Strategy consulting to investment banking operations
I have recently started working in strategy consulting for a boutique consulting firm.
In my day to day activities currently I am working on an ongoing project looking at things like financial statements, mergers and acquisition opportunities, market trends, corporate strategy etc. . on behalf of a large global firm.
I don't want to be in consulting anymore, I have always wanted to work in finance but being realistic I wont get into investment banking or private equity.
I am looking at back office functions.
How hard would it be for me to get into operations in a bulge bracket bank?
Why in the world would you want to work in the back office of a bank when you're currently in strategy consulting? Please do not do this, it would be a terrible mistake. Why would you want to work in the back office of a bank? Being in strategy consulting puts you in an infinitely better position to break into IB or PE than working in ops at a BB.
If I work in strategy consulting for a year, if I move into investment banking, will I have to join as a first year analyst or can I start as a second year?
I think this would vary bank to bank but I'm not sure
Yeah that's a huge step back.
Yeah but lets say ops is my endpoint, how hard would it be to get into ops?
Only thing I'd argue for BB ops is that it looks fine for B-school but he is going to have a tough time getting into ib pre-mba.
I think he should stay where he's at and try to get in a MM IB.
Thanks for the comment. What if I see ops as the end point and forget about IB.
At the moment I am figuring out and looking at different career options. I can see myself being in ops.
Would it be hard to lateral into ops from strategy consulting? What sort of things should I focus on?
Ops isn't going to help to IB most likely unless you plan on going the Post MBA IB route. Target MM banks more than BBs. The BB mystique on this forum is fucking ridiculous.
The thing is I dont like strategy consulting. And getting into IB is not realistic. So I am seriously exploring ops as an end point.
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