I am currently in BB (think GS, MS, JPM) with 3 years experience. I recently received an offer to join an MBB.
Is there anyone who has made a similar move? What was the experience like? Any regrets doing so?
I don't particularly dislike banking, but I am just find I am no longer learning much. Would love to hear from people who have made a similar move
How hard is it to return to IB if I decide that Consulting isn't for me?
| +206 | Just One More Year | 17 | 2h |
| +172 | Piper Sandler in talks to acquire PWP | 74 | 5d |
| +124 | UBS Appears to be Exploring Sale | 19 | 2d |
| +87 | Paradise Is Paradise | 8 | 7h |
| +77 | Drunk VP. How to manage? | 27 | 1d |
| +38 | How do I take my foot off the gas? (AN1) | 4 | 1d |
| +38 | Lazard US Views 2026/2027 | 13 | 1d |
| +32 | M&A is Paradise | 1 | 6d |
| +25 | Why did EVR succeed vs GHL or PWP that ended up getting acquired? | 7 | 3d |
| +24 | HR is starting to worry me, do I throw a hail mary during an upcoming chat with an MD? | 3 | 7h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
At least they give 6 months of time to find job when they layoff, fk ib
Not quite six months. It ranges from 2-4 months full-time salary depending on your level
Do you have to start at the bottom of the consulting pile since you’re lateraling?
MBB would maybe hire them as an associate or senior analyst (or the equivalent titles at BB). While IB analyst vs MBB analyst has a decent bit of crossover on skill set, that diverges pretty quickly. Can't see any scenario where an IB As/VP would be able to come in as a EM/PL. IB VP's simply wouldn't be able to cut it from a project/team management perspective (and the same thing in reverse for IB skills, of course)
MBB Associate starts at roughly ~235k or so all-in at the moment, so not far off the lowest paying BB’s this year, and maybe 70% in a good/normal year, for about 70% of the hours
So where would an ASO1 in IB lateral to at MBB? Basically start over at the MBA assoc level at the consulting firm?
What would you say are the key skill set difference at VP in IB vs Engagement Leader in Consulting? Just trying to understand what skills you are expected to learn. For instance in IB juniors it is mostly valuation, modelling and PPT
They offered me a Consultant position (i.e. 2 years away from being EL if I perform)
I've seen IB associates on Linkedin lateral to MBB at the fresh post-undergrad level (business analyst, associate consultant, associate)
Quia earum qui molestiae doloremque velit ipsa temporibus. Et blanditiis est tempora tempore quo facilis iusto sunt. Officiis quis in in deserunt repellendus aut.
Odit consequatur iste provident aut possimus non mollitia earum. Aut enim est voluptatum voluptas maiores.
Est dicta soluta porro deleniti. Earum ut corrupti quia voluptas alias rerum atque. Voluptatem sed suscipit aliquam est officia. Iusto ut amet beatae illo qui laboriosam dolorem. Sequi aut nesciunt inventore temporibus. Aut sapiente quis et tempora error incidunt est. Aliquid qui quibusdam aspernatur earum qui tenetur iure.
Consequatur enim ut eum aperiam aut omnis porro. Atque officiis occaecati et eius nobis. Excepturi qui vero voluptatem id. Quibusdam sapiente totam qui laboriosam tenetur voluptates non.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...