Better internship to move to MBB - Finance Analysis at FAANG or Strategy at Fintech?
As the title says, I'm trying to decide between two internships with the end goal of joining MBB in London as a graduate once the consulting market improves. My CV is currently lacking a brand name experience and was just wondering which internship would look better for MBB recruiting:
- Finance Analyst at FAANG
- Strategy at a leading UK FinTech
FAANG is ofc a much bigger company but feel like the strategy role is far more relevant for strategy consulting. I'd be working on higher level business problems at the FinTech. But I feel like I can spin the finance analyst experience a bit to make it more relevant for consulting especially since it is still analysing business related problems. Thanks in advance!
I'd go for FAANG. These days it seems like brand name internships are one of the differentiating factors between those who get MBB interviews and those who don't and FP&A/Finance at one of the biggest companies in the world is a very solid gig
Yeah that's what I was thinking, thanks for the reply!
I would agree with the above. I'd probably pick FAANG as well for the same reason
Yeah I'll probably go for FAANG, thanks for the reply!
I respectfully disagree. Finance at FAANG is a total backwater.
for MBB you want to be super interesting. So take whichever will make you more interesting
Hmm thats interesting. I think the FinTech role is a lot more relevant for strategy consulting. It's more pure strategy work in a fast growing firm working alongside the C-suite. But FAANG is a much bigger company (~$400bn vs $1bn annual revenue) and of my friends who got MBB interviews a lot of them didn't have particularly interesting internships, a lot were IB at a BB or consulting at firms like Accenture
I disagree. For MBB the only part where your prior experience matters is the resume screen, and for the resume screen they're looking for brand names and not relevance of work. If you get past the resume screening, the interviews do not go over your work history - they may skim your CV when you start the interview (though my final rounds at Bain weren't allowed to) but you're being assessed on behavioral and case performance only.
Agree with above. Get through screen and then it’s essentially just interview well
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