1st year analyst, bb lateral

I'm currently a first-year analyst considering lateraling to a bb from a mm bank. My primary motivation is that my current group is systemically understaffed until the summer at the earliest (A to VP and above coverage ratio of less than 1) and it's hindering my ability to learn new things (no one has the time to teach me and we all agree that that is the case). The jump would entail changing industry groups.

Pros: New 10k signing bonus, guaranteed top bucket bonus buyout, better name
Cons: Switching industries, burning bridges at the old bank, effect on resume

Anyone have any advice on this? I'm particularly worried about changing industry groups and damaging future buyside exit opportunities

Thanks for your thoughts

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (4)

Jan 22, 2012 - 1:26am

Is the BB group doing deals and do you feel you will get a piece of the action? Even if you're just on mandates, you still get good talking points for an interview to flex your understanding of the buyside investor POV. I don't see how you'd damange your exit opp prospects.

Jan 22, 2012 - 12:22pm

I believe that I will get equal deal experience (albeit in different industries) at either bank. We have good deal flow in my current group and the bb group has good deal flow as well

I suppose that as long as I have a good answer as to why I switched banks mid-way through the analyst program I should be all right

Jan 22, 2012 - 2:05pm

Provident pariatur nobis sunt saepe. Iure ut commodi ut accusamus ipsum aperiam odit. Et qui accusamus commodi aut qui inventore nulla eligendi. Neque quam quisquam animi natus.

Quis modi laborum voluptatum vel voluptatibus nihil ratione. Aut nostrum numquam velit quis aliquid.

Start Discussion

Total Avg Compensation

September 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (38) $367
  • Associates (217) $232
  • 2nd Year Analyst (130) $153
  • 3rd+ Year Analyst (30) $147
  • Intern/Summer Associate (102) $144
  • 1st Year Analyst (478) $135
  • Intern/Summer Analyst (375) $82