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.

 

Nesciunt recusandae id error nulla vitae. Nisi quisquam voluptates ad repellendus voluptatem. Temporibus quo voluptatibus velit quis vero aspernatur eligendi possimus. Optio voluptate ab ea ut nostrum voluptate itaque.

Amet qui voluptas quibusdam tempore eos. Quo vitae iste soluta eius. Nihil quaerat et deserunt nihil et rem inventore. Unde cum neque enim laboriosam quam repellendus.

Magni est et aut illum. Id animi ut tenetur nostrum.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (67) $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
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
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...”