Lateral this early?

Currently in IB at a very well regarded group but in a regional office in a city that severely limits exits. Have an interview with a bigger office of a bigger bank in a better city for finance. So the question is, is it worth it to pursue a lateral this early even though I’m in a good group? Or would it be better to wait until the 1 year mark? Or stay in this group and pursue recruiting a year from now? Obviously these questions don’t need to be answered until I have an offer but I think it’s important to think about it now as well.

Note: I am not recruiting buyside this cycle, but planning on it in next year’s cycle/off-cycle recruiting

 

How did you already land the interview with the bigger bank?

 

Get ready to be grilled heavily on why you want to leave so early. You've really only worked there for less than 3 months (including one month of training). There will definitely be a few people who will be very hard to convince unless you have a really good reason to move. You have to convince everyone you talk to that you will not also leave that firm after a couple of months. Hope that makes sense.

That being said, if you already have an interview set up, why not go for it and see what happens.

 

Corrupti tenetur perspiciatis ut et. Nesciunt ut est illo sint. Et numquam hic vero nulla quia. Nulla odit voluptatem occaecati nisi ut occaecati.

Hic eum voluptatum est porro. Deserunt nam sed quidem aut minima enim. Consectetur autem possimus tenetur magnam nemo qui laudantium. Placeat maxime non maxime ratione quo. Est modi reprehenderit ut rerum sed. Modi voluptatem tempore accusamus ad.

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 (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $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
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
DrApeman's picture
DrApeman
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...”