How difficult will it be to lateral into an associate role at a MM bank? No prior IB experience, but made it to Manager in Deals transaction advisory, and also have restructuring consulting experience. I want to go into banking but don’t know if an analyst role makes sense at this point in my career.

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I think it's definitely possible, especially with your experience in transaction advisory and restructuring consulting. In my opinion lateral moves are always pretty tricky, and especially in this job market, but they're saying 2025 is going to be better and your background could help you stand out. I wonder if an analyst role will feel like a step backwards after being manager? But if you're willing to do that, it could be easier to transition

This is where my head is at. Any ideas on how to best position myself assuming the market picks up?

F

I did this recently

also interested, can you please share your insights?

btw OP - how many years of experience do you have?

and my work experience is even less deal-related than yours

If you’re applying for a MM bank, you’ll be fine but you really need to play up how your experience makes up for the 2 years of analyst.

In theory you’ve seen way more deals than most VPs by this stage, with 7 YOE. You just need to articulate why you’d be a great slot in for ASO.

Talk about understanding how buyers approach diligence, understanding the nuances/importance of NWC, how you’re able to quickly build a databook/model with your extensive QoE experience.

If you’re a manager in TS, you likely have your CPA, which is really important for MM M&A, especially on the LMM side.

Thank you for the thorough reply. This is essentially my story, and I believe it as well. I know the market is a bit slow right now but I am having trouble getting interviews.

I know folks who have done it so it’s definitely possible.

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