IB to Consulting?
I noticed many of the 2017 IB Summer Analysts who received FT offers turned them down for roles in Consulting, specifically Oliver Wyman, BCG, and McKinsey.
Can anybody shed light on this trend? It surprises me a bit given that there are fewer exits from Consulting and it looks like everybody and their mother wants to go into PE, at least on this site.
Not sure if it’s fair to say consulting leads to fewer exits. Just not the exits (PE/HF) that are a big focus on this forum. Consulting (esp the MBBs, OW) can open up PE opps (there are some shops that are very consulting friendly), along with strategy/OP type roles at large tech or F100 firms, or notable startups. Consulting probably opens up broader array of opps given skill sets and broader understanding by mainstream / wider audience.
Have known some bankers that made the switch to consulting either directly or after MBA. Though I’ve also seen the reverse. Could be people discovering what’s a better fit for their interests, lifestyle preferences, or grass is greener...