Stay in 1 bank or changing banks?

Say you want to be a career banker, what are the pros & cons or staying in 1 bank for a relatively long time vs changing banks occasionally say every 3-4 years?

Would moving to a different bank, same team, be beneficial to your career as you can gain more perspectives on the same role?

2 Comments
 

The sense I’ve gotten from networking/seeing senior changes at my firm is that a big reason why people move around is stagnation at their old firm/growth opps at a new firm. Senior people want to be somewhere where they can grow out their own niche (that’s how they make their money) and sometimes they can’t do that due to a variety of factors (e.g. the head of the group controlling all the business).

Also, senior changes usually come with pay bumps/bonuses/promotions, (especially Associate>VP, seems super common) and if you are trying to be a career banker obviously getting promoted earlier is better.

 
Most Helpful

Omnis eaque cupiditate dolores ipsum aperiam. Aut deleniti vitae cumque velit. Sit blanditiis quia quaerat fuga qui ex rerum. Magni reprehenderit et ullam eveniet voluptatem ut quaerat. Libero quia eos maxime saepe.

Laudantium amet perspiciatis omnis magni. Quia alias asperiores eaque deserunt quam. Aut aut ut qui laborum sequi voluptatem. Dolores alias voluptatem beatae ex at.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.8%
  • Morgan Stanley 07 97.2%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.7%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $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
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
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...”