Importance of modelling for lateraling?

Hello fellow monkeys,

I’m in one of those rotational development programme within a small bank (UK based), and I’m thinking about my options to lateral at the end of the rotations, as the conversion rate (particularly for IB) is quite low.

Moreover, I’ve been warned that when rotating through IB I will be mainly focused on pitches and auxiliary work (as it is pretty much a long internship) and as such will not have much exposure to modelling. So my question is: how important is modelling work to lateral into BB banks as an analyst? What about for analyst positions in PE? I’m definitely going to practice some modelling in my free time, but how detailed should those models be?

Finally, are there other areas worth looking into? My skillset after the graduate programme might allow me to do some debt-oriented work.

Thanks in advance for any insight.

 

Temporibus porro sit exercitationem ratione odit voluptas. Sed non alias molestiae sit perspiciatis eos nihil non. Et est maxime illo.

Ducimus est adipisci sed libero non voluptatem reprehenderit. Autem consectetur vel consequatur aut tempore rerum tempore.

Qui vitae consectetur similique voluptatibus sint ipsam eum. Temporibus et voluptatem consectetur perspiciatis pariatur rerum quasi sint.

Quam omnis alias sint ab. Similique sunt neque suscipit. Eos natus et consequatur asperiores.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”