When will this lateral frenzy end??
When will this lateral frenzy end??
Will more seats open up in June/July from 2nd years leaving or will it cool down with analysts going back to the office?
Looking to time my lateral as I'm 7-8 months into my 1st year and kinda want to finish close to a year at my current group.
Not OP, but if people keep lateralling from mm banks like piper / jefferies / cowen etc. to BBs. The BB can replenish their analysts but wouldn't the mm banks be fucked, would they have to go back to undergrads?
They can look at people who are lateraling from non-IB roles.
There is always someone who what to be a banker
I would say more spots will open up around bonus time in summer too. I know friends of mine who are miserable and can’t wait to quit ASAP but are hanging on and waiting until their bonus hits
I've always been of the view that so long as you're discrete so your current employer doesn't find out, there's almost zero downside to interviewing. I go as far as to say one should never stop looking around especially when employed and you have the highest market value. Worse case scenarios are you don't get much traction or have to decline an offer, but you give yourself the upside of potentially landing a better role.
makes sense
i guess i feel like i don't have good deal experience to speak on yet, so rather than apply for a firm and get dinged, i could apply to the same firm 3 months from now and put my best food forward. if that makes sense
also it's such a huge time suck to try to lateral and not be successful so if i'm gonna recruit on top of the long hours i want a high probability of getting an offer somewhere
Honestly, especially true for large banks, if you apply and get rejected nobody is going to remember in 3 months. As an interviewer I don't remember who I interviewed a month later. Frankly in 3 months it's probably going to be for a completely different team. Also I get what you're saying about deal experience but the market is so hot right now banks aren't going to care and they need bodies, bonus if said body has ANY ib experience. Also if you haven't finished a year, the bank will know you have limited deal experience. Banks are hiring analysts from with no IB experience in droves right now.
what's it looking like for internationals on OPT or H1B looking to lateral?
any insight much appreciated
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