Leaving My BB
Hi everyone - just wanted to get a sense of whether I am a competitive candidate for lateral role at an EB or better BB. I am a coverage analyst at a lower-tier BB (DB, WF, UBS) who is close to completing my first year. I want to lateral because my office gets zero deal flow.
Generally if your office has zero deal flow, isn't it going to be hard to transition as you wont have the experience? I know of MM analyst that have transferred to top EB, but they had a ton of deal experience in 2 years and lateraled to a 1st year analyst ( so lost a year but moved to a better firm).
Isn't that losing two years?
This isn't true at all.
Once you have a foot in the door, work in IB (even if it is a MM or boutique), you have a very good shot at lateraling to a BB/EB. You just need to have solid technicals and good story on why the move. As an Analyst, no one expects you to have closed multiple deals, that's unrealistic.
People quit all the time, especially Analysts and Associates, spots open up randomly and a lateral move is easy to pull off if you put in the time to network and know where openings are.
People lateral in your situation all the time - look at LinkedIn. I think it's pretty common and you have a very valid reason when they ask why you want to switch.
pls rename your thread to moving to a BB.
one of these is not like the others
He may have added it to add more variability. What other bank is he going to put into that tier? RBC, Goldman, and MS are too strong.
Find a new joke. How do people find this funny?
Are you in NYC? I suggest you try to lateral into a different group first. The banks you mentioned all have strong groups in NYC.
Is this not challenging? Why would your team help you for the sake of another team? Also - won't people take it personal that you want to leave the group? God forbid some staffer get pissed and make my life hell....
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