LMM Investment Banking vs non-MBB Strategy Consulting
I recently got an offer to move to NYC and start working in Strategy Consulting at a non-MBB company. Currently, work at a LMM regional IB boutique in the Southwest. I have enjoyed learning the investment banking process and have been getting some pretty good deal exposure in the LMM. With that said, the regional shop I am currently at has a very low headcount (I am the only Analyst), and we pretty much do no valuation modeling. Also, for where I want to take my career, I have always wanted to work in NYC. The only problem is, as of right now, I think I want to do banking longer term. Is the tradeoff of working on a very large strategy team vs. staying at a tiny non-NYC IB shop worth it if I prefer to work in banking? Would it be possible to work at the consulting shop for a year and then lateral back into banking? Any insight other insights into how to approach this decision would be greatly appreciated.
If your end goal is IB, I would not move to strategy consulting just to go back to banking in a year. The job market is hot and there’s never been a better time to move up market.
OP here. Even if I will still be working on M&A transactions at the consulting shop? Only thought is being in NYC to network and getting a brand name on my resume would help longer term than trying to escape the Southwest for the next 6 months.
Pros and cons of each would be helpful.
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