IB to consulting

Based on the most helpful WSO content, transitioning from Investment Banking (IB) to consulting is indeed possible. Here are some key points and advice:

1. Transition Feasibility:

   • Many individuals have successfully moved from IB to consulting. Your background in IB and PE can be valuable in consulting, especially if you target firms that appreciate financial expertise.

2. Experience and Extracurriculars:

   • While consulting firms like Deloitte may value consulting-specific experience and extracurriculars, your IB and PE internships at a top middle market (MM) firm are strong credentials. Highlight the transferable skills such as analytical thinking, problem-solving, and client management.

3. Case Interview Preparation:

   • Since you haven't done a case before, it's crucial to start preparing for case interviews. Here are some steps to get started:
     • Study Case Interview Frameworks: Familiarize yourself with common frameworks used in case interviews, such as profitability, market entry, and mergers & acquisitions.
     • Practice with Case Books: Use resources like "Case in Point" by Marc Cosentino or other case interview preparation books.
     • Join Case Practice Groups: Participate in case practice groups or find a case partner to practice with regularly.
     • Online Resources: Utilize online platforms that offer case interview practice, such as PrepLounge or CaseCoach.

4. Networking and Referrals:

   • Networking can significantly enhance your chances. Seek referrals from current consultants or alumni from your school who are working in consulting firms.

5. Application Strategy:

   • Tailor your resume and cover letter to highlight your relevant skills and experiences. Emphasize your analytical abilities, project management skills, and any leadership roles you have undertaken.

By following these steps, you can effectively position yourself for a successful transition from IB to consulting.

Sources: Q&A: Former MBB Consultant, IB to Consulting?, Q&A - Public Accounting to Top MBA, Q&A: I grew up in Consulting and reinvented my brand 3 times, A Guide for Switching From Commercial Banking to Investment Banking