How does lateraling in IB work?

I got an offer in a capital markets group at a lower-tier BB. I'm probably gonna take it right now because of the current job market, but I'm thinking a lateraling to another bank after one year, hopefully to a better group and a better financial hub.

How does one go about this? Would I just start applying to other banks after about 6-9 months at my current role? Are there specific job postings that are specifically looking for 2nd year analysts that have 1 year of experience somewhere else?

And if I am able to lateral, would I be treated like a 1st year analyst and have to start all over again? Or would I be treated like a legit 2nd year analyst, the same as others who originally started out at that bank/group?

Because I wouldn't want to lateral to another bank if I have to start from scratch all over again and wait 2-3 years to become an associate.

0 Comments

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Guggenheim Partners 01 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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

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...”