Why Do People Shit On MBB (Sophomore Choosing IB Offer)
I have an IB SA Offer From An EB (EVR, PJT, PWP), and very thankful.
I recruited for banking mostly because I have no life and there is nothing else to do in the fall, and my long-term goal has always been to go into management/startups, since even riskier it has more potential upside compared with IB -> PE, and I've always been more of a risk taker.
Would it make sense to recruit for consulting given my goals (as MBB has better chance of exiting to C-Suit at a hot startup?) My understanding is that people shit on it mostly because of the lower junior pay. Is there anything else I'm missing?
MBB has no better chance at exiting to anything than a good IB lmao
I feel like for GS/JPM compared with McKenzie/Bain prob the case. But I feel like EB has no recognition outside finance?
Congrats on dodge and cox
Not true, seen plenty of the more interesting corporate exits being teams fully comprised of ex-MBB with not one IB background. Yes IB better for anything finance/investing related but the breadth of MBB exits is much wider.
Congrats on PWP!
Del
"Why Do People Shit On MBB."
Because this is a finance forum and consulting is far broader than just finance work.
OP here. Who should I talk to to get most accurate info? Everyone just glazes their ow job
Non-terminally online people who do the job (ie - actually go and network with real people in these roles instead of talking to people on forums like this).
Talk to people who recently left the jobs you are looking to apply to. Once with recent experience who are no longer in the job are often the best sources of information because they tend to be much more honest about the full view of the job.
congrats on PWP!
Am I tripping or does that rly say evr/pjt/pwp
Del
“Kill yourself middle market bitch. Don’t disrespect my firm” ironic considering PWP is a lmm
IB definitely better for finance / buyside roles but you’ll see McKinsey and Bain folks exit to H&F, Bain, CD&R, TPG and the list goes on.
Yeah, certain doors won’t be open (ie Blackstone, KKR, Apollo) and HF, but from a PE perspective, they do better than the vast majority of BB classes from a per capita basis and arguably on par with the EBs.
Not to mention that only a few people there even try to make the transition to the PE. Venture and growth is more of a desirable exit there. Most end up in pretty cool corporate / start up operational or strategy roles.
Honestly, if i had to do it all again, wish I did MBB. Would’ve ended up at the PE firm I’m heading to and worked much less hours…
Imo as someone who recently was deciding which route to recruit for - IB has more narrow but better finance exits, MBB has broader exits but lack direct pipelines that you see in IB.
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