Feasibility of leveraging firm's banker connections to lateral to BB/EB IB?

Hey guys,

I am ~18 months into my current PE analyst role at a industryX-focused MM PE buyout firm based in NYC. I recently decided to try about lateraling to an IB whose name is known in HK and could place me into a UMM/Mega PE in HK. I guess this has explained why I want to move from PE to IB.

A little more color on the situation:
Recently we are running a deal and have got a few bankers from BB/EB and industry X-specialized MM boutiques pitching to us, most of which are regarded as prestigious in Asia (I~smell~opportunity~!). Partners have great connections with senior people on most of those IBs. We would decide on the banker and notify the ones not selected by end May.

I don't communicate directly with bankers and our Associate is the one whom they (from analysts to MD) usually turn to if needed. IB folks will come across my name only on email CC section or in the model and presentations.

So my questions are:
1) if I reach out to those IB teams to let them know that I'm interested in a 2nd/3rd analyst position at their bank, will I put them in an awkward position to feel obligated to tell my boss about it?

2) if reaching out to them is a good idea, how should I go about it? Should I focus on the banks selected or not selected, or does it matter? Should I be more proactive and ask my associate to let me handle some email communications?

3) If my firm's connection is working against my favor, and I still want to apply to those IBs (both selected and not selected) - can I reach out to other teams (that we're not directly talking to) within those firms without my boss finding out?

Appreciate any thoughts/suggestions.

Thanks!!!

Comments (1)

Start Discussion

Popular Content See all

Girlfriend vs PE
+92PEby Investment Analyst in Private Equity - Growth Equity">Investment Analyst in PE - Growth
I’ll never take WSO for granted again
+53OFFby Principal in Venture Capital">Principal in VC
What's so good about Evercore?
+41IBby Prospective Monkey in Investment Banking - Mergers and Acquisitions">Prospect in IB-M&A
I'm tired man
+31IBby Intern in Corporate Finance">Intern in CorpFin
First year analyst, still feel incompetent and like I haven’t learned anything
+26IBby 1st Year Analyst in Investment Banking - Mergers and Acquisitions">Analyst 1 in IB-M&A
Friends in IB are chilling hard, how can I get this?
+20IBby 3rd+ Year Associate in Private Equity - LBOs">Associate 3 in PE - LBOs

Total Avg Compensation

January 2021 Private Equity

  • Principal (6) $693
  • Director/MD (15) $627
  • Vice President (57) $366
  • 3rd+ Year Associate (60) $272
  • 2nd Year Associate (115) $245
  • 1st Year Associate (249) $224
  • 3rd+ Year Analyst (23) $162
  • 2nd Year Analyst (56) $139
  • 1st Year Analyst (163) $119
  • Intern/Summer Associate (18) $71
  • Intern/Summer Analyst (178) $59

Leaderboard See all

1
LonLonMilk's picture
LonLonMilk
98.5
2
Jamoldo's picture
Jamoldo
98.4
3
Secyh62's picture
Secyh62
98.3
4
CompBanker's picture
CompBanker
97.9
5
redever's picture
redever
97.8
6
frgna's picture
frgna
97.6
7
Addinator's picture
Addinator
97.5
8
Edifice's picture
Edifice
97.5
9
NuckFuts's picture
NuckFuts
97.5
10
bolo up's picture
bolo up
97.5