Exit ops after Rx/T&R consulting(advisory) route
Hi, currently I am part of the Rx/T&R consulting company like FTI, A&M, etc.
I enjoy the work and all but also am curious what my options would be in a couple of years.
1) If you have experience or have seen other peers who were in a similar position, I would appreciate it if you could let me know what common exit options would be in 2 or 3 years.
2) If I do want to move out to the banking side, is that a transition that I should make sooner or after 2-3 years?
Thank you for your time and I greatly appreciate any kinds of advice that this great community can provide.
bump
Not an extremely defined path for exit ops. Have seen corporate development, fp&a, vp of finance type roles. Have seen some investment banking. But honestly, you see a lot of people stick with it for longer than your typical entry level finance/consulting job. I think that’s because of the variety of projects and favorable comp. Depending on how you have been staffed and your project experience, I think you can work your way into any role that you are interested in given the right networking effort. Rx consulting tends to be a niche that not everyone is familiar with or the skills that you can bring to the table.
If you do want to move to the banking side then I’d go ahead and say to just do it. No need to stick around for something you aren’t interested in. And with bonuses here or coming soon then it’s the right time of year to consider changing also.
Hi! Thank you for your response. I really appreciate it.
1) Would directly transitioning from TR Consulting to private equity (including the operational roles) be uncommon these days?
2) Also, the industry is pretty slow right now and was not able to get much experience at this point since I started working. How do you advise to make the leap
to banking if I wanted to? Should I wait until I get some experience to leverage on at least?
Thank you again!
It’s possible but I don’t think it’s as regular as a recruiting cycle as your typical IB analyst to PE so you would need to do a lot of leg work on the networking side. Also, you would need to likely get much more experience for this to be a viable option.
2021 has been an overall slow year for rx. 2022 is looking like there might be some opportunities to gain some experience. I don’t think gaining that experience needs to be a prerequisite to go to a bank as an analyst.
I see. I think moving to the banking side would be the best bet for me then.
Do you mind letting me know how people usually make these transitions? I am just out of the college recruiting cycle, and it is a little frustrating how to take the first step.
Just networking, reaching out to HR, and killing the interviews?
That would be my recommendation. There has been a lot of turnover lately at the junior levels of banks so I wouldn’t stress to much about being out of cycle.
I see. How much technical skill would be expected from the junior level like myself? I have prepared myself for consulting interviews, but have not done much for the banking side. I am currently assuming that I will be expected to perform basic modeling at the interviews?
Thank you!
Sure, I think there are a lot of guides out there on how to prep for these.
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