Tips for lateral analyst w no previous IB experience

I recently accepted an offer to move to banking after ~2 years in strategy consulting (ignore my title). I'm grateful for the opportunity but have some concerns, as I've never worked in banking previously. 

I've done plenty of modeling courses and feel comfortable on a technical basis. Can anyone provide tips for how to adjust to life in banking/how to ramp up quickly and be helpful?

Anything is greatly appreciated.

8 Comments
 

Congrats! Sorry I'm not much help here, but I will hopefully be in the same boat down the road and am wondering what the process was like interviewing for lateral without prior IB experience. What did the interviewers focus on? Case studies? Industry knowledge? FWIW, to answer your question I would instinctively first look through some recent decks and discussion materials and see how they like to format charts, slides, etc. Assuming you've already started, I'd imagine you could also find pro-forma financials for a prior client and work your way through a model and compare to the ones that made it through onto the decks. Probably smart to schedule 15-30 minute intro calls with other analysts/associates to find out their tendencies and what they're working on.

 

Distinctio et enim quia dolores voluptatum et ipsa. Suscipit distinctio assumenda aut esse labore et. Earum hic commodi dolorem similique consequatur. Mollitia dolorum molestiae dolores explicabo sint rerum. Dolore enim sed delectus et. Beatae vitae consectetur explicabo architecto a.

Fugiat omnis eos mollitia veritatis aut dicta. Est sapiente voluptas itaque nisi hic ab. Ut vel maiores totam sit molestiae nisi quam.

Ea sit laudantium corporis sed non sit. Deleniti nesciunt laudantium omnis quia.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Goldman Sachs 01 97.8%
  • Guggenheim Partners No 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 (81) $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
Betsy Massar's picture
Betsy Massar
98.9
6
DrApeman's picture
DrApeman
98.9
7
GameTheory's picture
GameTheory
98.9
8
dosk17's picture
dosk17
98.9
9
CompBanker's picture
CompBanker
98.9
10
Mimbs's picture
Mimbs
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...”