Hi, MBB / T2 folks, how are the banking / Fintech sectors at your firm ? I read on Reddit that FIG is the least desirable sector in MBBs , is this true ?
For context, I am starting in 1 month and I was thinking to express my interest in banking, wealth & asset management, and fintech’s strategy / M&A and organisation built right from the start. But after what I read in Reddit, I am having a second thought.

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Look fundamentally the vast majority of FIG strategy exits are to overwhelmingly large, technology compromised, culturally toxic institutions that get heavy fines every year due to toxic practices from a decade ago (that possibly continue on a daily basis).

Unsurprisingly, this shapes who works in those areas; you either have the odd functional specialist who can find their little niche of regulatory or modelling work satisfying, or climbers who want to be the next CEO.

As a consultant, you are often able to rebrand and go pivot to a sector that has higher growth or more social capital. Why not join the pharma practice and go help develop the next wegovy, or the public sector and try to fix the NHS etc. also, fundamentally finance is a derivative of the UK economy, so unless you think the economy is about to sprint away it's not really an attractive sector with so many headwinds.

Or contribute to the future of FS and join a fintech

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