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!
What group? if a sector, i'd say access to more sophisticated clients. If something like LevFin, i'd say better resources and ability at a larger scale. Regardless- should just mention that at the analyst level it's a better foundation to work off of
Thank you. I work in ECM.
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.
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