Career change to MBB after 8 years of Corporate Finance in F200, is it feasible and is it a good move?
Some info about myself - I am working as a Finance Director in F200 MNC. I am 30 and have been working in the same company for 8years after graduation, working mostly in Corporate Dev (M&A) and fp&a.
I am brainstorming on what can be the potential 'next' in my career. Other than moving to another MNC Finance (which has limited pay uplift and experiences to provide), I am trying to understand if there are other options such as in consulting or PE.
- Consulting: The reason for considering consulting is it really elevates skillsets and expands the career optionality.
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Is it too late to try consulting? Do they hire any case like me?
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Is it worth it to move to consulting and start it fresh as an associate and work the ladder up again?
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In a long run, I am thinking rejoin the MNC at a more senior position. When could be the right exit timing in the consulting (if I am able to get in)?
- What can be the other industry options for people like me? Do you see any case of working in VC or PE after 8 years of corporate experience? Love to hear your thoughts.
Based on the most helpful WSO content, let's tackle your questions one by one:
Consulting:
Other Industry Options:
Remember, these are just general insights. Your individual circumstances may vary, and it's always a good idea to seek advice from mentors or professionals in your desired field. Good luck!
Sources: Corporate Finance Q&A with accountingbyday, BJM85, STorIB, and djfiii, Q&A: Former MBB Consultant, Checking in 6 years later [IB to MBB transition]
The most important question is probably what your comp is / what you're willing to go for.
There may be some specific practices within consulting focused on like finance transformation/OCFO type work that you'd be a fit for. But hard to see how you'd fit into the general MC/strategy type of role - maybe via MBA recruitment, but otherwise ship has sailed.
PE/VC I'd say is unlikely. Unless you're in an industry that is really hot in term of investment activity or if you have hardcore M&A reps from the CorpDev part of your job you're unlikely to have an angle that helps with recruitment when compared to the more traditional IB/PE background.
My suggestion would be to explore looking at similar FP&A, CorpDev, StratFin type roles at smaller and/or faster growing businesses where you can get more visibility with the CFO/C-suite as well as more overall organizational responsibility.
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