Lateral After 1 Year Options

If you get an offer to work as an IBD analyst (M&A or a coverage group) - at a firm like BNP Paribas, Credit Agricole, Wells Fargo, Macquarie or a smaller boutique advisor - is it possible to lateral to a top BB/elite boutique for IBD after 1 years experience? Or are the lateral transfers only possible if you are already at a top BB/elite boutique?

Would you have to start as analyst 1 or can you continue as analyst 2?

If so, is it best to start off as a generalist to keep your options open in terms of succeeding with a lateral transfer?

Will top hedge funds/PE firms look down on someone who worked at a lower tier bank, lateralled into top tier IBD, and wants to move over vs someone who went to GS/MS/JPM directly?

Appreciate it. I'm in the UK.

 

If you had a buddy call you up and go "hey we had something open up" then you are probs okay....

It makes you look like a McA$$hole that you are going to jump ship on the place that "gave you a shot" just to try leveraging into something better.. Any firm that hires you will also see that and not appreciate your lack of loyalty

 
YMCM-IB:

Has anyone ever lateraled within their first year?
How do you go about applying and sending your resume around without it getting back to your company?

Also, say you've gotten really close to your team how do you just leave? These guys gave me a shot when no one else was willing to.

Not getting the experience I was expecting. Have been doing a ton of equity deals but limited to none m&a and modeling. After speaking to the 2nd year and 3rd year analysts they do not have any modeling skills and said the group doesn't do much m&a. Its a top group and brings in a ton of fees but its all equity.

Obviously have to do what is best for you. How do you do this without burning any bridges?

LOL there's no easy way to go about it - you'll burn bridges in any job if you quit within the first year.

Just stop being a b*tch and go for it - be sure to tell them that it's confidential. Also, have a good reason why because they always ask.

speed boost blaze
 

Just to clarify, are you interested in leaving a "top group" because you feel as though you're not getting enough Excel reps?

Because modeling skillz are a commodity -- you can learn them yourself. Here's an assignment: Pick a big company in your industry and a small company in your industry. Model each of them separately. Now pretend the big guy is acquiring the small guy and model that. There you go. Modeling ability acquired.

Look, I am all for doing what's best for you. If you truly think your life is going to be enriched by switching shops, then do it. But in this case, it seems (and I'm obviously on the outside looking in here) like you're in a pretty good spot...

How do exit opps out of your group look? If those are abysmal then I might understand the desire to leave a little bit more.

 

lol you are going to be seen as a dick... people have already said it. You have already thought about the options. You are looking for people to help you rationalize how ditching this bank is okay

 

If you mean internally though, then that's a conversation you have to have with either your HR manager or your work manager. It has to be said explicitly. I personally haven't heard anyone do it in under a year, but that might be because (in Imnotyou21's point) people are waiting for their bonuses.

--Death, lighter than a feather; duty, heavier than a mountain
 

from my experience, the non-target guys that i know that got into boutique IBs out of college were very smart, and more importantly, driven and adept at newtorking. all of them that started in little-known regional boutiques were able to leverage their positions to work in BB or elite boutique from 6-months to 2 years.

Money Never Sleeps? More like Money Never SUCKS amirite?!?!?!?
 

That is going to be my goal. Boutique IB to MM in 9 months to a year. I'm building some inroads with MMs that would like 2nd year analysts. So I figure if I keep in touch with them and let them know I would like to join them when I have the necessary experience, lateraling over shouldn't be too difficult.

Now it's just about networking my way into a boutique.

My name is Nicky, but you can call me Dre.
 
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