Advice needed: Lateral out of a niche group

Currently a second-year analyst in a top but niche BB group (think FIG, RE, Energy). Graduated top of my class from a strong target in 2020. While the group has steller buy-side placement, I found myself not that interested in the sector and want to lateral to industrials/consumer groups at different banks. Any advice on how to proceed? Should I start cold emailing alumni at other banks? How to keep track of opening lateral IB analyst spots?

5 Comments
 

Do you have good relationships to move internally, if you're not dead set on leaving anyway? If so, I would reach out and say you want to make the switch - same level of seriousness you would use in networking externally.

If not, start emailing relationships and alumni. When you have these conversations, be able to clearly describe how the work you've done easily translates into the work you want to do. Frame it so it's not a risk for them at all.

 

Deserunt unde molestiae praesentium illum. Voluptatem enim hic voluptatem maxime nesciunt ad. Culpa dolore adipisci illum illo asperiores. Suscipit provident vel porro laudantium aut aperiam.

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 (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $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
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Betsy Massar's picture
Betsy Massar
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...”