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I've never seen anyone make this switch before. I'd have to say it'd be rather unusual and yes, you'd be starting at the bottom.
It’s not a skill issue. More like IB recruiting is very structured at big banks and they hire out of undergrad. Your friend can still try smaller shops or boutiques.
Generally, no. Have not seen anybody come from FP&A. It is considered unrelated experience
I have a friend who went from FP&A to Valuation to MBA to boutique IB. Not direct but it can be done.