Explaining Desire to Lateral

So I currently work at a MM bank in ECM.

 

I have been interviewing at a few BB/EBs to lateral, however, I feel as if I have had some difficulty explaining my desire to move. I have been basing it off of a desire to learn more and work on larger, more exciting transactions.

 

How else would you explain a desire to lateral aside from saying "I think my company is not moving in the right direction",  "my associate/director sucks" or "this bank pays more/is more prestigious". Keep in mind I am trying to lateral the same group. Any insight would be great, especially from someone who has experience interviewing lateral candidates.

 

Thanks!

Comments (5)

 
  • Analyst 3+ in IB - Ind
Sep 28, 2020 - 12:53pm

What group? if a sector, i'd say access to more sophisticated clients. If something like LevFin, i'd say better resources and ability at a larger scale. Regardless- should just mention that at the analyst level it's a better foundation to work off of 

 
Sep 28, 2020 - 1:36pm

U need to do research more into companies when u apply then. Look up xyz brand name deals and base it off that, or average deal size or decent mandates. Maybe they have built a strong name because of ' 100 billion deal 5 years ago and every few years having mega deals ' or some shit

Just do the research and explain fit based on ppl Networked with

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