Switch to IB

To make the most of your transition from consulting to investment banking (IB) and prepare effectively for recruiting at LBS, here’s a breakdown of actionable advice based on the most helpful WSO content:

1. Courses to Strengthen Fundamentals

• Investment Banking Interview Bootcamp (4 Hours): This course focuses on both technical and behavioral questions, which are critical for IB recruiting. It’s concise and highly targeted for interview prep.
• Modeling & Valuation Bootcamp (2 Days): Covers Excel, M&A, 3-statement modeling, DCF, Comps, and LBOs. This will help you build the technical skills IB recruiters expect.
• Private Equity Master Package: While PE-focused, it includes LBO modeling and deal processes, which overlap with IB technicals.

• Venture Capital Bootcamp: If you’re interested in advisory roles, this course covers cap table modeling and term sheets, which can be useful.

  Aim to complete at least one technical course (like the Modeling & Valuation Bootcamp) before August to build confidence in your financial modeling skills.

2. Short-Term Boutique IB/Advisory Internship

• Highly Recommended: A short-term internship at a boutique IB or advisory firm will give you hands-on experience and make your resume more relevant for IB recruiting. Even a 2–3 month stint can demonstrate your commitment to the transition and provide talking points during interviews.
• How to Secure It: Leverage your consulting and MBB internship experience to pitch yourself as someone with transferable skills (e.g., strategic thinking, client management). Use your network and platforms like LinkedIn to reach out to boutique firms.

3. CFA Level 2 in August 2026

• Not Necessary for Immediate IB Recruiting: While the CFA is respected, it’s not a requirement for IB roles, especially since you’ll already be pursuing the LBS MFA. Your time would be better spent on networking, technical prep, and securing an internship.
• Consider Later: If you’re interested in roles that value the CFA (e.g., equity research or asset management), you can revisit this after securing your IB role.

4. Additional Tips for Positioning

• Networking: Start reaching out to LBS alumni and professionals in London-based IB roles now. Building relationships early can give you a head start when recruiting begins.
• Behavioral Prep: Consulting experience is highly valued in IB, but you’ll need to craft your story to highlight why you’re pivoting and how your skills align with IB demands.
• Recruiting Timeline: IB recruiting often starts early in programs like the LBS MFA. Be ready to hit the ground running in August with a polished resume, strong technical skills, and a clear narrative.

By focusing on technical courses, securing a boutique internship, and networking strategically, you’ll position yourself strongly for IB recruiting. Good luck with your transition!

Sources: The Case for Taking a Banking Attitude to Other Industries, Checking in 6 years later [IB to MBB transition], A Guide for Switching From Commercial Banking to Investment Banking, Q&A: 1st year VC analyst (~750M AUM), Financial Adviser to Boutique IB