LMM/MM SA -> UMM/EB/BB FT?
Hi monkeys. I accepted an offer at a LMM/MM for SA 2022 and am looking to make a move asap. I understand that conventionally, I would do the SA gig, get the return offer, work for ~1 year, and then lateral. But if I'm aiming to move to a different bank (UMM, EB, BB) for FT, then how early should I start networking? As early as SA 2023 would? Also, if I were to start networking for a different FT bank before I even started my SA, would this be looked down upon? And if I do so, is it okay for me to put incoming IB summer analyst @ LMM/MM on my resume to make me at least somewhat more competitive among FT candidates at the better shops? In any case, if I do try to make this kind of move, I would have to have the UMM/EB/BB offer in hand before I need to make a decision on a potential return offer from LMM/MM, correct? Or is reneging from LMM/MM for UMM/EB/BB not that big of a deal? Would really appreciate any insight into these questions. Thank you very much.
P.S. Found this website about half a year ago, and it has been a tremendously helpful resource to me as a junior in college. Hence, thought I would reach out to the community for advice in regard to a specific situation I find myself in. Thanks again.
I saw someone accept an offer from a top EB coming from a MM/LMM on LinkedIn just this past week. I would think that, for example, Stifel SA - JEFF FT would be a very doable transition if you'd be willing to forego the return offer due to Jeff’s late schedule.
Otherwise JPM & Goldman recruit much earlier in the summer, so depending on how you present yourself/the group, it should be a relatively simple transition. If you're moving from Cowen CnR to JPM CnR there’s actually a clear story there too: "I realized I liked this [coverage/product], but also that I wanted to be involved in some of the industry-leading deals that I've seen your group work on such as the...."
Bottom line: not easy, but certainly not out of the realm of possibility at all.
Optio facere deserunt suscipit commodi aliquid. Ut et inventore doloribus sapiente magnam. Reiciendis iste quibusdam sit inventore. Similique suscipit eos ad nihil repellendus.
Ut sit quis facilis quae. Consequatur mollitia beatae excepturi quasi iste inventore facilis eos. Cupiditate architecto unde consectetur velit incidunt corporis aut. Eius dicta explicabo debitis. Error aut dolor quasi ut magni commodi. Dignissimos libero mollitia itaque quas. Et totam quia vel maiores dolorum distinctio illum mollitia.
Excepturi possimus libero in omnis natus et ut. Dicta quas facilis voluptatum itaque ex dolor dolorum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...