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 ?
Slow as fuck. 3 months.
From 1st round interview to a written offer?
Yeah. Especially if you’re going through a recruiter. The channel is just longer and the process is dragged out.
Extremely slow … and decisions are made way after the fact. Had plenty of contacts between the waiting period for some firms.
One of the analyst I know that lateraled started looking in early April and quit with a BB offer in June, ~2 months
8 months due to hiring freeze
I recieved two offers in less than a month last year
With the firm i ended up signing with, 6 days.
In total including applying, networking, etc. like 4 months.
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.
That’s annoying regarding BNP but congrats on the better role. I doubt you wana disclose where u ended up but as someone who is going into Levfin, I see you a lot on here and would be curious as to what kind of firm you joined
I was in an infra group and had a bad experience with BNP NYC. I received a 1st round and they never set a specific time.
Mine took 2 weeks for 1st round to end of superday for multiple MM lateral ops from non IB background.
Damn, that's fast. My guess is it's not during the worst covid seasons no?
it was this past july - september (2021). I had a bunch of other processes which i didn't make to superday but heard back from app and went to round 2s within a span of two weeks as well. No HH. Cold applications only.
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.
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.
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.
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.
How long ago? If it's the same posting the system won't let you apply twice, but any new postings you're good to go - if you're qualified now HR won't care about previous apps.
Definitely try networking too if your experience isn't perfect
Currently in the process of lateraling from corporate finance, and the process took ~1-1.5 months. Had 6-7 phone/zoom interviews then received offer first week of December. Will be starting FT in January 2022.
That sounds great ! Congratulations.
I'm still struggling at my current place. Bonus payout is End of February. Will probably start looking beginning mid-January.
Any advice for lateraling from CF? I've gotten a couple of first rounds, and even made it to a super day with RBC/Jefferies but keep getting told that they're looking for an experienced IB analyst lateral....
For me it was networking and making sure I can clearly articulate how my background is applicable to IB. My interviews were more fit than technical, but I still spent a good amount of time reviewing the main technical material by reading, doing wall street prep, etc.
How long were you in corp fin and how did you relate your current role to fit into IB? Thought almost all lateral spots would go to those with IB experience.
6 weeks till 1st offer, 8 weeks full process to close out everything
Currently in one right now…. It’s so fucking slow. It’s been two months now and I’ve officially finished my final round. Between the first round and final, I’d have an interview every week or every other week. Reference checks also slowed down the process. But yeah don’t expect it to be a quick process.
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