A middle-office job at a Tier1 firm or strategy consulting at a Tier2 firm?

Hi people!

I'd like to receive some suggestions from you because I really can't decide.

I have an offer from a Tier1 IB for middle office (risk management) but the office is in Budapest. Then I have another offer for strategy consulting (M&A) in a Tier 3 firm in Milan.

I like both jobs and I'd like to work in hedge funds/trading (if choice 1) but also in PE/VC (if choice 2). I know salaries differ a lot, but that's not a problem to me. What's important to me is which one will more likely (and faster) allow me to get into hf/trading/PE/VC. What do you think would be a better choice? What's better in terms of exit-opportunities?

Thank you!

3 Comments
 
 
Most Helpful

I would say that the M&A consulting role at the "Tier 3" firm would position you better for an investing role within PE/VC. At least in the US, it's not uncommon to see candidates break in to private equity/other investing roles from consulting firms like Oliver Wyman or EY-Parthenon where they were able to get a lot of experience working on PE DDs.

So if you're able to get some experience working with sponsors or investors doing due diligence work, it would better lend itself to making that transition than working in a non-client facing role at a slightly more prestigious consulting firm.

 

Iusto ipsa numquam ut cumque reprehenderit. Sed quod voluptatem maiores repellendus modi aut quis.

Eveniet unde pariatur qui enim expedita laborum beatae. Est numquam veritatis doloremque officia. Id est possimus laudantium voluptas ad.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”