“I found my mentoring session with André very helpful, particularly because I came into it with very little understanding of commercial banking. My background is in life sciences and healthcare, and most of my career exploration so far has focused on consulting. Although I had become interested in commercial banking, I had not previously explored the area in any depth. I therefore needed a clear starting point and an honest conversation about what I should understand before deciding whether to pursue it.
André helped me establish that starting point. The session gave me a clearer way to think about commercial banking, how it differs from consulting, and what I still need to learn. Before the conversation, I was looking at opportunities and wondering whether I should begin applying alongside consulting applications. Afterwards, I understood that I needed to take a step back and make a more informed decision about whether the work genuinely interests me.
One of the most valuable aspects of the session was how it helped me recognise the gaps in my current understanding. I knew that I was new to banking, but I did not necessarily know which questions I needed to answer for myself. André’s guidance helped me think more clearly about where I am now, what I am missing, and what I should begin doing next. Having that direction was useful because it made the process feel more manageable. Rather than treating banking as a broad and unfamiliar industry, I now have a clearer starting point for learning about it.
A particularly helpful message was that I should first develop a better understanding of commercial banking and assess whether I actually like the work. I took away a sensible sequence: understand the area, decide whether it appeals to me, and then, if it does, commit to learning and preparing for applications. If I discover that the work does not suit my interests, I should be willing to recognise that and focus my efforts elsewhere. That advice sounds straightforward, but it was an important perspective for me at this stage.
The conversation made me realise that I should not rush into applying for commercial banking roles simply because I have found programmes that look interesting. Before the session, I was at risk of moving too quickly from curiosity to applications without having a strong enough understanding of the career itself. André helped me see the value of being more deliberate. I would rather make a considered application based on a genuine interest in the work than spend time applying to positions I cannot yet explain my motivation for pursuing.
Another important takeaway was recognising how substantial the differences between banking and consulting can be. Because consulting has been my main focus, it had become my reference point when thinking about other careers. The session helped me realise that I cannot assume banking will involve similar work, suit the same preferences, or require exactly the same preparation. I need to understand banking on its own terms rather than view it mainly as another option alongside consulting.
I also appreciated that the session was useful even though I did not finish it with a final career decision. At this exploratory stage, greater clarity about what I do not yet know is meaningful progress. I now feel better equipped to evaluate my interest, identify what I need to learn, and decide whether commercial banking deserves a more focused place in my career plans.
Overall, André was very helpful, and the session met an important need for me as someone starting with limited knowledge of the field. Its greatest value was giving me direction and encouraging a more thoughtful approach to my next steps. I left with a clearer understanding of my knowledge gaps, a more realistic perspective on the difference between banking and consulting, and a better sense of how to move forward before committing to applications.”
Starting in Consulting: General and SF-Specific Advice
General Advice for Starting in Consulting:
People and Fit Matter Most: Based on the most helpful WSO content, the people you work with will significantly impact your experience. Consulting involves long hours, often in challenging environments. If you like your colleagues, even tough assignments can be manageable. If you're unsure about the firm's culture, attend sell weekends or connect with current consultants to ensure a good fit.
Be Ready for Long Hours: Consulting, especially at MBB, is known for its demanding hours. Expect late nights working on PowerPoint slides or Excel models. However, the experience is often seen as a fast track to skill-building and career growth.
Exit Opportunities: A year in consulting is often considered equivalent to two years in industry in terms of experience. The prestige and training at MBB open doors to top-tier MBA programs, corporate strategy roles, and other high-impact positions.
Project Variety: Your experience will heavily depend on the projects you’re staffed on. Some projects may feel impactful, while others might seem less meaningful. Be proactive in seeking out projects that align with your interests.
Training and Development: MBB firms are known for their excellent training programs, which make their consultants highly sought after in the industry.
Travel: Be prepared for extensive travel. While this can be exciting, it can also be exhausting. Make sure to manage your energy and prioritize self-care.
Region-Specific Advice for San Francisco:
Networking in SF: San Francisco is a hub for tech and innovation. Use your time in the city to build connections in the tech industry, as many consulting projects in SF are tech-focused.
Lifestyle and Activities: SF offers a great lifestyle outside of work. From surfing and beaches to weekend trips to Tahoe or Yosemite, there’s plenty to explore. The food scene is also excellent, so take advantage of it when you have downtime.
Cost of Living: SF is one of the most expensive cities in the U.S. While MBB salaries are competitive, be mindful of your spending and consider living in nearby suburbs if you want to save on rent.
Weather and Commute: The weather is mild, but the infamous SF fog can be a factor. If you’re commuting from the suburbs, plan for traffic or public transportation delays.
Is Consulting Work Meaningful?
Pros and Cons of Starting in Consulting:
Pros: - Exceptional training and skill development. - Strong exit opportunities. - Exposure to various industries and functions. - High earning potential and prestige.
Cons: - Long hours and demanding workload. - Extensive travel can be tiring. - Some projects may feel less meaningful. - High-pressure environment with tight deadlines.
Starting your consulting career in SF offers unique opportunities, especially if you’re interested in tech. Focus on building relationships, managing your time effectively, and exploring the city’s vibrant lifestyle when you can.
Sources: Some Thoughts on Managing Multiple Offers (Consulting / MBB), Some Thoughts on Managing Multiple Offers (Consulting / MBB), Let's Talk About the Pros and Cons of our Gigs in RE Finance
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