I see job posts from consulting firms looking for senior analysts/associates and the requirements are calling for 1-3 years of investment banking experience.

Specific example: guidehouse has a “financial analyst - senior consultant” position available on LinkedIn calling for 1-3 years IB. This has got to be a dream requirement right? Do IB analysts making $150k+ really leave to make half? Just seems like these positions would never get filled to me

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It is mostly a dream requirement.

Also, there are tiers within banking too. Nobody who is killing it at Goldman Sachs is applying to that Guidehouse post, but someone laid off from BMO might.

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Risks of layoff in IB can be up to 50% depending on your cohort and experience and deal flow, so on an expected value basis it works out. Consulting also opens up more career opportunities.

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