How long was your lateral process ?

One question: the final round was with VP and MD. VP was the one who asked most questions and said liked me a lot, but they could only hire 1 person, so don't feed bad if I don't get hired. Does that mean anything?

A few HHs told me it can be slow AF. Finished an analyst lateral process with HSBC/Macquarie/BNP recently. The process took about 3 weeks in total. Have been waiting for a response for 3 weeks. I applied online. Going through a couple of other processes with HHs. Not many real deals. 
 

A friend of mine recruiting for an MBA Associate position said she even waited 2 months for a ducking interview. 
 

how about your experience ? 

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  • Analyst 2 in IB-M&A
Nov 22, 2021 - 11:45am

I recieved two offers in less than a month last year

  • Analyst 2 in IB - Cov
Nov 22, 2021 - 3:10pm

With the firm i ended up signing with, 6 days.

In total including applying, networking, etc. like 4 months.

Nov 23, 2021 - 12:26am

I once interviewed for BNP lev fin. I met with like 12 people over 4 weeks and then never heard back. Can't comment on the other two banks, but that timeframe is just how BNP rolls.

I eventually got lucky enough to land at a way better bank, and reached out to the internal hr person.

He was like everyone liked you but didn't love you and sometimes we just don't close the loop with people.

  • Analyst 1 in IB - Cov
Nov 23, 2021 - 2:25am

Damn, that's fast. My guess is it's not during the worst covid seasons no?

  • Analyst 1 in IB-M&A
Nov 23, 2021 - 5:10am

Fast, two offers first to last round took c. 1 month for both. In another process before those, it took two 1.5 months. Could have been done quicker, the bottleneck was me, difficult to find time for all the rounds as an analyst.

  • Associate 3 in IB - Gen
Nov 23, 2021 - 6:00am

The market is different now than it was in the summer. In April - September, they would take anyone with a pulse in a heartbeat. Now that the market has cooled off it will probably be closer to 1 - 3 months depending on the bank.

  • Associate 3 in IB-M&A
Nov 23, 2021 - 11:22am

Why are you going through HHs? As a lateral analyst the best place to apply is online, none of these BB jobs are held secretly by headhunters like PE, and HHs just make the process way longer.

They're definitely screening more than they did this summer now that first year reinforcements have arrived, 3 weeks isn't that long of a process. I would expand your applications way more, to like everything posted online, and see what you come up with. If you don't hear back from any of those after two weeks or so, then network a bit. But HHs would be my last choice to lateral in IB.

  • Analyst 1 in IB - Cov
Nov 28, 2021 - 11:57pm

Op here. I applied for all the possible banks you could think of a while ago when I was probably not that qualified for the job. Now if I go through the same application system again, I doubt if my resume just gets blocked automatically or by stupid HRs.  

  • Associate 3 in IB-M&A
Nov 29, 2021 - 11:20am

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