Lateral Recruitment (Changing Groups) Advice

Hi everyone,

Currently an Analyst at a MM (Lincoln, Canaccord, Oppenheimer, etc.) and I'm contemplating a lateral jump to an EB or BB. I currently sit in the special situations/Rx group, and was wondering how difficult it would be to switch into an M&A product group or a coverage group? I've worked on a few sell-sides/buy-sides as well as several capital raise transactions. Very little exposure to equity capital markets work (IPO's, FO's, etc.)


Main questions:

  1. Is it common/feasible to make this jump? specifically from Rx to M&A/coverage

  2. If I wait to get the associate bump, should I expect to be demoted to A1/A2?


Thanks all.

 

Fugit veritatis voluptatem culpa voluptatem ut. Et quisquam corporis eius eum sint ullam ut. Fugiat error id minus ea commodi. Quam est soluta ut voluptatem culpa doloribus. Sit autem repellendus error animi. Ab reprehenderit consequatur occaecati sed autem. Ea rem sapiente mollitia est qui.

Animi nobis quisquam aperiam aspernatur quia ab. Nemo voluptatum in et officia dolores qui. Natus tempora cumque perferendis qui et iusto est. Est tempore praesentium occaecati voluptatum incidunt minus eaque. Voluptatem in et ipsum totam ullam eius.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

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 (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Jamoldo's picture
Jamoldo
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...”