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  2. I've been paying close attention recently to what the people who advance quickly in their career have in common, and what the people who are stuck in the same role for years have in common. One insight I had was that the people who are stuck in the s ...

    33 comments26 Dec 2018 -

  3. I am currently anxious that I will either be let go or pushed out come promotion time due to my firms "up or out" culture and the team being overstaffed with Associates. Is being fired / pushed out at the Analyst level a death sentence in the in ...

    15 comments24 Sep 2019 -

  4. I was wondering how long or if I should expect to hear back after a final round for a lateral analyst position I had a week and a half ago? I interviewed on the phone initially then I was called in for a first round, where I met with a VP/Director/analyst ...

    89 comments5 May 2017 -

  5. I'm sure there are some bankers who move into the consulting industry after 2 years (and realizing they hate banking and don't want to go into PE because it's too similar). How common is lateraling in from a bulge bracket investment bank to ...

    120 comments8 Nov 2016 -

  6. Investment Banking Headhunters

    Investment Banking

    What would you guys say are the best headhunters to use for IB laterals? I found a few topics on this but they are all outdated and generally do not have great responses. My buddy is looking to lateral from a European city (he is in sort of a hybrid tradi ...

    47 comments26 Dec 2017 -

  7. Hello, I am currently interested in lateraling from my group, and am hoping for any advice or any stories from people who previously gone through with the process. I am currently a 1st year analyst in a top MM in the west coast (think Jefferies/Houlihan/S ...

    100 comments23 Oct 2014 -

  8. How exactly did you go about doing this? Did you network with other banks before/during/after the internship to get an interview or was FT through OCR? Hell, did you even interview for FT during the internship and how'd you pull that off? Thanks in a ...

    39 comments23 Feb 2018 -

  9. What strategies have you guys used in cold approaches when trying to network for a lateral/upward move? It was easy in undergrad when you could play the "I want to be in your industry, can you tell me about it and how you got there" card, but a ...

    26 comments11 May 2017 -

  10. Exiting a Boutique

    Investment Banking

    I'm a graduating senior from an ivy (not H/Y/P) and I landed a position at a MM boutique in Washington DC area (deal sizes around 600M to 1B but not a lot of deals every year) after my BB interviews fell through. I want to lateral to another bank lik ...

    43 comments29 Jan 2018 -

  11. Hey WSO, I've been a forum lurker for a little over 4 years now and felt like it was time to contribute to the community. My background: As the title says, I went to undergrad at a non-target where I majored in finance and economics. Had internships ...

    15 comments13 May 2018 -

  12. REFM Certification

    Real Estate

    Has anyone taken the courses and gotten the certification? I was told by a few senior people that taking this would look great on the resume and would help me lateral into an underwriting analyst role, since I am in an entirely different industry at the m ...

    31 comments3 Apr 2017 -

  13. I'm a long time user of WSO, and as the title says, I've had a pretty convoluted career path so far. I started off in S&T out of undergrad, and was on a prop desk that was getting decimated (historically it was one of the most profitable gro ...

    20 comments11 Jun 2016 -

  14. How far along in your career is it appropriate to remove your GPA from your resume? Asking specifically about moving between PE firms after 2-3 years of experience (so ~5-6 years after undergrad), or perhaps when applying post-MBA? Thanks GPA LMM mm later ...

    10 comments8 May 2019 -

  15. Successful Analyst Lateral?

    Investment Banking

    Hi guys, I know I posted a topic about lateraling before, but I was just wondering if any WSO member has successfully lateraled from one firm to another as an analyst. It would be preferable if it was right after the first year. I am specifically looking ...

    38 comments21 Mar 2011 -

  16. Lateral or B-School?

    Private Equity

    Hi all, I'm currently an associate going into his 3rd year at a MF in NY. I'm starting to think of next steps and am curious to hear the thought process of those who were on a "partner" track role who decided to go to B-School instead. ...

    10 comments10 Oct 2018 -

  17. I'm current approaching my first year as an analyst working at a top MM bank's satellite office (Piper Jaffray, Baird, William Blair, Houlihan) and have recently decided to pursue lateral opps to MBB. A big part of the decision came from persona ...

    14 comments3 May 2017 -

  18. Lateral hire entry point

    Investment Banking

    If I work for a whole year before lateralling into investment banking, would I join as a second year analyst or would I have to start from the bottom? lateral ...

    13 comments17 Jan 2017 -

  19. Hello everyone! Thank you all so much for the thoughtful responses that have come out of these threads- I have another question for the group that I was hoping I could receive some help with. I am thinking of accepting an offer with Deloitte S&O, but ...

    16 comments30 Jul 2015 -

  20. Hey everyone, long-time lurker/poster but recently made a new account. My dilemma is as follows: got an offer to be an analyst for an infrastructure investment firm, the day I went to sign the contract they said they'd need me to help the advisory te ...

    10 comments10 Jul 2018 -

  21. - 2nd year analyst here looking to lateral here from BB to another BB- Main reason is because of low to minimal deal flow at current team- Would that be a good reason to convey during the interview process or is it frowned upon to discuss your current empl ...

    18 comments23 Oct 2013 -

  22. Graduated from an ivy, working at a large bank. Got placed into the ECM group. By no means want to trash equity capital markets or my firm but I am just not learning any of the skills I got into banking to learn. And with the markets the way they are curr ...

    13 comments19 Dec 2015 -

  23. Thoughts on Lateraling

    Investment Banking

    What goes through your head when trying to make the decision? Have an offer from a GS /MS/ JPM bulge coming from a well known middle-market, but am on the fence. Would love to get feedback from those who made the jump after a year and how it helped/hurt l ...

    16 comments31 Aug 2012 -

  24. I'll make this short- currently finishing up my first year in BB S&T, and have interviewed for IBD in a bunch of other BBs, and my own BB internally. Got a call from HR from one of the other BBs, and they said before they give me an offer letter, ...

    15 comments29 Aug 2013 -

  25. So I am a recent graduate from a semi-target, 3.7 who landed a SA position at a MM firm right after graduation. Wondering what are the necessary steps I need to take to lateral after this summer to a BB FT (possibly starting in January or later). Also, I ...

    11 comments14 Jun 2016 -

  26. Who's looking for laterals?

    Investment Banking

    Who is looking for lateral hires right now? If you know of any FO opportunities in a product/coverage group, please PM me. Thanks. Investment Banking lateral ...

    15 comments8 Mar 2011 -

  27. Lateraling Insights

    Investment Banking

    Thank you WSO! I've been a member of the community since I became interested in pursuing a career in banking a few years ago. I just lateraled into a top advisory group. Before I was in a so-so group at a low-tier bank and now I'm going into wha ...

    13 comments12 Jun 2013 -

  28. SB(s) for a thorough, thoughtful critique. http://www.razume.com/documents/18679 My main concerns are as follows: Transaction experience headers: My wording seems awkward to me. Can't use names since none of my more noteworthy transactions have close ...

    12 comments1 Feb 2011 -

  29. ,.aaaaaaaaaaaaaaaaaaaaaaaaaa lateral Investment Banking Bulge Bracket ...

    9 comments15 Sep 2016 -

  30. So my friend started looking for a PE gig at end of her 2nd year (July 2015), but since then she's had a lot of interviews but hasn't landed anything. She's had so many interviews, that most people in her team have realised she's inter ...

    8 comments11 Feb 2016 -

  31. Should I expect relocation bonus and signing bonus when lateraling from one shop to another (top MM)? If not, is it bad to ask for one? I guess my question really stems from how easy it is to negotiate stuff like this and general compensation when lateral ...

    9 comments25 Jan 2015 -

  32. ...................................................delete.................................................. DCM IBD lateral associate analyst coverage group acquisition m&a ...

    7 comments10 May 2018 -

  33. I want to know of what ways you guys think one could leverage an FP&A Associate role for a PE portfolio company into a role at a PE fund. Have you known someone to take this route? Any info on this would be appreciated as I have just been extended suc ...

    10 comments29 Sep 2011 -

  34. UBS vs Guggenheim

    Investment Banking

    (Filling up character content requirement, filling up character content requirement, filling up character content requirement) Guggenheim UBS lateral bb lateral Coverage Salary ...

    5 comments14 Oct 2019 - Analyst 1 in IB - Ind

  35. I know that there was a period of time recently when firms were taking lateral analyst transfers- is that still the case? If so, what is the best way of going about finding opportunities? Thanks in advance guys. transfer lateral ...

    10 comments5 Mar 2010 -

  36. Deleted

    Sales and Trading

    Deleted s&t business school lateral ...

    9 comments28 Jan 2014 -

  37. Hi guys, I'm from a top target school and currently have an internship for the summer at a BB M&A group. Should I want to lateral to a different BB next year, what should I do? I'm mainly interested in TMT or M&A for lateral, but that ma ...

    7 comments18 Jan 2017 -

  38. Entry level (lateral)

    Management Consulting

    I'm currently a Public Fin IB analyst working at a boutique; its temp work and will end soon (end of June). I'm not interested in Public Finance work, and I'm looking more into management consulting. Are there any specific consulting compan ...

    8 comments16 May 2013 -

  39. Plan B: Geography vs firm size?

    Investment Banking

    Hi all, Was planning my next moves in case the current full time recruiting falls through for me. Ideally I would like to move to London and work at a BB / EB that I like. What would be the best way to go about this when I can't secure a '18 gra ...

    6 comments20 Oct 2017 -

  40. Announce My Lateral?

    Investment Banking

    Do I have to tell firm management where I am lateraling? I might be leaving to a competitor and would prefer not to mention which bank I am lateraling to. I'm not sure if there is FINRA regulation related to this. lateral FINRA ...

    4 comments5 Mar 2020 -

  41. i'm 2 years out of non-target undergrad and looking to lateral into IB. currently working in a corporate FP&A role at a top tier software company, before that i was worked at a tiny muni-bond shop for 9 months before getting laid off. wondering i ...

    8 comments31 Jul 2011 -

  42. If I lateral 3 months before the end of first year, do I receive a prorated bonus for 3 months at the new firm or none at all? bonuses lateral ...

    8 comments27 Mar 2011 -

  43. I wanted to see how common it is for people to lateral from top prop. shops (DRW/ Susquehanna /Trillium/FNYS etc.) to the sales and trading divisions of Bulge Bracket banks and to hedge funds. I'm sure if you are successful at one of the respected pr ...

    8 comments8 Apr 2009 -

  44. If you were at the mid-level and lateraled to another shop, what type of signing bonus could you expect? lateral IB ...

    6 comments15 Apr 2016 -

  45. Hi all, What are some private / growth equity shops that tend to take (senior) associate laterals from other PE shops, after they've completed their two associate years? Just thinking of my options, as I'm at a 2-and-out shop and don't plan ...

    6 comments4 Feb 2016 -

  46. Hi all, I worked at a large firm in M&A for over 2 years and switched to a much smaller firm. Been here about 1.5 years now, I'm doing well and got promoted and everything but want to get back to a big firm. I have traction with some BB and elite ...

    5 comments24 Apr 2018 -

  47. IBD lateral from a CRA

    Investment Banking

    Hi, I am currently at a boutique consulting firm (~1 year of experience) and am looking to lateral into IBD in ~2 years. I am considering an offer for an operations analyst role at one of the CRAs (S&P, Fitch, Moody's). Although the role is in op ...

    6 comments20 Apr 2016 -

  48. Summer 2011 laterals

    Investment Banking

    Is anyone here a first years at boutique trying to do a lateral after your first year do a better/bigger firm? If so, what's your progress on this? I have begun reaching out to recruiters and friends at other banks but don't plan to leave until ...

    7 comments14 Mar 2011 -

  49. I am an ex-lawyer who has been trying to lateral into a junior associate investment banking position. Next week, I have my first interview with a couple of bankers at a BB. I don't know exactly what position I will be interviewing for, but I've ...

    7 comments31 Mar 2010 -

  50. London hiring freeze

    Investment Banking

    Saw a similar thread for traders. Wanted to see what everyone's thoughts are on IB in London. I myself can confirm hiring freeze at two Bulge Brackets. hiring freeze IBD london recruitment lateral analyst ...

    4 comments31 May 2019 -

  51. I've just been told that 50% of my time will now be dedicated to FoF and no longer 100% on LevFin (buyside).... I feel pretty nauseaus at the sudden change and Idk if I should try to jump ship to another PE shop or stick it out and go for an MBA in a ...

    6 comments7 Mar 2016 -

  52. Hi everyone, Currently a 1st year analyst and absolutely hate my group. I dislike the industry I am in and the people in the group are so self-centered, introverted, and uninteresting. None of the analysts talk and the morale is pretty low. The deal flow ...

    6 comments24 Jul 2013 -

  53. I'm at a MM in NYC with a cultural of internal A to A promotion. The dilemma is that I don't want to make a career at this bank, and my goal is to transfer to a MS/ GS / JPM as a first year associate. My question is would it be in bad taste to t ...

    5 comments31 Mar 2016 -

  54. Second Phone Interview

    Investment Banking

    I'm at an MM lateraling for an EB analyst role. I had a first round phone interview that went well and now they want to have another phone call interview. What should I expect this time? The first time was half background and half technical, should I ...

    5 comments21 Feb 2015 -

  55. Hi All- I'd be interested in hearing where the associates at your buy-side shops are going these days after their two years? I've had the opportunity to work at three firms that have spread venture, middle market PE and lower middle market growt ...

    4 comments20 Jul 2018 -

  56. Hi everyone, My question is basically as stated on the title. Has anyone ever dealt with HR internal approval issues with regards to hiring? Some background: Been out of school for a year and going through an interview process for an experienced IB analys ...

    5 comments8 Jan 2014 -

  57. Hello all, This is a serious question (i.e. not a troll). I know that with bonuses about to be handed out soon, if not already, many who thought banking was for them but isn't will be calling it quits. Additionally, I know some first year analysts fi ...

    5 comments10 Jul 2013 -

  58. Is anyone else with 1-2yrs experience and a decent resume having trouble making a lateral move within trading? lateral ...

    5 comments16 Aug 2012 -

  59. I graduated this may and am working at a hedgefund. During recruiting I felt my temperament was suited for finance but I find the work to be unfulfilling and I would like to be in a position where i can develop business vision/intuition. I think consultin ...

    5 comments12 Jul 2012 -

  60. Lateralling within ER

    Equity Research

    It was recently communicated to me that I would not be receiving a raise in base (salary freeze) following a very disappointing bonus. I was already paid 10k below street IMO so this leaves me 20K below street and well below street bonus. FYI, I work for ...

    5 comments17 Mar 2011 -

  61. I graduated in 2009 from a top-10 school and wasted about a year in consulting before I realized I wanted to transition back into finance. I was fortunate enough to find a great position despite the awful market and am starting in a couple of weeks in the ...

    5 comments25 Nov 2010 -

  62. I'm new here, so thanks in advance for having me around. I'm a recently laid-off BigLaw lawyer (a junior associate), with a undergraduate degree from an Ivy League school and a JD from a top 5 law school. Currently, I'm trying to transition ...

    5 comments15 Mar 2010 -

  63. Lateral Consutling Hires

    Management Consulting

    I'm a first time poster long time reader. On this forum you hear alot about lateral hires in banking from a mm to a bb, etc. Are there lateral hires in consulting? If so when does that process take place? Thanks. consulting lateral ...

    5 comments22 Feb 2010 -

  64. Buyside lateral- chances?

    Private Equity

    Advice needed on my chances at lateral recruiting: a year and a half ago I was hired out of school by a large global credit fund (sponsor focused deals-recap, acquisition fin etc.). In this time i've managed to look at 100+ deals and closed in excess ...

    5 comments21 Dec 2009 -

  65. Hello, I've been on the prowl for investment banking lateral analyst opportunities since the start of this summer, but the opportunities at the BB / EB /top-tier MM level have been very few and far in between. Would really appreciate any input that o ...

    4 comments27 Sep 2016 -

  66. Hey monkeys, So I started my current IB Analyst gig a few months ago and I am starting to think about the long haul. I'm at an industry focused boutique which has few to no associates and no real "promotion track". It's made up mostly ...

    4 comments29 Jan 2016 -

  67. I just started at a boutique PE shop about a month ago but I would like to switch to a MM PE firm that I feel would support my goals of locking a summer analyst position at a MM or BB bank more effectively. I've learned about an open position at the ...

    4 comments22 Oct 2014 -

  68. Hi Monkeys Does anyone have know about how easy is it to Lateral within Bridgewater Associates? i.e. Lateral from Finance Associate to Portfolio Associate or Technology Associate to Management Associate. I have an offer from them but it's not my idea ...

    4 comments17 Sep 2014 -

  69. I'm a victim of the Bear Stearns debacle and accepted an analyst position at a 2nd/3rd tier MM bank. I've now worked for 7+ months and want to make a move. I'm not certain of the timing for lateral hires and was hoping someone could provide ...

    4 comments22 Apr 2016 -

  70. Finished my 1st year

    Investment Banking

    Hey all, I just finished my 1st year at a BB Fof and want to move to banking. Anyone knows how I should go about doing this? I feel as if they all recruit only current undergrads. I'm one year out. what paths should I take? IBD Banking lateral move F ...

    4 comments10 Aug 2013 -

  71. So I've been told about certain groups having a hiring need, but don't know anyone personally who works in those groups...I do have analyst friends in other groups however, and was thinking of asking them the names of people in the groups that a ...

    4 comments5 May 2013 -

  72. Credit Risk as a Sophomore

    Investment Banking

    So currently I am approaching my sophomore summer and I have an internship with a BB in Credit Risk, which I know is generally considered an MO role. However, I want to go into IBD rather than Credit Risk. My question is, would a sophomore doing credit ri ...

    4 comments23 Apr 2013 -

  73. Hey all, I'm a MBB as a graduate in the fall. My division in the company has undergone a lot of restructuring and it has greatly affected the culture and the work that we do. One of the main reasons why I joined was the possibility of rapid career ad ...

    4 comments22 Apr 2013 -

  74. Stuck

    Investment Banking

    Hey guys, I want to get some candid opinions of my situation. I am 10 month FT analyst a no name ten person shop. Deal quality is pretty much crap. I want to lateral to a MM and have been networking for a while now. My background is not pretty- I graduate ...

    4 comments9 Nov 2012 -

  75. delete

    Investment Banking

    delete Investment Banking boutique business school lateral ...

    4 comments2 Dec 2013 -

  76. I'm 6 mo. into my 1st year at a boutique IB in NYC (known/has presence, but not really a "top" boutique). I just spoke to a headhunter about PE opportunities and he was strongly encouraging lateraling to a BB or else PE opportunities might ...

    4 comments29 Dec 2011 -

  77. Lateral Interview Question

    Investment Banking

    Currently a 2nd year analyst at a BB which is not doing that great. Have a lateral interview coming up for a stronger (top 3) BB for the same industry group. Reason I want to switch is that my firm is losing people and I'm not getting as strong exper ...

    4 comments10 Sep 2011 -

  78. Sup Hommies, So I is currently employemented with La Familia where I do day trading in the pharmaceutical compound sectorial. I know that ain't no top tier Columbian gang but unfortunately I went to a suburban school where the OCR ain't too fres ...

    4 comments2 Jul 2011 -

  79. Hi all, Currently at a MM in a rotational program, consisting of multiple 3-6 month rotations. While it seemed a good idea when I started, the practical implications are that because of the short tenor you have at all of these departments (infra, FIG cove ...

    3 comments28 Jun 2018 -

  80. Levfin to Restructuring Lateral

    Investment Banking

    All, I'm currently a LevFin analyst looking to make a move into restructuring over the next couple months. I was wondering if anyone has any experience making this transition. I understand the process of reaching out to HHs/my network to get intervie ...

    3 comments4 Sep 2017 -

  81. Alright monkeys, I could use some advice. I've spent the last several years (over 6) working as an analyst for an industry-specific fund strategy and I'm getting a bit... bored. The culture and the pay are great but I'm interested in broade ...

    3 comments17 Oct 2016 -

  82. Anyone have any anecdotal or firm knowledge of what a lateral can expect in terms of signing bonus? Say for your typical MM firm (Blair, Baird, HL, HW) coming from another MM firm. signing bonus lateral vp ...

    3 comments15 Sep 2016 -

  83. Recently finished as a summer analyst in a LevFin group of a large non- BB bank (BMO, WFS, RBC) in their east coast office. Not wanting to risk ending up with nothing, I accepted a full time offer to comply with exploding offer deadline. Problem is, I don ...

    3 comments5 Sep 2015 -

  84. Just wrapped up 1 year in a Corp. Finance role. I would imagine I would be applying as an Experienced hire, and it seems like every listing requires previous IB experience. At this point, what are my options? Just try for top MBA--> then Associate? lat ...

    3 comments8 Jun 2014 -

  85. I've been in my job in BB ER for about a year. It's ok, but I would really rather be in banking.I think I can switch into banking fairly soon--and I definitely can if I wait until my research program ends next summer. No hard offers, but I can f ...

    3 comments22 Apr 2016 -

  86. I have an interview for a lateral hire to a tech focused M&A bank coming up next week. I was curious as to what kind of industry-specific knowledge might be valuable when it comes to technology, ie different valuation concepts, multiples, or anything ...

    3 comments18 Dec 2013 -

  87. Consider the following scenario- I am finishing my first year in S&T at a BB and trying to transfer into IBD. Let's say i receive an IBD offer from a competing BB....could that be used as a bargaining chip to start a conversation with HR/my manag ...

    3 comments2 Aug 2013 -

  88. Hi guys, I am looking for a lateral hire into one of the elite boutiques. On most company's website, it stated please send your resume to this email (the company's HR email address) I wanted to check with fellow monkeys here whether its a good i ...

    3 comments16 Apr 2013 -

  89. Guys, I have two really quick questions. If you are looking to switch firms after 3-4 months, and are asked to provide references,- what type of information is verified from your references generally?- plus, if you were around for 3- 4 months only at your ...

    3 comments14 Jan 2013 -

  90. Lateral phone call.

    Investment Banking

    Monkeys, I have a lateral phone call coming up later this week with a pretty legit MM bank for its tech group. I'm currently not in tech but would absolutely love making the transition. My question to you all is what to expect on the call. It's ...

    3 comments24 Sep 2011 -

  91. I've made a huge mistake

    Job Search Advice

    I'm now a 2nd-year analyst in London at a BB in DCM. About 6 months ago, I lateraled over from an NYC office at another bank where I had spent 7 months. I went to Oxbridge and my friends from uni were all in London, whereas I grew up in [2nd-tier fin ...

    3 comments24 Jul 2011 -

  92. How long does it take to hear back after final round for lateral associate roles? Is it typically as quick as undergrad / analyst recruiting (1-3 days after the final round) or does it take much longer? Also, would they just delay the process for the heck ...

    2 comments2 Aug 2018 -

  93. This summer I accepted an offer at a MM (Jefferies/ WF /RBC), which I was initially very excited about. While I still believe it to be a great opportunity, I cannot shake the though of possibly lateraling to an EB like Moelis or Evercore. There is one rea ...

    2 comments12 Apr 2019 -

  94. I'm currently at a small no-name boutique in NYC (Generalist, ~ 10 bankers, smaller M&A deals and Capital Raises) I've been here for a bit less than a year and have recently started looking at opportunities at larger banks (boutiques & M ...

    2 comments2 Jul 2018 -

  95. Hi all, Decided that I will start preparing to lateral soon (think after summer, because I have a vacation planned lol). Ideally I would like to move to a bigger (balance sheet) investment bank. At the same time, I would love to make the move to London (o ...

    2 comments18 Apr 2018 -

  96. Currently a second year analyst at a boutique (not EB- firm is small and focused on one industry, deal flow is solid but clients are typically <$50mm revenue) and am wondering if it would make sense to lateral to a strong MM / lower BB after I finish m ...

    2 comments3 Feb 2018 -

  97. Has anyone made the transition to real estate investment banking to healthcare investment banking? Wondering if people think this is a doable transition. I see real estate IB being somewhat related to a healthcare IB because some healtcare transactions in ...

    2 comments24 Jan 2018 -

  98. intern banking mm BB lateral advice ...

    2 comments30 Jan 2018 -

  99. Thanks in large part to the sage advice on this site, I was able to land a FT offer starting next summer. Building on that, I'll keep this direct, as I have several specific questions regarding "what's next"--My ultimate goal being PE. ...

    2 comments31 Mar 2016 -

  100. what's easier?

    Off Topic

    What do you think is easier? Lateral from boutique FO role to MM FO role? or from BB MO role to BB FO role? lateral investment bank ...

    2 comments13 Nov 2015 -

  101. Staying Flexible? IB vs. MMS

    Job Search Advice

    Hello everyone, Hopefully this is posted in the right forum. I've been in Audit for ~1 year now and I'm still trying to make the transition to IB. I've been hitting the technicals pretty hard and picking up speed with networking, but I can& ...

    2 comments6 Aug 2015 -