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

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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

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