How to Lateral Internally?

Hi Monkeys, I'm currently a first year analyst in a BB coverage group. My group is split between New York and the city where I currently work. I accepted the job out of college in this city because it was the first IB offer I got, but my friends from college that were expecting to move to this city ended up accepting offers elsewhere. I like everyone that I work with and I like the group's culture, but outside of work, I really know no one in this city. Pretty much all of my college friends are in New York and I've found myself wanting to move to New York for social reasons. My questions for WSO are as follows:

1) What's the best way to approach moving to a new city while staying within the same group?  Does anyone have experience with how to approach this/any tips on how to get approval to do this internally?

2) If I am told no when trying to move internally, what would you recommend doing? Should I start looking to lateral to different jobs?

3) Should I wait until after bonuses next summer to make this request?

Thanks for any and all advice.

3 Comments
 

Voluptas deleniti perspiciatis suscipit maxime et itaque. Ratione quod quis inventore quia.

Deserunt porro eaque non dicta modi veritatis harum. Aut assumenda quia soluta minus esse accusamus.

Beatae quis perspiciatis qui veritatis. Perferendis excepturi quaerat magnam corporis quos. Ipsum et veritatis est totam. Dolores ex non magni quod praesentium. Dolorem voluptatem est consectetur consequuntur laudantium tenetur.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

September 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 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (53) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (15) $159
  • 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

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
dosk17's picture
dosk17
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Linda Abraham's picture
Linda Abraham
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...”