Comments on: Lateraling To Another Investment Bank? Look Before You Leap http://www.mergersandinquisitions.com/2008/04/10/lateral-investment-banks/ Career advice for ambitious college students and recent graduates: how to get a job in finance and how to maintain your sanity. Wed, 09 Jul 2008 02:02:22 +0000 http://wordpress.org/?v=2.5.1 By: Inquisitor http://www.mergersandinquisitions.com/2008/04/10/lateral-investment-banks/#comment-1039 Inquisitor Sun, 18 May 2008 19:06:34 +0000 http://www.mergersandinquisitions.com/2008/04/10/lateral-investment-banks/#comment-1039 You can really do either - I would only go through a headhunter if you don't know anyone at the bank you're moving to. Most of my friends who have lateraled have done it via networking since they knew people wherever they were moving. There are no lateral-specific recruiters at banks - recruiters handle everyone, whether new hire out of college or lateral from elsewhere. They don't openly advertise their contact information, so best to go through a friend or headhunter. In terms of not being "caught," there's always a risk, but the best advice I can give is to avoid telling anyone at your current bank what you're doing. No matter how much you think you trust them, don't say anything because it WILL get out. If no one at your current bank knows, there's not much risk. You can really do either - I would only go through a headhunter if you don’t know anyone at the bank you’re moving to. Most of my friends who have lateraled have done it via networking since they knew people wherever they were moving.

There are no lateral-specific recruiters at banks - recruiters handle everyone, whether new hire out of college or lateral from elsewhere. They don’t openly advertise their contact information, so best to go through a friend or headhunter.

In terms of not being “caught,” there’s always a risk, but the best advice I can give is to avoid telling anyone at your current bank what you’re doing. No matter how much you think you trust them, don’t say anything because it WILL get out. If no one at your current bank knows, there’s not much risk.

]]> By: A. http://www.mergersandinquisitions.com/2008/04/10/lateral-investment-banks/#comment-1038 A. Sun, 18 May 2008 15:14:10 +0000 http://www.mergersandinquisitions.com/2008/04/10/lateral-investment-banks/#comment-1038 You mention here what one should consider before making the move, but you don't mention how to go about doing it. BB to BB -- headhunters or networking? Do banks have recruiters who only deal with laterals at the analyst/associate level? If so, how do you find them and submit your resume? Would you mind explaining how this is actually done and how it can be done without being "caught" by the group you currently work for? You mention here what one should consider before making the move, but you don’t mention how to go about doing it. BB to BB — headhunters or networking? Do banks have recruiters who only deal with laterals at the analyst/associate level? If so, how do you find them and submit your resume? Would you mind explaining how this is actually done and how it can be done without being “caught” by the group you currently work for?

]]> By: Inquisitor http://www.mergersandinquisitions.com/2008/04/10/lateral-investment-banks/#comment-506 Inquisitor Sat, 12 Apr 2008 22:38:48 +0000 http://www.mergersandinquisitions.com/2008/04/10/lateral-investment-banks/#comment-506 Ikemen: very interesting list. I've seen variations of it before. I'm not into ranking banks/people too much, but it's interesting to see just how much all these guys make. Ikemen: very interesting list. I’ve seen variations of it before. I’m not into ranking banks/people too much, but it’s interesting to see just how much all these guys make.

]]> By: ikemen http://www.mergersandinquisitions.com/2008/04/10/lateral-investment-banks/#comment-503 ikemen Sat, 12 Apr 2008 15:09:39 +0000 http://www.mergersandinquisitions.com/2008/04/10/lateral-investment-banks/#comment-503 Top Wall Street & Bank Traders~! http://boringest.blogasian.com/motivation/ what do you think about the list/rankings? or maybe you've seen it before? Top Wall Street & Bank Traders~!

http://boringest.blogasian.com/motivation/

what do you think about the list/rankings? or maybe you’ve seen it before?

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