First Year Analyst Lateral Experience

Hi all,

I recently received an offer to lateral as a first year analyst.

If you've done this (either remotely or in person), what has your experience been like?


Comments (25)

  • Prospect in Risk Mnmgt
Feb 23, 2021 - 12:26pm

Off-topic sorry, but how long was your interview process? Going through lateral recruiting as well and just wanted an idea (it feels like they're taking forever).

  • Associate 1 in PE - Other
Feb 23, 2021 - 3:08pm

Starting remote sucks as you dont get to meet anyone in person and it's very hard to build rapport. Could be worth it though depending on group

Why are you leaving? Need more info here 

  • Analyst 1 in IB - Gen
Feb 23, 2021 - 5:40pm

Agreed regarding building rapport with the team. Part of the reason I wanted to move is I never developed any connections with my current team (due to remote work and not really clicking with them) in addition to the role itself.

  • Associate 3 in IB - Gen
Feb 23, 2021 - 3:26pm

Lateral hires have had a MUCH easier time than first years. It still sucks not knowing anyone, but you're not flying in completely blind so it's not as bad as someone fresh out of school who knows almost nothing AND knows no one.

  • Analyst 1 in IB - Gen
Feb 23, 2021 - 5:20pm

a lot of laterals are 1st years though. 2020 grads 6 months in looking to lateral

  • Analyst 1 in IB - Gen
Feb 23, 2021 - 5:38pm

Thanks, this makes sense and is somewhat reassuring. I had second thoughts after reading a lot of the commentary written by new first year analysts.

  • Analyst 1 in PE - LBOs
Feb 23, 2021 - 3:43pm

What type of firm (BB/EB/MM)? Where are you lateraling from, and what's your motivation for making the move?

  • Analyst 1 in IB - Gen
Feb 23, 2021 - 5:42pm

I'm moving for two reasons: don't like my current team (never met most of them in person) and a better role. Not coming from nor moving to a BB/EB.

  • Analyst 1 in IB-M&A
Feb 23, 2021 - 8:12pm

Congrats on your offer! What makes it a better role? i.e. pay, prestige, sector you want to be in, group culture,etc. or combination of all? 

  • Analyst 1 in IB - Gen
Feb 23, 2021 - 8:42pm

If you are trying to lateral one or two months into the job, what kind of interviews should you expect? I know this doesn't happen often but also do know of someone who moved from lower BB to top BB 3 months into full-time

  • Analyst 1 in IB-M&A
Feb 24, 2021 - 2:06pm

Lateraled from consulting. Technicals were very light and was skewed towards fit interviews with MDs. Did not understand why it was so simple. Now after three consecutive 3am nights, I understand why ... firms just needed bodies. One part of my process which I got positive feedback on was making it clear why I was interested in the coverage the group does. Craft a story about why you are interested in the industry / industries the group focuses on.

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