How do you guys do this?

Consultant here. I’ve been staffed on CDD engagements and hating it for the hours. 
 

I work for a Big 4 and we our CF people do valuation and everything so basically a MM IB from what I’m aware. 
 

We usually advise buyers and the counterparts I’ve seen MM banks and some BBs

Originally I was aiming to go MBA then IB but after looking at the buy side CF people and sell side bankers exchange emails at 2AM, I genuinely think it would destroy my health. 

3 Comments
 

Based on previous WSO threads, here are some insights on handling the demanding hours in consulting and investment banking:

  1. Understanding the Workload:

    • Consulting, especially in CDD (Commercial Due Diligence) engagements, can be intense with long hours, similar to those in investment banking.
    • Big 4 firms often have their Corporate Finance (CF) teams handle valuations, making them comparable to middle-market (MM) investment banks.
  2. Health and Work-Life Balance:

    • The demanding nature of both consulting and investment banking can take a toll on your health. It's crucial to set boundaries and prioritize self-care.
    • Consider the long-term impact on your health and personal life when deciding whether to pursue an MBA and transition to investment banking.
  3. Career Path Considerations:

    • If the hours and stress of investment banking are a concern, explore other career paths within finance that might offer a better work-life balance.
    • Roles in corporate finance, financial planning and analysis (FP&A), or even transitioning to a less demanding consulting role could be viable alternatives.
  4. Networking and Mentorship:

    • Seek advice from mentors or colleagues who have made similar transitions. They can provide valuable insights and help you weigh the pros and cons.
    • Networking within your firm and industry can also open up opportunities that align better with your career goals and lifestyle preferences.
  5. Evaluating the MBA Route:

    • An MBA can be a valuable stepping stone, but it's essential to consider the return on investment, especially if you're concerned about the lifestyle in investment banking.
    • Research MBA programs that offer strong finance tracks and have a good track record of placing graduates in roles that interest you.

By considering these factors, you can make a more informed decision about your career path and find a balance that works for you.

Sources: How do you guys get called out on mistakes? Opinion needed, How do you guys organize yourselves?

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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