Comments on: The Full Guide to Lateral Hiring in Investment Banking https://mergersandinquisitions.com/lateral-hiring/ Discover How to Get Into Investment Banking Wed, 21 Jun 2023 18:01:54 +0000 hourly 1 https://wordpress.org/?v=6.2.2 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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By: M&I - Brian https://mergersandinquisitions.com/lateral-hiring/#comment-794511 Wed, 05 Apr 2023 21:27:37 +0000 https://www.mergersandinquisitions.com/?p=1593#comment-794511 In reply to John Simons.

Networking is the best method. LinkedIn and other job boards can work, but more to figure out which firms/groups might be hiring (and then you go and contact people there independently once you’ve found some groups in that category). You could message people over LinkedIn, but response rates are sometimes slower/lower, especially for senior bankers. Email works well, but only if you can send out good, personalized messages that don’t look AI-generated content or spam…

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By: John Simons https://mergersandinquisitions.com/lateral-hiring/#comment-794453 Mon, 03 Apr 2023 00:58:21 +0000 https://www.mergersandinquisitions.com/?p=1593#comment-794453 Hi Brian,
I wonder if you had any advice on where to look for lateral postings. Is networking the best way to find out about opportunities? I know LinkedIn is one option, but I’m not sure if all the postings show up on LinkedIn. For context, I’m already in IB so I’d assume a lateral shift for me would be easier, but just wondering about how I would go about finding the opportunities.
Appreciate the response.

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By: M&I - Brian https://mergersandinquisitions.com/lateral-hiring/#comment-791791 Sun, 26 Feb 2023 14:38:46 +0000 https://www.mergersandinquisitions.com/?p=1593#comment-791791 In reply to John Simms.

It’s possible, but probably not the easiest move because they’ll question how much you know about valuation and modeling outside of credit modeling. If you work with IB teams on the same deals, it’s worth a shot. But if you don’t get good traction after, say, 6 months, maybe focus on corporate banking roles instead or find more of a valuation-related role first. They will probably ask about these issues as well as your knowledge of the entire deal process, if you can run a deal from start to finish, etc.

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By: John Simms https://mergersandinquisitions.com/lateral-hiring/#comment-791751 Sun, 26 Feb 2023 03:17:30 +0000 https://www.mergersandinquisitions.com/?p=1593#comment-791751 Hi Brian. How hard do you think the lateral move to IB in MM/BB will be from being in credit risk role where you sit sometimes with IB teams in the same deals but focus on the credit aspect? We mostly underwrite typical bank debt and work w/ companies up to >1B in EV, think small cap. Context: my team covers middle markets at a top BB in a coverage group (think HC/Tech: VC/PE deals) where we do variety of originations within bank debt and also TLBs. Just curious on your thoughts in terms of what I would be getting called out for in the deal explanation given my team sometimes runs and tweaks the models for originating the bank debt for capital structure.

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By: Jason Tong https://mergersandinquisitions.com/lateral-hiring/#comment-791720 Sat, 25 Feb 2023 04:02:20 +0000 https://www.mergersandinquisitions.com/?p=1593#comment-791720 In reply to M&I – Brian.

Thanks for the response Brian. That’s a good point you make. I was initially thinking about moving to a BB/EB in Canada just to lateral across the border through some internal mobility program. But yea, most of them don’t have the greatest presence in Canada (exception being BofA and Barclays).

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By: M&I - Brian https://mergersandinquisitions.com/lateral-hiring/#comment-783033 Wed, 01 Feb 2023 16:25:27 +0000 https://www.mergersandinquisitions.com/?p=1593#comment-783033 In reply to Jason Tong.

It’s usually easier to move from Canada to the U.S. than from other countries because of the TN-1 visa. If your current firm has a decent presence in NYC, I would recommend asking about the switch internally first and reaching out to people in the NY office. Networking helps but may not be essential. I don’t think it’s worthwhile to switch firms in this case because you don’t want to end up working at potentially a firm with a worse presence in Canada just to eventually switch countries.

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