Regional MM to BB/EB ?

I'm looking for advice on whether to lateral in August or Sept? Currently working in Chicago at a BB in Asset Based Lending started as an analyst in Janaury and I'm thinking about going into IB in Atlanta/Chicago/Houston/Charlotte. I don't want to go to New York given the COL. However, in most of the cities that I want to work in there's not a strong BB/EB presence. Ideally, I want to work 3 years at a bank and get promoted to an associate. And, maybe consider B-school after 1 -2 years of associate. Based on my situation, should I try to lateral over the summer or should I do the 1 year first and possibly wait till next summer? How does working at a SunTrust in Atl or Baird in Chicago situation going to affect me long term, if I want to become an associate at a BB/EB?

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (8)

Feb 20, 2019 - 4:14pm

I wouldn't compare Baird Chicago to Suntrust in Atlanta. Baird will advise on the biggest MM industrial deals (up to 1bn) whereas SunTrust is doing lower middle markets deals and a lot of DCM / corporate lending

Feb 21, 2019 - 10:33am

Houston is different than the rest because its almost exclusively energy whereas the rest of the cities mentioned have a little of everything. Baird would be tougher to jump to from BB ABL. STRH pumps out debt on a lot of its deals, which would probably be the easiest transition, but you said earlier that JPM CCB has better exit ops in atlanta so do that

Feb 21, 2019 - 2:01pm

To be quite honest, Baird is more of a backup. I actually see a lot of analysts moved to Baird and other MM. I think a lot of these MM is a great firm, however I'm worried that it will impact my career negatively in anyway long term, assuming I don't want to stay in Chicago and complete the 3 years analyst program. And, given the amount of interaction with Lev Fin and sponsors, many of them actually lateral internally to lev fin or sponsors after 1 year. Therefore, I'm looking for advice to see if I should try to lateral internally after 1 year or should I try to lateral after 7 months to a MM.

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
Feb 22, 2019 - 5:29pm

Consequatur expedita praesentium eos nulla. Ex id ducimus totam ducimus molestias. Fugit quas voluptas voluptatem accusantium voluptatem alias aut. Incidunt sit qui quia ipsam dolorem. Omnis autem nihil porro. Illo nesciunt aliquid autem rerum deleniti ut.

Start Discussion

Total Avg Compensation

November 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (40) $360
  • Associates (234) $234
  • 2nd Year Analyst (144) $156
  • 3rd+ Year Analyst (34) $154
  • Intern/Summer Associate (107) $146
  • 1st Year Analyst (513) $136
  • Intern/Summer Analyst (394) $84