Those of you who lateraled banks, why'd you do it? Currently getting a lower quality experience
Currently thinking about lateraling because I've been in my M&A group for close to a year now and I'm not really getting that good of an experience, as I've yet to close a full out deal (I could definitely spin pitches into sounding like deals for PE, so on paper I look fine, but haven't really done anything terrific like some other friends who have closed like 2 or 3 sell-sides in the past year so I haven't gotten anywhere near a decent learning experience).
Those of you who lateraled from one investment bank to another at the junior level (analyst / associate), what triggered it? For me, I'm unlikely to do it but highly considering because I think my seniors just aren't pursuing that many deals and they're not exactly working super hard, so I don't get worked that hard, most weeks have been close to 60 hours, but honestly closer to 55, haven't worked a single weekend. I'm not exactly a hardo, I just an ambitious person and have a strong work ethic and can't help but feel like I'm not working my full extent so it's lowering my personal morale, I used to have an internship where I worked longer hours and really enjoyed it because I was more in my element.
Before someone goes "haha please tell me the group" or whatever, I really want you guys' perspective. Honestly, I'm not asking for a sweatshop or anything, just a better experience even if it means 70 to 80 hours, but a massive concern I have is that I end up getting into one of the PE firms I'm pursuing, which honestly is a very likely possibility, because ironically enough, my work life balance has given me the chance to prep so much for PE that I come off more polished than my buddies who work at sweatshops but haven't gotten the time to practice nor prep for their modeling (so I've end edup looking better in interviews just cause I can talk the talk more), and I end up not being a good associate just because the quality of my learning in my current group has been low.
Thoughts? Anyone else ever felt like this, in this awkward in-between spot?