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Comments (38)

Nov 14, 2014 - 1:55am

I'm actually interviewing right now at a BB for a lateral hire (2nd yr Analyst). A lateral BB recruiter recently told me they can be hiring at any time - just depends on the need of a particular group (although she could have just been feeding me shit - who knows). Would be curious to know what other people think

  • 1
Nov 15, 2014 - 1:51pm

If hypotethically you were to lateral into a new group after 6-9 months, would it really look bad for buyside recruiting? Ive heard both arguments but curious to hear your guys' opinions and input. If one were to switch from lets say a product group to a coverage/LevFin(yes, technically product) after 6-9 months.

I feel like it shows drive/ambition to get to where you want to be.

Nov 16, 2014 - 4:39am

Seen you ask this more than once - as you said, you're going to get both answers. Speak to any mentors you may have, especially if you know any on the buyside - you're going to have to make your own decision because of the ambiguity people offer. Do you like your ECM role or would you prefer to do LevFin? Sounds like you want to move - so move and find a PE shop that doesn't mind you moved.

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Nov 16, 2014 - 1:05pm

enti98:

If hypotethically you were to lateral into a new group after 6-9 months, would it really look bad for buyside recruiting? Ive heard both arguments but curious to hear your guys' opinions and input. If one were to switch from lets say a product group to a coverage/LevFin(yes, technically product) after 6-9 months.

I feel like it shows drive/ambition to get to where you want to be.


I've seen people lateral to a much better banks and recruit as a 3rd year and do just fine.
Nov 16, 2014 - 1:09pm

When should a first year analyst lateral? (Originally Posted: 05/21/2012)

Hey,

I'm starting as a first year analyst in a few weeks with a Capital Markets Group and I already know that I want to lateral to a coverage group. When is the ideal schedule for making this move? I know I got to wait for around six months, and it would be preferable to do it after I receive my bonus for the year (when is that?).

Thanks

Nov 16, 2014 - 1:15pm

Lateral Timing (Originally Posted: 02/21/2014)

If one were to lateral to an Associate level role (MO or FO), rather than from an MBA program, when would they usually start? Would they want you to wait until summer to sync up with post-MBA hires, or could it be anytime over the course of the year? I have a feeling this might be firm / group specific, but just just looking for any insights. Thanks!

Nov 16, 2014 - 1:19pm

When to try and lateral during first year? (Originally Posted: 09/15/2011)

Tried to do a search but didnt find enough info.

As a first year analyst in risk at a BB, when would be the best time to reach out and apply for next summers IBD analyst program? My current manager will help along the way and says not to try until Jan-Feb but I feel that all the spots will be full by then. He also doesnt want my staffer to find out that i'm looking into the other group, so I shouldnt be actively talking about it to the IBD managers that I work with every day. Any thoughts?

Nov 16, 2014 - 1:26pm

Lateral openings (Originally Posted: 01/21/2015)

When should there be more openings for lateral/2nd year analyst positions? I'm assuming relatively soon as bonus season has arrived or is just around the corner for many firms. Appreciate the input guys.

Best Response
Nov 16, 2014 - 1:31pm

Experienced Hire Lateral Timing (Originally Posted: 11/11/2014)

Hi guys,

So I'm interested in potentially lateraling to a pre-MBA spot at MBB or maybe Deloitte S&O if possible. I'm currently in a Big4 TAS group after spending a couple years in Big4 audit racking up experience to later MBA. I'm in NYC for the next 2.5 years due to the wife's graduate program, so I'm thinking I might as well see if I can at least get some strategy consulting experience if I'm going to be here anyway and the goal is bschool (want to transition into product/project mgmt).

Any advice on specific timing or how to go about the process? I've already taken my GMAT and locked down a 760. Undergrad was non-target state school 3.4 GPA with a masters in accounting at the same school 3.5. I have a CPA license if that matters for anything (I'm assuming not).

Thanks monkeys!

  • 4
Nov 16, 2014 - 1:33pm

Lateraling 3 months before bonus season - is it worth it? (Originally Posted: 08/26/2016)

Hi all,

I have the opportunity to make a move from a regional M&A boutique to a decent size MM IBD. The only issue, I am about three months away from my bonus. My question is: Is it worth making the move now before the bonus or should I wait until after? Also, if I make the move, should I bring up the fact that I would be leaving a pretty substantial chunk of cash on the table if I were to accept the offer?

Thanks in advance!

Nov 16, 2014 - 1:37pm

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