Best Way to Lateral

For context I'm a Sr. Associate at an UMM NYC based fund. Got told I'm unlikely to get the VP promote. Anyone have ideas on the best way to go about lateraling? I've reached out the headhunters, but the opportunity pool is relatively limited (lots of new funds, rare to find anything larger than 1bn). 

Is there much value in directly networking by reaching out to Directors / MD's at other firms? Not sure if I can leverage a networking call into a proprietary lateral opportunity...

 

Stand outside the building of another UMM you find intriguing Pursuit of Happiness Style. Bring your little son as well to help create a sense of urgency.

 

Any MM / UMM will use the headhunters. You can utilize your network (school alum, from banking or other ex colleagues that also lateraled) but don’t think you will get anything “proprietary”. Even if you get looped into a process through your network, most firms will then loop you into the HH running it

 
Most Helpful

Dicta quis omnis exercitationem vitae. Amet quia dolorem ratione est. Alias impedit molestiae ex expedita eius. Corporis asperiores corporis velit et sapiente soluta maiores. Voluptas sint iure quisquam incidunt est. Sunt qui exercitationem praesentium accusamus velit.

Non tempore ea non impedit qui est. Dolor vel earum commodi et omnis molestiae praesentium corporis. Voluptates officia ut est dolores rem.

Explicabo aut placeat voluptatum ratione odio. Asperiores aut aliquam molestiae et. Modi libero dicta aspernatur.

Career Advancement Opportunities

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 99.0%
  • Warburg Pincus 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.9%
  • Bain Capital 97.4%

Overall Employee Satisfaction

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 98.9%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Ardian 97.9%
  • Bain Capital 97.4%

Professional Growth Opportunities

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 99.0%
  • Blackstone Group 98.4%
  • Warburg Pincus 97.9%
  • Starwood Capital Group 97.4%

Total Avg Compensation

May 2024 Private Equity

  • Principal (9) $653
  • Director/MD (22) $569
  • Vice President (92) $362
  • 3rd+ Year Associate (91) $281
  • 2nd Year Associate (206) $268
  • 1st Year Associate (389) $229
  • 3rd+ Year Analyst (29) $154
  • 2nd Year Analyst (83) $134
  • 1st Year Analyst (246) $122
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (316) $59
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”