Bain & Company Would Investment Banks of a caliber like Goldman Sachs and JPM be interested in hiring MBB consultants with an experience of 2-3 years in consulting? What positions would be suitable and where could you have a fairly decent work-life-balance (<=12h a day and no weekend work)? (big wish list I know:-)) McKinsey & Company Boston Consulting Group Bain & Company Goldman Sachs JPMorgan Chase Morgan Stanley

funny
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Investment banking and consulting have very little in common. I would expect to come in as an analyst (entry level) but even that will be tough. 3 years at MBB means you’re probably a little above the typical analyst age. They prefer to hire directly out of target undergraduate programs.

The idea that one of these firms has <=12 hour days and no weekend work is truly laughable.

Your best, realistic bet - get an MBA and try for an associate role at a middle market IB. You may score some better (but not what you’re looking for) WLB that way.

likesmart

You’d probably want to target Strategy positions at these banks, not actual IB

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Good luck

likefunny

You’ll want to get into corporate strategy at a F500 or something non-technical at BigTech. As a previous banker, I can tell you there aren’t weekends off, nor are there “under 12 hour workdays”.

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Plenty of roles that fit your criteria within finance, operations, business or corporate strategy, corporate banking, and depending on the bank maybe S&T, ECM, DCM. Definitely no roles like that in the rest of IB, whether product or coverage.

You would most likely come in as an analyst or senior analyst (AVP level at most banks) for the back/middle office roles, or start as a first year analyst for the front office roles.

likehelpful

Sounds like you may be interested in trading based on your other reply but I’d second equity research as a solid alternative based on what you’re looking for. Trading at a bank means being a market maker and providing liquidity for the buy side so it’s not really about stock picking/risk taking like you may assume based on the name but rather more about generating trade volume for your desk. Equity research would be better if you’re ultimately trying to get to the buy side (hedge funds/asset management) and it would be easier to sell your consulting experience to land a role in ER over S&T. Hours are probably in line with what you’re looking for outside of earnings season. Just my perspective as someone who interned in S&T started in consulting and soon switching into ER

likehelpful

Definitely opportunities for this WITHIN the bank, but not as a banker. What type of roles are you interested in?

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So anything I say is with a GS lens, but I think it’s doable to make a move into the sales & trading desk with your background. With only a few years of experience they probably would want you to come in as a senior analyst (depending on the masters degree), but I would probably apply for an associate position and see what happens.

There’s specific roles within the back office/tech that you would clearly qualify for - project management, internal improvement stuff - since they hire ex-consultants there, but I don’t think many are ex-MBB. Also some more product oriented things around Marcus. Some of the roles in investment management maaaaay fit your criteria, but your experience doesn’t seem to lend itself as well to that.

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You can work in a support function within IB. E.g. there are product innovation teams within Markets. It’s a little like corporate strategy but aligned to a specific business unit.

likehelpful

Yes. Been recruited several times for equity research

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Trading / sales / capital markets are your best bet

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They will don’t worry

As someone who did it the other way around, IB needs as many bodies as consulting does

We’re both starting to scrape the bottom of the barrel

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I moved into an IB within a strategy and transformation team ☺️ (I was at a consulting firm before) - they like consultants!

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Yes, consultants are everywhere within the bank. Some teams in global tech are all ex-consultants

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Why would you want to do this? 🥹

“Learning something new” in IB is code for “you won’t sleep for weeks” — you can’t have both

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