Comments on: The Full Guide to Lateral Hiring in Investment Banking https://mergersandinquisitions.com/lateral-hiring/ Discover How to Get Into Investment Banking Wed, 05 Jun 2024 22:54:57 +0000 hourly 1 https://wordpress.org/?v=6.5.5 By: M&I - Brian https://mergersandinquisitions.com/lateral-hiring/#comment-844596 Mon, 15 Apr 2024 14:17:06 +0000 https://www.mergersandinquisitions.com/?p=1593#comment-844596 In reply to Apple.

Not sure offhand because most people tend to stick with one path once they have an initial internship lined up. You’d probably have some advantage doing this because the bank already knows you, and at least one division can vouch for you, but I’m not sure it would be a huge advantage because you’ll still have to go through the entire IB recruiting cycle once again.

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By: Apple https://mergersandinquisitions.com/lateral-hiring/#comment-844520 Thu, 11 Apr 2024 21:38:16 +0000 https://www.mergersandinquisitions.com/?p=1593#comment-844520 How is internal lateraling from sophomore to junior internships? Say from a sophomore S&T position to a junior IB role?

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By: M&I - Brian https://mergersandinquisitions.com/lateral-hiring/#comment-835208 Thu, 19 Oct 2023 01:57:42 +0000 https://www.mergersandinquisitions.com/?p=1593#comment-835208 In reply to BL.

There isn’t really anyway to transfer internally without upsetting your current team on some level. You can start by looking up people who work in IB at your firm on LinkedIn and then contacting them via your internal email system and see where that goes. I would not notify your team until later in the process.

For spinning corporate banking experience, you can talk about the parts that transfer into IB roles as well, such as your experience reviewing financials, looking at credit stats/ratios, reviewing recent issuances, etc. If you want to learn more, there are plenty of options (see our courses) ranging from in-person to online courses to books and textbooks. It just depends on your preferred learning style and how much time you have.

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By: BL https://mergersandinquisitions.com/lateral-hiring/#comment-834768 Sun, 15 Oct 2023 22:47:28 +0000 https://www.mergersandinquisitions.com/?p=1593#comment-834768 Hi Brian,
I am a corporate banking credit analyst in a multinationals group at a large bank. They are looking to expand fast in their US investment banking business and I want to lateral into an IB group. I work on rating clients and corporate banking deals currently. I am wondering how I can attempt a lateral in my firm without making my current team upset? I am also wondering what level of transparency is necessary and how I can approach finding leads within the IB groups at my bank? How can I spin current corporate banking deal rating experience into an IB position. I also have modeling experience from my rating role, but where should I refine those skills for an IB role?
Thank you so much for any insights you can give me!

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By: M&I - Brian https://mergersandinquisitions.com/lateral-hiring/#comment-829697 Sun, 01 Oct 2023 02:41:13 +0000 https://www.mergersandinquisitions.com/?p=1593#comment-829697 In reply to Alex.

If you only have 2 months of work experience, you should be able to network your way into a lateral role in IB in most cases. It’s usually best to target a move after about 1 year of full-time work. I wouldn’t bother with an MBA unless you get nowhere via networking and preparing on your own.

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By: Alex https://mergersandinquisitions.com/lateral-hiring/#comment-829040 Wed, 27 Sep 2023 03:04:31 +0000 https://www.mergersandinquisitions.com/?p=1593#comment-829040 Hi Bryan, I’m a T2 consultant in NYC focused on CDD/Value Creation work. I have been working for 2 months and I never knew what IB was until I started working in NYC (not from a finance background or area) and want to go into it now. I was thinking about networking with BB/EB firms to try and lateral but you said it’s probably not likely to get in if you didn’t start out in IB. If I ultimately want to work for a BB/EB, should I just focus on a GMAT and get an MBA or is it worth it to network with them and do my best to win an offer these next 6-24 months? Thank you.

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By: M&I - Brian https://mergersandinquisitions.com/lateral-hiring/#comment-806053 Wed, 21 Jun 2023 18:01:54 +0000 https://www.mergersandinquisitions.com/?p=1593#comment-806053 In reply to Nahid.

I think you could probably do it, assuming you can win admission to one of those schools, but you may not be competitive at the biggest banks/PE firms.

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By: Nahid https://mergersandinquisitions.com/lateral-hiring/#comment-804688 Thu, 15 Jun 2023 11:06:08 +0000 https://www.mergersandinquisitions.com/?p=1593#comment-804688 In reply to M&I – Brian.

So i am thinking to do MSF in ESCP or HEC then i want to work in Investment Bank in Europe region. My final goal is winning PE role. Do you think i have any chance? or there is another way to achieve my final destination.

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By: M&I - Brian https://mergersandinquisitions.com/lateral-hiring/#comment-804669 Wed, 14 Jun 2023 19:34:35 +0000 https://www.mergersandinquisitions.com/?p=1593#comment-804669 In reply to Nahid.

I don’t know if there’s any precedent for people doing an MBA and then an Msc, sorry. I think you would get a lot of questions about your career path, but it might be possible if you spin it the right way and get into one of the top European programs.

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By: Nahid https://mergersandinquisitions.com/lateral-hiring/#comment-804628 Tue, 13 Jun 2023 05:11:02 +0000 https://www.mergersandinquisitions.com/?p=1593#comment-804628 Hi Brian,
I am Bangladeshi. I already did a MBA from my country. Right now i am working in Marketing At MNC. I want to switch my career and want to go in investment banking analyst position in london, france, germany. My Age is 27. do you think i have any chance to get investment banking analyst position in europe or london region. I am intending to do msc finance in germany,london,france. do you think i have any chance in IB Europe Region or London.

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