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Based on the most helpful WSO content, here are some insights and tips for lateraling from Investment Banking (IB) to Media & Entertainment consulting, particularly at MBB (McKinsey, BCG, Bain):

Translation of Banking Experience:

1. Relevant Skills: Your experience in tech M&A and capital raising will be valuable. Skills such as financial modeling, deal execution, and client management are highly transferable.
2. Level of Entry: Typically, with two years of IB experience, you might be considered for a role equivalent to a post-MBA consultant or an experienced hire. However, this can vary based on the firm and your specific experience.

Tips for Recruiting:

1. Networking: Leverage your existing network and build new connections within the consulting firms. Attend industry events, reach out to alumni, and use LinkedIn to connect with current consultants.
2. Tailor Your Resume: Highlight your analytical skills, project management experience, and any relevant industry knowledge in media and entertainment. Emphasize your passion for the sector.
3. Case Preparation: Familiarize yourself with the case interview process, which is a critical part of consulting recruitment. Practice with case books and consider joining a case study group.
4. Storytelling: Be prepared to articulate why you want to transition from IB to consulting, specifically in media and entertainment. Highlight how your background and skills align with the consulting role.
5. Consulting-Specific Skills: While your IB skills are valuable, also focus on developing consulting-specific skills such as strategic thinking, problem-solving, and operational insights.

Additional Advice:

• Flexibility: Be open to different entry points and roles within the consulting firms. Some groups may recommend starting at a slightly lower level with the potential for quick promotion based on performance.
• Geographic Preferences: If you have a preferred location, communicate this clearly during your recruitment process. Some firms may have specific needs in certain regions.

By following these tips and leveraging your IB experience, you can position yourself effectively for a successful transition into media and entertainment consulting at MBB.

Sources: Brief Introduction to Banking Recruiting at the MBA Level, Q&A: Consulting v. Banking, the age old question. By Former MBB and Bulge Bracket Banker., Ask Me: Former Strategy Consulting Recruiter, PE Lateral Recruiting Advice/Stories/Help?, Lateraling Guide for Investment Banking