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Lateral in AM, mid-level?
I feel like I have topped out my opportunity at my current firm (Large but middle-of-the-road AM in T1 city). Comp isnt scaling up and neither is title / coverage. I've been on the buy-side for 5 years, sell side 5 yrs prior to that. I don't have a ton of contacts in the industry so I'm having a ton...
Going to a well-known and respect PE shop next year, but looking to lateral at some point due to location. What is the best timing to do so?
Hi all, going to a well respect Software PE shop next year and looking to lateral to somewhere closer to NYC at some point. Is the best way to do this after 1 year or after your 3 year period as a senior associate? Any experiences about lateraling would be welcome!
Busy Groups - How Do We Find You?
Have been reading recent threads on how people are so busy, yet I do not see many apps posted online. I know that not all openings are posted online, but how do we go about finding these busy groups? Do we just blast the entire street?
Thinking about lateraling
I'm curious about what other opinions would be in this situation. I'm on my second year on a sales and trading desk and seriously considering either lateraling to a new desk/trying to move over to the buy side. I currently have my 7 & 63 and took it upon myself to sit for my 57 in a few weeks as...
How many years after college graduation do they stop checking your college transcript/GPA at the bulge bracket banks?
If you lateral into a finance job at a bulge bracket investment bank after 2 years at a boutique firm, does the BB bank stop asking you for a copy of your college transcript/GPA? How many years of work experience(minimum) until the big banks don't care about your college GPA/transcripts anymore?
Lateraling After First Year As PE Associate
Hey Fellow Monkeys, I'm currently an investment banking associate (A2A) who's looking to make the transition to private equity. I currently have an offer from a MM fund who's location / strategy / compensation is less than ideal, however, it presents an opportunity to break into private equity....
Do you regret leaving banking?
This post is not for the analysts who left to go to the buy-side, but rather the A2As or post-mba bankers who left to pursue something different or better WLB. Do you regret leaving? At what level did you leave and what do you do now? I have an opportunity to pivot into a strategy role but at a...
Moving from MM SA to BB/EB FT
Went through 2024 SA recruiting, unfortunately didn't end up getting the offer I wanted. I do have a 2024 SA position lined up at a MM in NYC (think RJ, Lincoln, Piper). While I know the FT process can be an uphill battle, I wanted to know if there is anything I can do to set myself up well to get...
Advice Needed
Young chimp in need of some advice. I graduated with a 2.1 from a semi-target in 2021 (not in a numerical discipline but still relatively well thought of) and immediately went to law school. Did pretty well but didn't receive any offers and by the end of the year had decided law wasn't for me, so...
Should I lateral to a BB from a lower tier Boutique?
As an intern, was wondering if I should lateral to a lower tier BB (Think UBS, DB, what used to be CS, Barclays) out of a lower tier boutique firm? I'm fortunate enough to have an in with the MD and VP and a few Analysts at the BB I'm looking at. Normally this would be a no-brainer for exits and...
Do Coverage Group and Location Matter Post-MBA?
Unfortunately, I was recently laid off and am doing some soul-searching regarding my next role. My question is how much do industry group and location matter in terms of post-mba associate exit ops? If I plan to join corporate at some point, would I limit my options by moving to the south and...
Picked IB FT over S&T SA
Hi all, Been a member here for a while now and received lots of help so far. I am based in Europe and would appreciate some advice. I recently accepted a FT IBD offer at an "elite boutique" over a SA in S&T at a BB. I made my decision based on the fact that I have graduated already and was sort of...
Making sense of this environment // Lateralling & exiting
Hello monkeys, Given the current economic environment and numerous posts about cuts, I want to dive into the state of analyst lateral movements and recruiting at MMs, EBs & BBs. It seems obvious that banks have recently been trying to cut seats rather than recruiting more juniors. Nevertheless, I am...
Was the grass greener over there? Or was it greener where you were? (A post-mortem thread)
Monkeys, I see a ton of posts about people that have offers to lateral over to other funds, and there's very little follow-up or post-mortems. Inspired by one post that I just read, I wanted to pose the questions here: 1) For those of you who left your current fund to lateral over to another, what...
Lateral from sa to ft
Hi, I recently accepted an offer for a SF eb tech group think (laz, pwp, moe, ghl). However, I didn’t really take the recruiting process that seriously and know I could do much better. Also after living on the west coast for my whole life and going to college here too, I realized I have to get out...
Advice for IB laterals in this current market (Asking ANLs+ for advice)
Currently an IB Coverage ANL 1 @ CS Looking at the news....what do people think (ANL+) about lateralling right now/soon versus waiting to the summer post bonuses when more ANLs potentially leave after bonuses? Right now the lateral market isn't hot and given the situation it looks like people will...
Lateral IB Interviews versus traditional on-cycle recruiting
How different is the lateral recruiting process for banks at the analyst level compared to full-time recruiting to be an IB analyst? Is there a traditionally a model test? Are technicals much more of a focus? Is deal experience heavily scrutinized? What is the process structured like? Are they...
Is Anyone Hiring?
I've been at a no-name LMM boutique IB for about 18 months now, and have finally garnered enough deal XP to feel comfortable in interviews. I've taken all of the WSO, Financial Edge, and WSP modeling courses (Three-Statement, Precedents, Comps, M&A, LBO, DCF) to mitigate the lack of modeling at my...
How bad is the lateral market?
With firms like Blair laying off, where are people going? Is there a lateral market right now?
Apply for another bank while already having an offer
Hello everyone, I need some advice regarding my situation. I already secured an offer with a tier 2 bank in their SF office. However, because I still want to lateral to NYC, I am looking to apply for a BB in NYC. I am just wondering if I should do this because if my current bank finds out I am...
Capital Markets Advisory to IB Lateral?
I'm currently a capital markets advisory analyst at a smaller firm (
Exit opps for Structured Finance/Securitization?
Wondering what exit opps are possible and places to go from a structuring role in a Securitised Products Team in a IB. Does anyone also have any experience or is it viable to lateral from the Securitised Products Team to the LevFin team or Restructuring? Thanks
Investment Banking Associate to MM/BB Analyst
Hi All, I am an associate at a LMM boutique investment bank. I worked my way up the ranks fairly quickly just based on my transaction experience (I got promoted to associate after 17 months). Is it possible to lateral to a MM/BB shop as an analyst? Does being an associate hurt me in a recruiting...
Lateral Networking Advice
Hi guys, hope everyone is having a great holiday season. For context -- I am a non-target school, second year analyst at a boutique Investment Bank. I am looking to lateral to a MM or BB depending on the group. I would really appreciate some advice on the networking side of the lateral process. The...
How hard is it to go from CIB to IB?
I'm an incoming FT analyst at a large US bank. I had a great summer internship with a banking team (within the bank's corporate and investment banking division, but wouldn't be considered IB on its own), and I want to hear any advice for switching into one of the "real IB" groups at the bank. I like...
Lateral regrets
I lateraled to a better bank earlier this year. After 3 months I’ve realized that I’ve made a terrible mistake. I don’t clique well with the people in my office and I’m pretty miserable. I don’t want to look like a job hopper but also want to be happy at work (especially working the hours...
Lateral into O&G / Houston - What to Expect?
Current associate in a solid industrials group with some M&A processes on the resume. I find the general IB work to be fine but am extremely interested in O&G / energy and my wife and I want to put roots down and live in Houston long term Given that I'm coming from a non-O&G group and with limited...
Any BB/EB tech groups hiring first years (laterals) right now?
Any BB/EB tech groups hiring first years (laterals) right now? Let me know if any groups are actively looking
Lateral Timeline
Starting at a MM coverage group outside of NYC in January. Looking to eventually lateral to a BB or EB in NYC, and was curious about what that timeline normally looks like. Does recruiting / interviewing start around the end of summer, or would I need to wait a year after starting? Any insight would...
Lateral Advice: NYC Analyst from MM to BB P&U/Energy
Hi I’m just going into my second year as a coverage analyst in NYC at a MM bank. Looking for advice on lateraling to a BB IB P&U/Renewables team? For background, I interned and accepted the return offer during Covid and went to a top school. My situations is I like the people on my team, but want...
Internal Lateral Discussion
As the title suggests, looking to lateral to another group at my bank that my group works a lot with. On paper, looks easy but there are some internal politics which may make it difficult. Also, have looked externally to lateral but no getting a ton of luck there. Should I bringing it up to my...
Mid Market Fund to Large Cap (London)
I got an offer from a MM fund. Not exactly the space I am targetting How hard is it to make the move to a Large Cap / UMM, if I decide this isnt for me?
Late Recruiting Issues- Home stretch
I’m recruiting for 2023 SA for IB at a target school. I’ve exhausted most of my opportunities at working at any BB/EB. I have some late recruiting cycles left, but it’s looking grim. I’m sure there are others in my exact position getting anxiety about the same shit. If a lower BB doesn’t...
Lateral form regional office to LND/NY
A very simple question. Is it possible to lateral form a regional office (think Milan/Paris/Frankurt) to London (or eventually NY)? If so, when does it happen generally? And what's the typical procedure? Any input or experience is strongly appreciated. Thanks!
Advice on lateralling from a grad scheme
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Climbing the Ivory Tower: 1st year Analyst Lateral into BB
Greetings WSO, looking for advice from the salty monkeys out there: Short Term Objective : Lateral into MM / BB Long Term Objective : MM or MF PE Context : I am a first-year analyst at a MM boutique doing M&A in the tech / software space looking to lateral into a top MM or BB as soon as possible....
Potential 5th Year - Need Thoughts
Current Situation: Just finished junior year, heading into the summer where I am doing a s&t program. I am considering going back after my senior year (which is 22-23) to do a masters in finance (23-24) and play out my last year of eligibility. Thoughts on going back for a fifth year and playing/...
Exit Opps for Associates?
Hi guys, was wondering what the key differences in exit opps are between analysts and associates in IB. I know associates don't recruit on-cycle, but don't know much besides that. I am at a MM bank; I like my team a lot, but don't see myself being an MD. I also am in a coverage group, and would like...
What's the GS/MS/JPM lateral process
I'm currently preparing for group-specific lateral interviews with a top BB (GS/MS/JPM). How long does the typical process take from interviewing to getting an offer? Will there be a superday just like SA and FT recruiting? Will the interviews be conducted over Zoom or in-person?
How difficult are lateral interviews?
I have a few lateral interviews coming up, but at my firm (small shop), I haven't had much LBO or 3 statement modeling experience, and I've been there for a year. I can balance a 3 statement model and do a paper LBO, understand the basics of it and all, but not much on the job experience. Wondering...
Wanting to lateral for FT after my SA this summer, what are my next steps??
Im going to be a SA in a Japanese firm this summer in one of their US offices. I am looking to possibly recruit at the end of the summer to lateral to a more traditional US based BB for full time. I know that the full time recruiting cycle for the post internships depend firm to firm and how many...
Lincoln MM Lateral Opportunities?
I'm currently recruiting for SA23 positions and received an offer from Lincoln International for Chicago SA2023. It seems that Lincoln isn't the best for real modeling experience and exit opportunities. So, I was wondering what the process for lateraling to a bigger/better bank (EB/BB) or...
IB Lateraling
I'm looking to lateral firms from a regional boutique to a larger middle-market bank as an AN2. Curious about: 1- lateral recruitment timeline (approx) and current job market for banking (is it as good as it was this time last year) 2- I don't think I've gotten adequate modeling experience at my...
Lateral to better bank and recruit off cycle or stay at UBS and recruit on cycle?
I'm currently a first year analyst at UBS in banking. Like many others, I would like to go to the best PE firm I can out of banking. Should I lateral after my bonus to a EB/GS tier bank and recruit off cycle (assuming on cycle is in the next 3 months), or just study now and try to recruit from UBS?...
Advice on Lateral PE Recruiting after 1 year?
I'm a second year analyst in IB in NYC, and I accepted a PE offer a few months ago at a UMM firm in Boston. At the time, I thought it would be a good idea to accept because the firm reputation / culture / exit opps are great. However, as the start date is inching closer and closer (I'm starting this...
Worth Lateraling from WF as an Associate?
I’m currently in a top group at WF and thinking of lateraling to a top MM, think Blair/Baird/HL. Would this move be worth it or am I better just staying at WF? Would it change my exit ops? How do the lifestyles compare?
Feeling very behind after lateralling to top BB coverage group
Hi all, I was hoping to get some solace from this post as I have been feeling very lost over the past couple of weeks. I recently joined a top BB coverage group on the west coast from a MM IB in the Midwest. At the MM IB, I was one of the top performers in my group and received plenty of praise and...
Does anybody regret not picking consulting?
I know this has been talked about but I’m curious how many people at the post-mba level regret not doing consulting. I chose banking because I’ve always worked in financial services in some capacity and I enjoy finance. The problem is that as an IB associate I dont feel like I get to scratch...
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Lateral after 7 months?
I know that people normally say to wait a year but would it be a bad look for an associate to lateral after 7 months to change cities and be closer to family?
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