Lateral from Lower-BB to Elite Boutique

Thanks for taking the time to read.

I know several threads have been devoted to analysts making the move from MM to BB or no-name boutiques to BB, but I'm wondering what everyone's thoughts are on lateraling during your first year from a coverage group at a lower-BB (DB/Citi/Barclays) to an M&A group at an elite boutqiue (LAZ/EVR/GHL).

How would making this kind of move affect buy-side recruiting? Clearly the latter shops generally have more luck in placement in PE, but would this hold true for an analyst lateral? How would the head hunters perceive such a move, assuming that you already have a good amount of deal experience?

I appreciate any insight that anyone is willing to share. Feel free to PM me if that's more appropriate.

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (6)

Best Response
Feb 27, 2013 - 11:34pm

GO FOR THE PRESTIGE............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................m

Feb 27, 2013 - 11:48pm

xcontrarianx:
Hoping to get a bit more insight on this. How do headhunters / buyside shops perceive FT analyst laterals? Would such a move meaningfully affect PE recruiting?

You'll be grouped in a completely different pool of candidates. Yes it will meaningfully affect your recruiting prospects but all for the better. Make sure you can clearly voice to headhunters why you make the move and realize that this is a question you will be asked in every interview you have in the next decade.

Feb 27, 2013 - 11:58pm

ricottacheese:
xcontrarianx:
Hoping to get a bit more insight on this. How do headhunters / buyside shops perceive FT analyst laterals? Would such a move meaningfully affect PE recruiting?

You'll be grouped in a completely different pool of candidates. Yes it will meaningfully affect your recruiting prospects but all for the better. Make sure you can clearly voice to headhunters why you make the move and realize that this is a question you will be asked in every interview you have in the next decade.

Could you elaborate a bit on being grouped differently than other candidates? It would seem that being set aside from the main pool of PE recruits would be a negative more than a positive. I'm definitely prepared to explain the rationale behind my decision, but I wanted to get a bit more comfort around the fact that switching really will increase my chances of landing a buyside job with everyone else in my class.

Feb 27, 2013 - 11:43pm

Et laboriosam ad ut aut beatae et a. Fugit quia quas fugiat numquam quaerat rerum neque.

Facilis veritatis voluptatem et tempora. Eum est harum dolor in omnis porro.

Start Discussion

Popular Content See all

Investment Banking is Paradise
+276IBby Partner in PE - LBOs
Public banging
+183OFFby Intern in PE - LBOs
Oncycle is a fucking joke
+167PEby Analyst 2 in IB - Cov
MD’s Daughter/Son has student loans?
+115REby Analyst 1 in RE - Comm
How often do you get "matches" on apps?
+113OFFby Associate 1 in AM - Other
Dating smart girls
+99OFFby Analyst 2 in Consulting
Who manages your money?
+96INVby TechnoPanther

Total Avg Compensation

September 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (38) $367
  • Associates (218) $232
  • 2nd Year Analyst (131) $152
  • 3rd+ Year Analyst (30) $147
  • Intern/Summer Associate (102) $144
  • 1st Year Analyst (483) $135
  • Intern/Summer Analyst (375) $82