Corp Strat: LT Trajectory / External Mobility without MBA?

I currently am deciding between two paths:

1. BB Non-IB (e.g., S&T, etc.) > Corp Strat at @ BB > (?)

2. BB Non-IB > Corp Strat > M7 (non-HSW) > MBB > (?)

I still don't know what type of company I want to work at longer term (F100 vs. F1000 vs. large tech company vs. startup), though I will probably stay within broader fin services world (banking, payments, fintech, etc.). A lot of people in corp strat at my bank join at manager level with MBA + consulting experience. At startups, the majority of mid-level openings for bizops, strategy & operations, and strategic finance roles ask for either IB, consulting, or startup / tech experience. The corp strat role is more generalist than product-specific, though most people tend to lateral over into one of the business units. 

It seems like choosing path #1 would offer a slightly accelerated path to manager at the bank (1-3 more years). Manager is what EMs from Mck come in at, and TC is probably ~$175-200k. However, there is limited visibility on promotions beyond that level, as it depends on timing, your role / team, and luck. Obviously, if things don't play out as I like, external mobility is an option. Two questions:

 - Would staying the course on path #1 limit my opportunity set to mostly comparable companies (large banks)?

 - Does it make sense to get the consulting credentials, expand professional network, and gain perspective on the type of role I want with path #2? Or is the opportunity cost of leaving the trajectory in my current role too high? (excluding the near term $$ cost)

Would appreciate any thoughts - thanks!

1 Comments
 

Aut blanditiis et quis ipsa. Et id minus dolorem. Ut voluptatem aperiam autem voluptatem. Consequatur rerum quis minima repudiandae. Quae ducimus occaecati unde magni sit dolores repudiandae.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

July 2026 Consulting

  • Boston Consulting Group 99.5%
  • Bain & Company 99.0%
  • McKinsey and Co 98.4%
  • Oliver Wyman 97.9%
  • LEK Consulting 97.4%

Overall Employee Satisfaction

July 2026 Consulting

  • Cornerstone Research 99.5%
  • Bain & Company 99.0%
  • Boston Consulting Group 98.4%
  • McKinsey and Co 97.9%
  • Oliver Wyman 97.4%

Professional Growth Opportunities

July 2026 Consulting

  • Bain & Company 99.5%
  • Boston Consulting Group 99.0%
  • McKinsey and Co 98.4%
  • Oliver Wyman 97.9%
  • LEK Consulting 97.4%

Total Avg Compensation

July 2026 Consulting

  • Partner (4) $361
  • Principal (30) $294
  • Director/MD (58) $274
  • Vice President (53) $247
  • Engagement Manager (113) $232
  • Manager (171) $173
  • 2nd Year Associate (185) $142
  • 3rd+ Year Associate (116) $135
  • Senior Consultant (354) $132
  • Consultant (642) $122
  • 1st Year Associate (577) $121
  • 3rd+ Year Analyst (165) $121
  • NA (16) $114
  • Engineer (6) $114
  • 2nd Year Analyst (391) $104
  • Associate Consultant (176) $101
  • 1st Year Analyst (1163) $90
  • Intern/Summer Associate (208) $83
  • Intern/Summer Analyst (634) $68
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
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
DrApeman's picture
DrApeman
98.9
7
GameTheory's picture
GameTheory
98.9
8
dosk17's picture
dosk17
98.9
9
CompBanker's picture
CompBanker
98.9
10
Mimbs's picture
Mimbs
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...”