IB versus MBB
Hey Guys,
I’m currently working in Credit Risk in an international bank (JPM) and Im considering moving to MBB or IB. I’m quite bored and I am looking for a more interesting, challenging and sophisticated task.
Which do you think are the pros and cons of IB vs MBB? Regarding experience, salary, work life balance and exit opps.
I want exposure, client facing tasks, dynamism, good salary and for my future I find interesting working as a CFO/CEO, entrepreneur or hedge fund.
Thanks’
IB PROS:
Technical skills (modeling,valuation)
Better exit ops to hedge fund and PE
Exit ops to corporate development
Better salary
Experience in big deals
Exposure to management
MBB PROS:
Learn how to deeply understand a business/industry
More broad experience than IB
More client facing and exposure to management
Better exit ops to top management roles
Decent exit op to PE
MBA sponsor
Better WLB (although with travelling)
I noticed you’ve mentioned experience in big deals in IB, don’t you think the deals in MBB are big as well? Or maybe they are more local? Thanks for your help!
IB is a deal based business. You only work on deals + mundane tasks.
On MBB you dont necessarily work on deals. You could work on some deals, like advising on a divestidure, M&A. But you will also work on advising clients on other topics like: How do we increase revenue, how to reduce costs, enter a new market, etc
Also, what do you like and what you hate about credit risk?
I like presenting to the senior manager, going to earnings calls, being involved in team meetings and discussing which grades we need to consider for the clients .
What I don’t like is like the routine tasks, portfolio revision , ppts , research, etc
Sounds like you'd enjoy consulting more
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