Why 1-year MBAs: Ideal for Consulting, but a Challenge for Investment Banking?
Just a question out of curosity. I was reading some reviews on INSEAD on the forum and found out many of them are mentioning how 1 year MBA like Insead provide is not suitable for those who wants to switch to IB since summer internship or internship prior full time offer is essential. How true is this?
1: Is 1 year MBA that bad for those who has no background in IB but want a switch?
2: How does INSEAD students go into consulting without background in consulting then?
Based on the most helpful WSO content, the concern about 1-year MBA programs being less ideal for transitioning into Investment Banking (IB) primarily stems from the structure and recruitment cycle of the IB industry. Here's a breakdown to address your curiosity:
Is a 1-year MBA that bad for those who have no background in IB but want a switch?
How do INSEAD students go into consulting without a background in consulting then?
In summary, while 1-year MBA programs present certain challenges for breaking into Investment Banking due to the recruitment structure, they are not inherently unsuitable for career switchers. Success in transitioning to either IB or consulting from a 1-year program like INSEAD's will depend on the individual's efforts in networking, leveraging school resources, and targeting the right opportunities.
Sources: Entering from non finance background with an MBA, 34 year old day trader to investment banker, 1 year into MBA: Things I wish I knew, Novice Question: What is The Point of an MBA if You've Already Made it to a BB, MBB or MF?, Am I Thinking About an MBA Wrong?
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