Lateral IB Analyst to Consulting

Hi guys,

I'm currently a first year analyst in a BB. I got funneled into IBK pretty early in college and realized senior year it's not exactly what I'm looking for. I'm looking to lateral into management  consulting either during or after my 2 year stint. How doable is this? Do consulting firms put any weight on IBK experience? Should I wait until the end of my analyst stint? I'd be open to starting as an analyst in consulting (which I most likely would right?), just think IB hasn't set me on my desired career path.  I took a look at some similar threads on WSO but was curious to learn more, any guidance would be much appreciated!

Comments (17)

  • Associate 1 in Consulting
Dec 1, 2020 - 4:01pm

In your position, there are 3 different levels at which you can enter a consulting firm, in the next 0-4 years:

• Less than 2 yrs in IB = most likely you'd restart as a a fresh graduate, as a first year BA
• 2–3 yrs (without promotion to Associate) = you should be able to aim for a Senior BA / Junior Associate role, which will take you to the Associate role in

  • Analyst 1 in IB - Gen
Dec 1, 2020 - 5:40pm

Thanks! Would you say this is a difficult transition to make? Will it be hard to get interviews given I worked in a different industry? or do you think a BB brand name and networking will get me through to interviews, at which point I need to have a good story and some case aptitude?

  • Analyst 1 in Consulting
Dec 7, 2020 - 10:59pm

fair enough, what about from T2 consulting to IB? can one lateral in without IB, or would one be better off going buyside directly ?

Jan 12, 2021 - 7:16am

You generally don't hear about MBB to IB for good reason: the work-life balance in consulting is better. The only cases I have heard about is IB -> MBB -> then back to IB. I did know someone to work for a bank, but on the strategy/HR side of things, not IB

  • Analyst 2 in IB-M&A
Jan 4, 2021 - 7:08pm

Had any luck reaching out to people who've made the transition? Reached out to a few people but it's been crickets for now. Assuming it's not a terribly common career path.


Jan 12, 2021 - 7:11am

I did IB for 2-3 years before switching over to consulting. It is very doable, and there is a percentage of IB analysts that will do this after their analyst stint. Unless you really hate IB, you should probably push through. I started at the Sr. Associate / Consultant level, which seemed to be where most other IB analysts started out. 

Start your networking now, and you should be able to have a smooth transition.

Good luck, and feel free to PM.  

  • Intern in IB-M&A
Jan 12, 2021 - 7:31pm

Oof after seeing the IB analyst threads maybe I should've taken the chance on consulting. Had a very short timeline to accept my return offer and want to look towards corporate after a few years, so I thought consulting might've provided as good of a chance with slightly(maybe more than slightly?) better work/life balance. Didn't want to turn down a return offer in this job climate though. Best of luck OP.

  • Analyst 1 in IB-M&A
Jan 12, 2021 - 8:36pm

Same boat as you. Give it a shot and see if it sticks. If not I think we're still early enough in our careers to make changes and the IB brand isn't a terrible one. 

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