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PE Mid-Level Recruiting Process (VP / Principal)
How many candidates are included in a mid-level recruiting process? At my firm, after screening 25-50 resumes, we brought in 10 candidates for a first round interview, which begins with a Partner / MD given the seniority of the position. I'm curious what other folks have seen.
Banks Worth It for Lawyer Lateral Associate Move
I’m curious which banks people consider worth it to switch to for a early career attorney making ~$350k. I’m essentially looking at IB positions at the Associate level, and it seems like most banks are hiring right now. Probably looking at something like special situations, leveraged finance,...
Lateral from Private Bank Analyst into IB
Background: Current rotational analyst in the private bank at a bulge bracket. Will have rotations in traditional relationship management, asset management, and structured product sales and trading. My goal is to lateral into IB (likely at same bank) at the completion of the 2 year program. Which 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...
IB Lateral Case Study: What to prepare
Hello everyone, I just completed the first segment of the technical interview portion for a lateral IB position and that was an LBO modeling (quite long since I was asked to project 3 statements and then perform LBO). The second segment is a case study for about 2-3 hours. What should I expect in...
[LDN] Lateral Analyst Job Market - Is It Just Me, Or Is It Shit?
As per the title - without doxxing myself, I was let go back as a 2nd year Analyst in December '22 from a MM bank (WB / HL / Baird / Stifel / Investec) and have been unable to land other interviews for lateral analyst positions. My profile is decent (target uni, good team industry rep), and I have...
[LDN] Lateral Analyst Job Market - Is It Just Me, Or Is It Shit?
As per the title - without doxxing myself, I was let go back as a 2nd year Analyst in December '22 from a MM bank (WB / HL / Baird / Stifel / Investec) and have been unable to land other interviews for lateral analyst positions. My profile is decent (target uni, good team industry rep), and I have...
When do you expect lateral hiring to resume?
First-year that was caught up in the layoffs. Been recruiting for an IB role for some time with no luck. Wondering peoples guestimates on when lateral hiring will resume. How much worse will it get before it gets better For people that have seen a cycle before, what were the signs that firms would...
Credit Risk at strategic office at top BB ----> Debt Advisory/Lev Fin (should I include the strategic location on my resume?)
Hello Monkeys, In need of some inspiration. I graduated with a top grade from a semi-target in the UK and took my graduate job to work in credit risk for a top BB at a strategic office as I wanted to experience working abroad whilst I'm young. The work we do is essentially fundamental credit...
Lateral interview response time
Sr. ASO / VP lateral in a couple processes here. What response time would you expect after the usual 1-2 Zoom sesh first round interviews to hear back for a "superday" / final rounds? My inkling is that because it's not as hectic or urgent as on-cycle ASO recruiting from banking (or even structured...
Lateral Strategy in 2023
After hitting around the 6 month mark on the desk in my first year in a lesser-regarded MM bank in NYC, I've decided it's time to begin thinking about lateraling in order to improve my PE recruiting opportunities and to engage in more interesting work than what goes on at my bank (currently a lot of...
Moving internally from risk to IB
Hey WSO, I'm now networking with IBD analysts and associates with the aim of moving to IBD internally from Credit Risk. It's going well so far having talked to many analysts and associates, learning about their team and keeping an eye out for churn and open roles. How would the interview questions...
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...
Early Careers Analyst | Interview Process
What is the process like for lateral entry to a first year banking analyst role in North America? I come from a research background so I would typically expect a phone interview and many technical questions but we don't do case studies. For lateral entry do you get asked about previous work? Do you...
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...
From Quant to RE?
Hi guys, Apologies if similar has been posted. I am looking for advice on best ways to break into the CRE industry as a career lateral from quant asset management. The main problem I have been facing is "why the fuck do you want to do CRE from a quant?" which was expected. Any insight into the...
Diversity Hiring
I was just wondering if people of Indian origin count as diversity hires? And what really is stopping someone to say they are Hispanic if they are ethnic? Do banks make you prove that there is some lineage? Do people at the banks also know if you are "gay", or "lesbian" if you are successfully hired...
Best for lateraling: Deal volume vs. Deal Value?
I was wondering what would improve my chances of lateraling to a BB later on in my career the most: - An M&A analyst position at a bank/team that does many deals in the 50 - 100 mn. space, hence offers a good transaction experience. - Or an M&A analyst position at a bank/team that only does a very...
Lateraling from MBB to PE
Hi, I'm thinking about focusing on jumping from MBB to PE after reasonable amount of time in consulting. I'm affiliated with PE practice within the consulting firm, however want to make sure i have all the necessary skills to make the jump. Therefore I would like to ask for your opinion on the...
Nomura modeling test - Lateral Hiring
I recently got invited by Nomura for a lateral hiring opportunity. It comes with a modeling test before the next stage interview. Could someone share with me about what the modeling test is like? I saw a 2019-posting here and reached out to the author -- haven't got back yet. Hoping to know more...
Lateraling to Top EBs/BBs
Hey, This might be something that has been addressed a little while ago, but can't seem to get a good, clear answer on it now. If interested in lateraling to a better bank, what's the process look like? Is it strictly through career portals? What about for firms like Qatalyst that don't really have...
IB Analyst Lateraling After 1 Year
Is it possible/common to lateral as analyst after completing your first year? I know typically analysts are signed to 2 year "contracts", but I'm wondering if it's possible/common to lateral after only a year and the consequences associated with that. I know bonuses might come into play here. What...
Corporate Banking to Investment Banking (How to transition?)
I have been fortunate enough to get a graduate offer for a European BB in Corporate Banking and am excited about it. However, my goal is to end up in Investment Banking (DCM or Lev Fin seem like the most natural transitions from CB). The quick backstory for context: -Did STEM undergrad degree at...
Breaking Into BB - What's next? (Analyst with 2 yrs of experience on the West Coast)
Hi everyone, So I graduated from a Non-Target, mid-tier UC school and have been working at a local AM shop which focused in AM and structured products for the past 2 years. Due to the size of the company I get decent exposures on securitization, valuation, and FP&A. The work-life balance is...
Lateral hiring process at BB
How does the off-season lateral hiring process work at BBs? After you go through all the rounds of interviews, how long does it usually take to hear back? Does an offer take longer than a ding because they have to draw-up the paperwork?
Currently interviewing with McKinsey as a lateral hire for BTO
Hi, I am currently in the interview process with McKinsey (one of the West Coast offices) for an Associate position in their BTO practice. Briefly here's my background: BS + MS CS , 4 years of cross-functional experience in the High-Tech industry. I've a few questions and I'd appreciate if you could...
Investment Banking Resume - Incoming 1st Yr Analyst
Guys, I will be starting my IBD full-time job in August 2010. I wanted to update my resume and see if I can get some feedback from you guys. Please point out any obvious typographical/grammatical errors. Also, I would appreciate it if you could make any suggestions as to how I can word things...
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