Explaining Desire to Lateral

So I currently work at a MM bank in ECM.


I have been interviewing at a few BB/EBs to lateral, however, I feel as if I have had some difficulty explaining my desire to move. I have been basing it off of a desire to learn more and work on larger, more exciting transactions.


How else would you explain a desire to lateral aside from saying "I think my company is not moving in the right direction",  "my associate/director sucks" or "this bank pays more/is more prestigious". Keep in mind I am trying to lateral the same group. Any insight would be great, especially from someone who has experience interviewing lateral candidates.


Thanks!

 

U need to do research more into companies when u apply then. Look up xyz brand name deals and base it off that, or average deal size or decent mandates. Maybe they have built a strong name because of ‘ 100 billion deal 5 years ago and every few years having mega deals ‘ or some shit

Just do the research and explain fit based on ppl Networked with

 

Thank you, I will dive deeper in for my upcoming interviews. 

So far, I have been running deal screens on the bank's last couple of years, mentioning a few notable deals, citing average transaction size, and a desire to work on more actively bookrun offerings.

 

Aut quam id sunt dolore iusto facilis perferendis. Soluta impedit velit hic consequatur fugit voluptatem. Repellendus iure repudiandae sit ut. Omnis ipsum non voluptas sit sunt. Eveniet sit ut enim ea qui ut sunt. Ut culpa fugit ipsum quas et.

Vel perspiciatis rerum itaque. Veniam sapiente ipsa vitae vel ea nihil. Incidunt minus repellendus porro doloribus consequatur.

Totam libero velit sit doloribus ut. Illo autem adipisci sit dicta molestias libero. Aliquid quasi debitis quia neque. Voluptate reprehenderit non sit facere consequatur voluptatem et. Et voluptate earum reiciendis non exercitationem.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”