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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.
 

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