IBD Lateral Hires

both MS and GS took some but looks like that process is over. elite boutiques like Lazard and Evercore always seem to be hiring/growing.

there are always one off positions opening up across the street but its never a large movement such that multiple people on this board would be in the know about it. your best bet is to connect with contacts at different banks and ask if they know of any lateral positions.

Bump - anyone know of any firms hiring?

http://jobs.efinancialcareers.com/Investment_Banking_%7C_M_A.htm

www.efinancialcareers.co.uk

www.efinancialcareers.com.au

Take your pick. There is always someone looking for lateral hires.

there are no top boutiques [that are not sweatshops]

Unlikely at this moment. New analyst and associate class just joined. No need to add new warm body that soon.

I started hunting after 6 months, lateraled in ~9.

bump

Take a look at my lateral guide.

What group are you in? Technical questions will probably be based on your deals, so make sure you know them cold. Expect valuation questions, what specifically you've done and maybe even some hypothetical situations in the same space that you're working in. How did you value X, how would you value X if Y, etc. Other questions will probably be around why you are leaving, fit questions, etc.

I am in Insustrials

Thanks for your input! My team mainly does originiation so haven't had full blown exposure to valuation hence my desire to move. Nevertheless I have had fair bit of experience on evaluating merger and lbo models.

I am in Insustrials

Thanks for your input! My team mainly does originiation so haven't had full blown exposure to valuation hence my desire to move. Nevertheless I have had fair bit of experience on evaluating merger and lbo models.

Did you choose to start your career at a MM bank or was it the only option you got that time?

def more technical at this point since you gotta know your stuff cold. they may ask somethng like if you do "X" how does that affect the statements. also expect detailed questions about your deals and be able to explain the "big picture" of all the transactions you worked on...not everyone can do this...have a good reason why you want to go to BB and why your leaving MM - dont say bad things about the MM bank either...other questions are more fit questions that you prob already seen before.

...with ibanalyst. one good line that BB guys will like is highlighting that be the vitrue of being at a mm place, deal and staffing dynamics would have been different. there are half a doyen people who have come from mm places to my firm using this punch line. it goes something like this. mm deals are thinner in staffing and lower in fat (D, MD content) that bb deals. Think on a 20bn deal everyone and their dog will be on the team at a bb and duing sweek f%$§ all. So. highlight that as part of a tighetr knit team, you have seen more big picture stuff, understand more than just crunching some silly numbers that any monkey can do (stuff like meeting management rather than being an excel jockey). VPs at BBs love this coz this sounds like the type of person they can dump some of their own workload onto even though theyre an analyst, and as a VP its easier to get staffed with an analyst than an associate under you. good luck.

"Living the dream 24/7 on http://theallnighter.blogspot.com"

I appreciate the input of course, would just like a little clarification.