Public Finance to Management Consulting MBB?

I’m a rising junior who just got an offer for public finance investment banking at a bb (j.p./ms/cs/gs), which I’m curious about but I don’t know if I want to do it full time.

Management consulting is something that I’m pretty sure I would find interesting, so I’ll likely recruit for it full time.

I know that it’s hard to get consulting internships though and I’m not sure that I don’t want to do pubfin ib. Would it make more sense for me to reject this offer and recruit for consulting internships or accept this and recruit for consulting full time if I decide I don’t like public finance ib?

Also, if I decide to go to consulting recruiting for full time, is it difficult to go from public finance to MBB or OW? It’s not traditional IB so I’m not sure what the view from management consultants is about the field.

 

I haven’t done a pubfin internship before, but I know that all ib in general is more numbers based while MC is more business strategy based which I’m more interested in. I don’t mind numbers though, so I’m not sure that I wouldn’t like it.

Most FT MC don’t come from the MC internships though, is there a reason that you think a pubfin internship would make it more difficult to go into consulting? I know a lot of people who transfer from corporate F500 or from traditional IB to MC, so is it something about pubfin in particular that’s bad? (Also, really appreciate your advice/thoughts, thank you!)

 

All the MBB people I know have had previous IB, T2 or MBB internships but my sample size may be small. I don't think pubfin is particularly at a disadvantage, I just think for recruitment purposes it looks less sexy than M&A or other similar areas. You're right that MC is more varied and that is a good reason to go into it. Any industries in particular or do you want generalist firms?

 

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