Lateraling as an Associate Without Deal Experience

Associate00's picture
Rank: Chimp | 8

I'm a post-MBA A1 in a coverage group at BAML/CS/Citi.

My Associate class was pretty big, and I haven't had any live deal experience after ~1 year on the desk.

I'm looking to lateral; how should I approach this in interviews when they ask me about deal experience?

Obviously I shouldn't and can't lie outright, but should I be straightforward about not having any live experience or try to play up pitch/bakeoff experience? I've been trying to go more towards the latter in some preliminary phone interviews, but I feel like they'd see right through it in an actual interview.