If I spent 2 years in consulting and lateraled into IB, how many years minimum should I be staying in my current role before looking to exit to maximize the quality of exit opps I can get?

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Actually just made this exact transition (albeit with a little less time spent in consulting) and curious to see what people say.

In my head, it really depends on the exit opp you’re looking for. In general, I would say finish your analyst stint and maybe even stay on for the associate promotion if possible (especially in my case where I didn’t stay long enough to get promoted at my consulting firm).

For PE, I don’t think there’s anything stopping you from participating in on-cycle recruitment and leaving after a couple years. I don’t think staying to associate would enhance the quality of your PE exit opps. Would imagine VC / GE to be similar, except obviously the recruiting may be more in the moment.

For industry, it just depends on what level you want to come in at. If you’re looking to be a Corp strategy associate (entry level) then probably 1-2 years is fine. Director? Maybe a late IB Associate or VP.

Sorry for the wishy washy answer but I feel it honestly just depends.

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That sounds rough, I’m sorry to hear that this has been your experience. I feel like you have a couple options as you’ve probably already thought of. Obviously the equity positions become more tricky since it seems you work primarily on the credit side.

If set on leaving before 2 years:
- off-cycle PE, VC/GE/PC, or industry recruiting would probably be your best bet. It’s unlikely you’ll find a traditional PE associate position to transition to on a tight timeline. I’m not as familiar with the PC recruiting timeline but I’d imagine it’s as needed so you may have a chance to land before your 2 years is up there

If willing to stay and hit the 2 year mark:
- you could honestly try to leverage that into an Associate offer at a smaller bank / a bank that has a 2 year analyst program. A tiny bit of a stretch but at least you’re (possibly) not still pulling 100 hr weeks as an associate (obviously depends on the shop).
- Obviously you still have the same prospects as above.

Definitely hope you’re able to figure it out soon; these hours seem like days without the camaraderie.

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Interested to know how you can lateral into IBD from consulting. Via an MBA?

Elsewhere

What was your consulting resume like and did you have a finance background?

Standard exit from IB is 2 years, so go with that

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