BB investment banking, sales and trading, PE group, private banking internship to MBB full time?

BB Asset Management internship to MBB full time?
Background: I attend a target school in the NE, majoring in Economics

 

the two have very little to do with each other, but at least you have a 'brand name' on your resume it's really gonna be up to you overall to study cases

you're gona have to craft a good story as to why you want to make the switch, and why you chose to you an Asset Management internship instead of something related to consulting

.
 
Best Response

The finance and consulting industries are in direct competition with each other when it comes to recruiting (esp BB vs MBB, and in the sense that the best applicants are sought after by both industries). Also, it's a well-known fact that a significant number of applicants tend to apply to both industries.

Don't worry, it's better to have a brand-name internship (finance, engineering, whatever) than a 'second-tier' consulting internship (think L.E.K, Capgemini etc). MBB like BBs are turned on by brand names because it sends a strong signal to the potential employer that you have overcome the scrutiny of the stringent recruiting process at top firms, hence giving you a veneer of 'this kid seems to be a relatively risk-free choice if we give him an interview and he/she will not screw it up and waste that slot'.

And it's easy to spin your UBS experience for MBB- talk very briefly about how a lot of the skills in finance and consulting are transferable, and then elaborate upon what you learnt and link it to skills needed in consulting, and conclude by saying you'd prefer to work in the consulting industry and how their firm is your top choice etc.

 
0123456789r:

The finance and consulting industries are in direct competition with each other when it comes to recruiting (esp BB vs MBB, and in the sense that the best applicants are sought after by both industries). Also, it's a well-known fact that a significant number of applicants tend to apply to both industries.

Don't worry, it's better to have a brand-name internship (finance, engineering, whatever) than a 'second-tier' consulting internship (think L.E.K, Capgemini etc). MBB like BBs are turned on by brand names because it sends a strong signal to the potential employer that you have overcome the scrutiny of the stringent recruiting process at top firms, hence giving you a veneer of 'this kid seems to be a relatively risk-free choice if we give him an interview and he/she will not screw it up and waste that slot'.

And it's easy to spin your UBS experience for MBB- talk very briefly about how a lot of the skills in finance and consulting are transferable, and then elaborate upon what you learnt and link it to skills needed in consulting, and conclude by saying you'd prefer to work in the consulting industry and how their firm is your top choice etc.

Thank you for your comment, I completely agree with you.
 
0123456789r:

The finance and consulting industries are in direct competition with each other when it comes to recruiting (esp BB vs MBB, and in the sense that the best applicants are sought after by both industries). Also, it's a well-known fact that a significant number of applicants tend to apply to both industries.

Don't worry, it's better to have a brand-name internship (finance, engineering, whatever) than a 'second-tier' consulting internship (think L.E.K, Capgemini etc). MBB like BBs are turned on by brand names because it sends a strong signal to the potential employer that you have overcome the scrutiny of the stringent recruiting process at top firms, hence giving you a veneer of 'this kid seems to be a relatively risk-free choice if we give him an interview and he/she will not screw it up and waste that slot'.

And it's easy to spin your UBS experience for MBB- talk very briefly about how a lot of the skills in finance and consulting are transferable, and then elaborate upon what you learnt and link it to skills needed in consulting, and conclude by saying you'd prefer to work in the consulting industry and how their firm is your top choice etc.

All good, but LEK , Parthenon, ATK etc. in strat consulting SA >> UBS Asset Management Intern for "signaling."

 
0123456789r:

Don't worry, it's better to have a brand-name internship (finance, engineering, whatever) than a 'second-tier' consulting internship (think L.E.K, Capgemini etc). MBB like BBs are turned on by brand names because it sends a strong signal to the potential employer that you have overcome the scrutiny of the stringent recruiting process at top firms, hence giving you a veneer of 'this kid seems to be a relatively risk-free choice if we give him an interview and he/she will not screw it up and waste that slot'.

Nope. I'm sorry, the fact that you're comparing LEK to Capgemini tells me that you don't know anything about consulting recruiting.

A few things:

1) 2nd tier consulting internships (LEK, OW, Booz, ATK, Deloitte S&O, Parthenon) are top brand name internships. They're more competitive to get than IB or Asset Management internships because they simply pick so few. The situation is exacerbated for 2nd tier consulting ships because they're smaller to begin with and recruit at fewer firms.

2) 2nd tier consulting internship is the best signal you can give if you know fore sure you want to go into consulting FT. It's an incredibly easy sell for FT MBB recruiting, because it tells me that you know how to do well on case interview (a HUGE plus) and that you know what consultants do. It's the most risk averse choice a recruiting team can make.

Also, people who read resumes at MBB know about finance positions, and AM doesn't have the best reputation in terms of the competitiveness or analytical rigor. That's why there aren't that many people in my class who did AM before joining MBB full time. Now, if it's IB, it'd be a completely different story.

 
pnb2002:
0123456789r:

Don't worry, it's better to have a brand-name internship (finance, engineering, whatever) than a 'second-tier' consulting internship (think L.E.K, Capgemini etc). MBB like BBs are turned on by brand names because it sends a strong signal to the potential employer that you have overcome the scrutiny of the stringent recruiting process at top firms, hence giving you a veneer of 'this kid seems to be a relatively risk-free choice if we give him an interview and he/she will not screw it up and waste that slot'.

Nope. I'm sorry, the fact that you're comparing LEK to Capgemini tells me that you don't know anything about consulting recruiting.

A few things:

1) 2nd tier consulting internships (LEK, OW, Booz, ATK, Deloitte S&O, Parthenon) are top brand name internships. They're more competitive to get than IB or Asset Management internships because they simply pick so few. The situation is exacerbated for 2nd tier consulting ships because they're smaller to begin with and recruit at fewer firms.

2) 2nd tier consulting internship is the best signal you can give if you know fore sure you want to go into consulting FT. It's an incredibly easy sell for FT MBB recruiting, because it tells me that you know how to do well on case interview (a HUGE plus) and that you know what consultants do. It's the most risk averse choice a recruiting team can make.

Also, people who read resumes at MBB know about finance positions, and AM doesn't have the best reputation in terms of the competitiveness or analytical rigor. That's why there aren't that many people in my class who did AM before joining MBB full time. Now, if it's IB, it'd be a completely different story.

How would one use an internship experience in Big 4 advisory(management consulting) to spin into MBB or tier 2 internship? I understand the obvious sign of interest by taking an internship in consulting, but is that good enough of a story?

 

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