Road to M7 MBA: top corporate finance vs. strong MM ibank

my background is: target undergrad, 3.7 gpa, 750 gmat, some prev MM ibank exp already

i'm currently weighing two options:
1) top corporate finance position at a F100 company
2) top MM ibank

considering a top/MBA business schools">M7 mba in a few years, i'm not sure which option may be better. factors i've considered:
a) generally, the view is ibanking >> corporate finance
b) more leadership role experience in corp fin post
c) i already have some ibanking experience, and feel like getting some industry-side exposure can be helpful as well
d) corpfin company is a top player in its industry, whereas the MM ibank is top 10 league tables within its sector. one rationale that i've considered is being top fish in a different/lower pond vs. upper middle fish in the most competitive pond (so to speak...)
e) post mba aspirations prospectively more ibanking, pe, or continuing my corporate job (if the koolaid is simply just too sweet)

not sure which option is better to achieve such an interim goal - wanted to get forum perspective, esp those who may be applying / are currently in / have finished their mba

 
Best Response

The way MBA recruiting is you're placed in "buckets." IB and Corporate work are in separate buckets. Your best bet is to be at the top of whatever bucket you're coming from. In that sense being at an elite corporate leadership development role (GE, J&J) is more competitive than MM IB most of the time. If you are only interested in maximizing your MBA chances therefore I would go with your corporate role assuming it is a top one. Also as a side benefit corporate roles are much more likely to let you go get your MBA with a guaranteed offer once you graduate and possibly pay for some or all of it.

 
Raptor.45:

The way MBA recruiting is you're placed in "buckets." IB and Corporate work are in separate buckets. Your best bet is to be at the top of whatever bucket you're coming from. In that sense being at an elite corporate leadership development role (GE, J&J) is more competitive than MM IB most of the time. If you are only interested in maximizing your MBA chances therefore I would go with your corporate role assuming it is a top one. Also as a side benefit corporate roles are much more likely to let you go get your MBA with a guaranteed offer once you graduate and possibly pay for some or all of it.

But aren't there more 'spots allotted' to people from IB background? I might be wrong though.

 
DoctorAndre:
Raptor.45:

The way MBA recruiting is you're placed in "buckets." IB and Corporate work are in separate buckets. Your best bet is to be at the top of whatever bucket you're coming from. In that sense being at an elite corporate leadership development role (GE, J&J) is more competitive than MM IB most of the time. If you are only interested in maximizing your MBA chances therefore I would go with your corporate role assuming it is a top one. Also as a side benefit corporate roles are much more likely to let you go get your MBA with a guaranteed offer once you graduate and possibly pay for some or all of it.

But aren't there more 'spots allotted' to people from IB background? I might be wrong though.

I have no idea for sure but I've always heard the opposite. I've heard that lately bankers/other finance guys are a dime a dozen and that MBA adcoms prefer LDP people because they're more well-rounded and are more likely to become corporate leaders.

 

my ultimate dream goal is probably to get to c-level of a top company or director within a top pe shop (aka, still shooting for the stars, tho believe i still have a decent shot). i see pe as a shorter path tho than trying to go through the entire corporate ladder (correct me if i'm not mistaken) in order to get to the top rung

from my prev experience, i do see the high value of having a good couple years (say, 3-5) of ibanking exp under your belt, in terms of technicals as well as experience in negotiations / deal management

any1 out there can spare 2 cents to contrast raptor's view? points are solid and concrete, though still feel like at the end of the day, most ppl would say going banking to corporate is taking a step down, whereas going corporate to banking is seen as a step up. i do partly buy into this view, since generally, you see more corpfin people pushing to try to break into wall street, while bankers generally get welcomed in by corporates. devil's advocates, i know ur out there... (my hunch would be that 90% of members of this forum would have a view directly opposite of raptor's)

 
Raptor.45:

The way MBA recruiting is you're placed in "buckets." IB and Corporate work are in separate buckets. Your best bet is to be at the top of whatever bucket you're coming from. In that sense being at an elite corporate leadership development role (GE, J&J) is more competitive than MM IB most of the time. If you are only interested in maximizing your MBA chances therefore I would go with your corporate role assuming it is a top one. Also as a side benefit corporate roles are much more likely to let you go get your MBA with a guaranteed offer once you graduate and possibly pay for some or all of it.

raptor, thanks for the insights - i would appreciate though if you could speak broadly on your source, such as mainly via internet browsing, friends applying/in/finished bschool, advice from counselor/adcom, etc.

 

Aliquid sequi ullam aut. Minus sint et ipsa. Architecto aliquam dolor nihil id iure sed rerum cumque. Aut ut culpa consectetur aut animi nisi iste quia.

Qui voluptas similique in. Sequi quia facere in ab sequi quod explicabo. Voluptatem molestiae unde qui voluptas. Vel soluta consequatur sint molestiae odit illum neque.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
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
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
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...”