Another crazy week at work (pending deals and, you, know, everyone getting laid off and leaving me with all their work to finish) and another weekly reader Q&A while I find time to write more 3,000 word articles…
Elite Boutiques
“I had multiple full-time bulge bracket offers but instead opted to go to a recently founded “elite” [...]
“Inquisitor, I’m at Lehman’s TMT Group currently but I heard that Goldman TMT is way better and that everyone who works there aces their private equity interviews and gets offers at KKR and Blackstone. How can I transition over to a much better group/bank?”
Every week I get questions like the one above. And my reply is usually the same: don’t bother. In most cases, lateraling is simply a waste of time and effort. Around this time of year, though, young investment banking analysts everywhere think about making the move.
A CFA will not help you all that much - getting banking experience, even if it’s a smaller bank, is definitely the way to go. If you have to, offer to work for free just so you can get the proper experience and start building relationships for a bigger and better job down the line.
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