hi all,
i'm 5 months into my first year analyst stint at an 'elite boutique' and it's looking like i'll be lateraling over to a bb. i've actually enjoyed my time at my current bank, and i'm only moving because of the prestige (i know this is not the best reason). what's the best way for me to leave without being a do*che about it. thanks
| +100 | No return so what are the options left | 47 | 20h |
| +70 | One year since I didn't get a return - advice | 7 | 19h |
| +27 | Not Getting a Return Feels Like Everything Was Taken From You | 12 | 13h |
| +15 | Seeking Advice | 5 | 19h |
| +12 | What do I do atp | 16 | 6d |
| +12 | Tech -> High Finance, Need either reassurance my plan could work, or a brutal reality check | 5 | 5h |
| +12 | BB finance analyst trying to pivot — how would you do it? | 3 | 3h |
| +10 | Recruiting chances | 7 | 29s |
| +9 | Full Time Recruitment | 2 | 4d |
| +9 | Career gap | 1 | 3d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
You're def gonna burn some bridges, so your approach needs to involve how you can burn the least amount of bridges / not piss people off.
1) Do not tell anyone at your current bank about where you are going / reasons why you are leaving. Your team will ask you when you announce your 2 weeks but you always should give a general reason like "it aligned with my personal interests/best decision for me going forward"
2) If you can, you should be proactive in getting the analysts up to speed who will be taking over your deals. Idk if you'll be able to know who will, but when 2nd years leave, the nice ones will help the analysts get up to speed on wherever they are in the deal process.
3) NEVER talk shit about any ex-banker you worked with/your previous bank. Seems like common sense, but you'll be surprised at what some jackasses in this industry do when they leave their bank.
Am I the only one who finds suggestion 1 a bit weird?
It seems unnecessarily hostile, and it implies that either 1.) you're sparing the person the pain because you think it will make them upset or 2.) you think they care enough/have nothing better to do than to try to harm your reputation at the new bank. Odds are they will find out when they see it on Linkedin anyways.
I get it for reneging, especially if the other bank doesn't know that they're reneging, but seems unnecessary (and even off-putting) when it's just a lateral.
Has it been easy to get interviews with only a few months of experience?
relatively easy - just reached out to alumni after applying online.
Have you been applying to postings for “experienced analyst” that want 1 year+ experience? In the same boat looking to lateral but have tried to avoid these experienced analyst postings
not really - when i see an opening, i reach out to someone i know at the bank (alumni). i believe that getting some internal push helps from not getting dinged due to the 'experience'
tbh i've only applied to two positions so i'm not sure how legit my take is.
Qui sunt omnis iste recusandae. Quaerat commodi iusto consectetur et voluptas. Nemo dolores dignissimos molestias consectetur temporibus doloremque et itaque.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...