Tips for lateraling?

I’m currently at a regional boutique hoping to lateral to NYC sometime in 2H 24 and am hoping I can get some advice. For reference, my bank does LMM, doesn’t have an office in NY, and I’m from a non-target. Would prefer to lateral in as An2 and honestly don’t care if I miss out on CY23 bonus for the right opportunity. Any tips?

3 Comments
 
Most Helpful

Network with banks/groups that post open spots and be knowledgeable about the space and their positioning. There will be more spots (but also more competition) in September after bonuses are paid out. I'd start looking in the spring and be proactive about talking to people at the banks that do post spots.

From LMM, you are probably looking at MM / boutique banks. BB/EB would have been doable in 2021, but they have a ton of candidates right now, mostly from other BBs and already in NYC, so I wouldn't spend too much time on those.

 

Ut velit ad rerum et esse quia. Aliquam hic aut voluptatem eum placeat quidem odio deleniti. Esse a explicabo est accusantium dolores ullam. Aut ab et delectus molestiae deleniti amet inventore illum.

Beatae est quis blanditiis explicabo saepe aut. Qui aperiam qui sunt aliquam. Voluptatem et unde ullam culpa fugit cupiditate. Doloribus nesciunt quas voluptatem nesciunt.

Libero ullam ut dolores. Mollitia odio dolore corporis molestiae assumenda soluta. Quaerat sit sed vel aliquid.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 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

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (47) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (74) $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
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
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...”