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Comments (13)

Jul 16, 2020 - 7:58am

It will help your decision making process. However, being an entrepreneur isn't about passing a test or getting trained. It's about attitude, comfort with risk, ability to create value for others, and execution mindset.

The attitude part is key. Tied to risk but major component is do you feel better about launching something on your own, building a team around you vs being plugged in to a system. Creating the system is HARD work. Blank canvas, up to you to decide what to do.

BTW - it's a very cool way to live life (even with the setbacks and failures)!

Jul 16, 2020 - 8:13am

The reason Im asking is that after working in IB, Im looking to make my next career move and Im wondering if its worth going into MBB for me if I want to start my own business down the road. Is there any skills transferrable to entrepreneurship that you can learn in consulting but not in IB?

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Jul 16, 2020 - 9:18am

Great de-risking and branding tool (Entrepreneur | Ex-McKinsey | Ex-HBS). That'd be the main attraction for someone on the fence, but I highly doubt two years at McKinsey replaces two years of what you could do right here right now... you can always hire McKinsey folks can't you. But I mean, if you don't think you're an entrepreneur "yet" anyway, what are your other options outside of McKinsey?

Jul 16, 2020 - 1:20pm

Im currently working at a tech focused MM IB. I received an offer for a full time position but Im leaving for my 1 year masters.

After graduating, I am planning to work a couple more years before I try my luck in entrepreneurship and I was wondering what path would maximize my chance of success. Originally, I had PE in mind but I saw a couple of posts saying that you dont get any operational experience there, while MBB consultants gain skills that are very transferrable to startups. Thats why Im having this dilemma whether a couple of years in consulting would be worth it or not. What skills would I learn there that I wouldnt in IB or PE? I never worked in consulting (did fairly well on case competitions though), so this 'strategy' skill and 'structuring problems' skill I keep reading about sounds vague to me.

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Jul 16, 2020 - 9:25am

Absolutely not.

Jul 16, 2020 - 1:31pm

Could you elaborate? What career path do you think would maximize one's chances of becoming a successful entrepreneur? Lets say I want to work 4-6 more years before trying my luck in entrepreneurship

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