Is taking T2 FT offer always the safest path to eventual MBB?
I recently received an offer to work at T2 M&A-focused firm FT, and a return offer in a Corp Dev role w/ F50. Although, the T2 consulting firm is a more prestigious name than my current company, I feel as though the responsibilities/autonomy of my current role is potentially higher than that of a Y1 Consultant.
Eventually, I want to work in VC/strat/tech, and feel like MBB opens more of those doors than my current offers. Is it best to have a "blank slate" without a "tier below MBB label" when hoping to work for MBB? Or does "I have a consulting background and therefore need less upfront training" attract them?
Are you trying to lateral into MBB after starting FT? If so, good luck, because that'll be pretty difficult the next couple of years (read: don't base your decision off of this happening). If you are trying to get an MBA and then move to MBB, it shouldn't really matter as long as you get into a good MBA program, and MBAs nowadays take candidates from a range of backgrounds.
Why would a lateral be difficult in the coming years? If anything, a slowdown in hiring now will likely have to be compensated by lateral hires when the economy picks back up in the future
This is just pure guesswork (as it always is when trying to guess what hiring patterns might look like ever), so take it with a grain of salt. Yes, FT hiring is slowing down; this is evident in the current recruiting cycle. However, even if the US economy doesn't enter a recession, it won't be roaring back in a sudden boom like it did in 2021 after Covid-19 shutdowns lifted. It's during periods of really explosive growth that MBB tends to hire laterals to keep up with demand. If growth is stable, low, and normal, they *usually* just stick to OCR. Not saying that lateral hiring won't happen at all, just that it probably won't be like 2021/2022 when it happened A LOT.
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