TL;DR - Current Consultant looking to switch into finance reaching out
Just finished my second year at a Management & Strategy Consulting shop and I am looking at making the transition. I always wanted to do IBD but was guided into the consulting world instead after hearing from mentors that were working in their respective field. I do not regret my choice after undergrad but I now am looking for a new challenge and want to get into the finance world. I wanted to lean on the community for recommendations on how to get into IBD as well as if that is the right choice.
I know there are many of these forum posts on here (which I have combed through) but I feel I have not gotten the ironed out answer I am looking for. I believe I am directionally going in the right path with regards to reaching out to my network and using all prep materials I can get my hands on (WSP, R&P, etc) but I wanted to see if anyone has specifically done this recently. From the posts I have read it seems I would have to consider getting on a TAS team first somewhere else or wait until post MBA.
I am mainly interested in IBD as most of my friends went into it post undergrad(or credit funds) and like where they are at now(PE, HF, StartUps). These are the of exit opps I would like which I believe IBD can open the door for. I also understand and am fully willing to start as an entry level as well as move cities.
- Have any of you switched from consulting into finance and what was the path?
- What specific roles would be a good stepping stone (or lasting career) between consulting and finance (or Banking specifically)?
- Will headhunters be able to open doors for these FO roles or will I have to rely on cold calling / my network for a lateral?
- What are non corp fin jobs that are becoming a top exit opps for consultants?
- What are the risks involved with switching jobs in case I end up deciding the next one is not for me therefore decide to apply for my MBA? (Inconsistency? , Prestige?,)