The lateral Hire timeline for Investment banking
Read the full Lateralling Guide
- Positions open: usually summer
- Necessary skills gained: 6 months - 1 year
- Hiring process: 1 week - several months
Lateraling from a smaller bank to an MM or better can be a good way to advance your career. It's entirely possible considering skills from any one bank is transferable to another. You will usually have the skills to make the switch between 6 months and a year on the job. Most of these positions open up near June or July. The process of making the move after the interview can take anywhere from a week to several months.
From certified user @Sil
The bank may call you as you are heading out of the building, while others may take a month. The bank whose offer I finally accepted took a month from the superday to extend me an offer. So, do not sweat it if you do not hear back right away.