Worth it to lateral right now?
Given all the posts around the hot lateral market right now, I wanted to get thoughts on whether it would be worth lateraling in my situation.
I'm at what's considered a stronger /Citi tier) and I've gained some solid deal experience thus far. Things could be better in that I want to be exposed to more of the nitty gritty of M&A deals from a buyside and sellside perspective (I'm not in an M&A group), but I'm having trouble justifying leaving, especially since I've established myself well within my current group and think I've developed a solid reputation. I've always had intentions on leaving for the buyside and I know the optics of being in M&A are better.group (in the CS/
In terms of placement in my current group, I guess placement could always be better. Getting MF / UMM is pretty rare out of my group, but then again, my understanding is that it's basically rare everywhere outside of a very small handful of groups and those are a crap shoot to get into (let alone guarantee I develop a strong reputation, especially virtually). During SA recruiting, I felt like I got burned in that I interviewed at many of the tippy top banking groups but never landed. I think I'm up to snuff with the analysts in those groups if I get a shot.
That leaves me wondering how much my group will impact my recruiting. At the end of the day, I'm not MF / UMM or bust and I'd be happy at the funds that the individuals in the classes above me have placed in. But I always have this grass is greener mentality and this insecurity to be optimizing around these things...
Only been on the job for about ~7-8 months and my guess is that this lateral market will stay hot for a while given volumes and the obvious churn, but just wanted to see general thoughts on when it's worth it to make such a move. Maybe better after 1 year just so I look stable (and collect a bonus) with a greater chance I could make the move in-person? Virtual onboarding just sounds like a disaster in a group that you have not interned with.