Originally Posted by Lord-Barrington
Laterally within a BB is one of the biggest mirages ever. For every one guy that succesfully laterals from an ops role to a banking role there are literally hundreds who try and fail. Furthermore, "middle office" work like risk analysis and structuring is probably out of this guy's range right now as well and the middle office is where most transfers happen from. The guy who goes from IT support to IB at GS is a freakin' miracle worker.
Wrong and GS is not the only bank on the street. Some roles in Risk involve pulling monthly reports from databases, scrubbing them for errors and creating reporting packages. Does not require any prior experience or skill. Usually branded as an "MIS" role. While in this role, take advantage of the tuition reimbursement policies that pretty much all banks have and acquire professional certificates. From there transfer to credit risk management and then finally look at actual IBD roles at Harris Williams or other regional lower tier banks. If he's two years out of undergrad now, he could plan for entry into a regional bank as an associate in about five years. At the very least, pursuing this path would put him in good standing for an MBA.