2 Comments
 

Based on the most helpful WSO content, here are some insights into banks that are open to full-time lateral hires and may reserve spots for them:

  1. Lazard FIG: Known to look for 1-2 lateral hires, with Superdays typically occurring mid- to late-September.
  2. Goldman Sachs (GS): Actively recruits laterals for their Cross Markets Group.
  3. Citi: May have 1-2 spots in certain groups, depending on responses from their summer analysts.
  4. Bank of America Merrill Lynch (BAML): Occasionally has 1-2 spots open.
  5. Jefferies: Continues to recruit laterals, though visibility into specific openings may vary.

Additionally, many banks, including bulge brackets and elite boutiques, are open to lateral hires, especially after bonuses are paid out (end of June to early July). Networking and reaching out directly to banks or leveraging job aggregators like LinkedIn and Indeed are crucial strategies to uncover these opportunities.

Sources: 2020 Full-time IB Analyst Recruiting, Lateralling Job Market, Internal Lateraling Guide, Lateraling Guide for Investment Banking, Firms Still Recruiting for 2020 Full-Time Analysts

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Dolores in quae non eum. Assumenda quis recusandae voluptatem sed ullam. Vel ut perferendis excepturi sed veniam rerum. Similique architecto blanditiis quisquam fugit tempore omnis minus.

Nemo quas dolorem occaecati dolore nobis cumque. Laboriosam porro doloribus aliquam et quia ex occaecati. Nobis consequatur exercitationem deserunt tenetur. Et molestiae quo natus nulla quasi aperiam. Magni consequuntur repellat beatae aut nostrum. Ut temporibus qui repellendus voluptas tempora.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
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...”