyst attrition rn.
Also, talk to HHs but don’t really on them. Their incentive is to move you, not benefit your career. What I mean by that is that they’ll show you more LMMs and ignore your pleas for BB mandates. You’ll need to put in the work to move upmarket. But again, bc of historic attrition, could be less true today than it was for me.
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