3 Comments
 

Doesn't apply to me personally but I've seen plenty of friends go from shit tier banks to BB/EBs. The "best" banks/groups naturally have the highest churn as kids run to PE as fast as possible, so they're always desperate to fill seats with experienced analysts. People at other solid banks are more likely to stay put, so that's your time to shine. Only downside is you may have to come in as a fresh An1 despite your experience, but that's life.

 

I lateralled to a top group at GS/MS and historically all the laterals come from good groups at BBs. That said, I think if you're looking for EBs they'd be more open because groups like MS M&A etc have only 1-2 spots a year and don't really need to look past mid-tier BBs or EBs to get 1-2 laterals whereas EBs have large classes (i.e. Evercore having classes of 60 vs MS M&A with like 10) so there's more likelihood of spots which opens up more possibilities to lateral.

 

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