Hey all, been at a BB bank for the last 18 months as a post MBA associate (went to a top 10 business school). Realizing that the job isn’t for me, not that I don’t enjoy finance, just think the scope of work at consulting is more interesting. Was considering looking into different roles, preferably at a MBB. How realistic is this? Does anyone know of people that this path? What level would one go in at given this scenario? Thanks!
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We should switch jobs - I’m at an MBB now trying to move into IB!
Anyway - move is absolutely doable - I’d go so far as to say the firms would probably be quite keen to receive your profile. You’d be looking at joining as an Associate / Consultant at MBB (which tbh is the best starting place to set yourself up for success a lateral hire anyway).
Thanks for the response! Isn’t an “associate” role at banks lower than what I would have joined in as at MBB had I gone straight to consulting from MBA? Or do I have this wrong
I'm assuming you joined as a post-MBA Associate at your bank? The equivalent would be an Associate at M, and Consultant at BB. So absolutely the right level for you to lateral into.
How are your hours? How have you enjoyed the experience and how often are you traveling?
Hey man/woman, don’t hijack this just yet, we’re still trying to figure out what level seniority we would enter at relative to if one just went to MBB right out of business school. I am sure they’re traveling and that the hours are somewhat tough, but can’t be anything worse than IB
It's pretty project-dependent. But I'd say the worst hours in consulting would still be average at IB - my worst week so far was about 75 hours. On the flip side I've also had some weeks on the beach where I was doing 40.
Travel is back (e.g., spent the first half of this year basically commuting back and forth between my home office and a different city where the client was HQed).
Overall, it's been interesting and I've learned a lot but like any job, it's not perfect.
Tell me about your IB experience!
Very realistic to make this move. The trouble is that MBB across offices have generally pinched experienced hiring for the time being. Granted, you'd be near the top of the experienced hire funnel, but some offices have effectively frozen experienced hiring (large benches at the moment).
My advice would be to start chatting with folks at MBBs in offices you're interested in and get a sense for whether they're taking experienced hires or not. If they are, get a referral and nail the interviews. If not, you'll have to bide your time for a bit and hope that a strong Q1 in 2023 puts the worries for consulting firms to bed.
In terms of levelling, you will almost surely come in as a fresh post-MBA consultant (zero tenure). Even at 2.5 years of experience (if, hypothetically, you had to wait a year), I'd wager you'd come in as equivalent to fresh-off-MBA-campus hires (maximum of a year of tenure in the post-MBA role, but unlikely). That is to say, it's better to break in ASAP.
And totally agree with you - IMO, the job is more interesting and much more bearable / sane.
Have you considered joining private equity btw? Why do you want to go to consulting instead of other finance jobs/industry?
I am just a student trying to figure things out, would appreciate your thoughts.
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