Lateral interview turnaround time?

Has anyone done the lateral process before and can comment on how many days to wait after the final round / how long it took? I would imagine that it's slower than the superday process for SA / first years. For context, had ~5 interviews that I thought went very well and haven't heard back for about a week. Don't think they're interviewing many others since it's a pretty casual process. 

5 Comments
 
Most Helpful

I sent in my application on October 29th. Got an email back on November 23rd saying they were interested and wanted me to complete some online questionnaire form. Finally got an email from an HR person on January 24th. Had my first round interview on January 27th which was an hour with 3 interviewers. Heard back on February 2nd that they wanted me to have a second round interview. Did the second interview on Feb 7th and it was 30 minutes with 2 interviewers. Heard back the next morning that they wanted me to have another call with someone so I did over the phone on Feb 8th. Heard back the next day that they wanted me to have a call with the head of the group, so that was a 30 minute call on Feb 10th. Got a call on Feb 14th giving me the verbal offer and I got the official letter on Feb 17th. My start date is now March 21st. 

 

Highly dependent on firm and surprisingly not even major differences solely based off of size. Some of the BBs are well oiled machines which crank through the process. For the small nimble nature of many boutiques, many rely on internal Hr teams which are already staffed on other workstreams and are very slow at responding. I know this is really a non answer but my best advice is to build some close/trusted connections at each firm and follow up with them if the process stalls.

 

Fuga quo sit exercitationem placeat nulla sed. Nemo nesciunt tenetur eos mollitia libero laudantium impedit. Dolorem non dolor est placeat minus voluptatem. Veniam ipsam quia enim quas.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 01 98.3%
  • BMO Capital Markets 13 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $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
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Jamoldo's picture
Jamoldo
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...”