Is it natural/easy transition to pivot from Strategy Consulting to M&A at the 5 YOE mark? Or quite the opposite?

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Easy? Yes. Competition? Yes. Stay close to your SMs and Ds that make the move - they’ll open the door.

Into IB - tough without network, doable otherwise

Into B4 M&A - B4 has recycled a lot of people into their various M&A-related service lines (including some total clowns) so I'm sure it's doable, but I don't know how much actual deal execution you'll get as opposed to PMI/DDs

In-house - if you're at the right place at the right time (or wait for the right time), with strategy or finance as a starting point

A1 is correct for M&A execution roles. There aren't many.
Most of the big 4 M&A crowd are doing FDDs (which has a legit pipeline into execution), CDDs (also an ok stepping stone), or Tech DDs/PMI. Fewer prereq here

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