| Topic Name: |
I-Banking AND Consulting before MBA? |
| Message Name: |
hmm |
| Date Posted: |
02/15/2006 |
| In Reply To: |
Thanks for the words of encouragement for finishing the 2-year analyst stint. I do feel a slight personal tug to just finish the 2nd year. I mean what's one year in a 20+ year business career? Plus I do like the group of bankers I'm working with, so it's not like it's hell and I'm desperate to get out.
It's just that if I don't lateral to consulting after my 1st year, I'm not sure it'll make much sense to do so after my 2nd year (as outlined in my previous post - no career progression, time to get DTA, etc). So it'll be a question of whether I can personally delay the gratification of working at a consulting firm for five years, when I graduate from b-school.
What do you guys think? Given that I plan on being an Associate after b-school, would you recommend that I get a different experience (PE / Corp Dev) after banking instead of consulting? Do you really think there are decreasing marginal returns as an Associate at McKinsey if you've already been a BA?
Question about offer: I did have a McKinsey (Generalist BA), but I obviously had to turn it down. I'm not sure what McKinsey's policy/process is regarding hiring laterals from banking as BAs, and particularly those who've previously received offers. Does any McKinsey insider have any insight regarding this situation? |
| Message: |
why would you want to do consulting over PE? would you rather be a cheerleader or get out on the field? beg and whine for work or be actually the one holding the purse strings? be with just very smart people who you can potentially outclass, or even smarter guys from whom you can learn more? work 9-9 or 9-11?
obviously above points are generalizations and don't always hold, but still directionally correct.
Your fascination with consulting worries me. It's a great gig, particularly for young guys, but don't fixate on it too much or risk being badly disappointed.
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