Which full time offer: JPM Corporate Client Banking or Oliver Wyman Consulting?
Hey all,
I am looking for some advice here. I received a fulltime offer from JPM's Corporate Client Banking team. This team works a lot with the lev fin team in the IB, therefore the majority of the work is IB rather than commercial banking. CCBSI is a front office role, but technically it isn't housed in the corporate and investment bank.
I also received an offer from Oliver Wyman in their NYC office.
These offers are for next year.
Which offer would you take and why?
What is your interest career wise - i.e., what you want to do, what you want to get out of a role skills wise, and what you want to do long-term (re: exit opps)? Choose based on that.
If you’re indifferent between the two and you don’t really know what you want to do long term but just want optionality, I’d go with OW. OW is a strong name (just a step behind MBB if you care about “prestige”), and consulting offers people opportunities to build skill sets that are broadly applicable - strategy or ops in industry, some VCs and PE, have seen some people move to banking, good for business school, etc. OW while being strong in financial services, also covers other industry sectors, so consulting is a good way for someone to get exposure to different industries and potentially discover what interests or excites them. And you’d have the opportunity to see how executives or fairly senior business unit leaders/professionals think.
If you just care about prestige, the OW role > the JPM corporate client one.
And if you want to be in say IB down the line, I’d still take the consulting gig - (1) because qualitative soft skills and presentation skills are useful for IB, (2) exposure to execs through consulting can provide you with some clarity, context and maturity, (3) the role in the corporate client one, even if it’s more IB than commercial banking, will still be lumped in with the latter at first glance. While someone who landed OW NYC will be seen in a more favorable light.
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