Based in the UK, graduated from a target this summer with a First-Class Honours and internships in financial services and FAANG, and recently started a grad scheme at a well-regarded consulting firm. It’s not MBB/T2, but it’s respected in its sector, offers strong exposure, and I genuinely enjoy the culture and work.
I decided on consulting quite late (final year), so I missed out on MBB summer internships and didn’t get interviews last cycle. Since then, I’ve joined consulting societies and worked on projects to tailor my CV. My long-term ambition is to break into MBB, and that’s what I’ve been working towards. My initial plan was to spend at least a year in my current role and then apply. But I’m wondering if I should try this application season as well, even though I’ve just started. My concerns are that it may look like I’m jumping ship too soon, that I don’t yet have enough experience, and that my current firm could somehow find out.
My key questions are:
1. Is there a cooldown period that would prevent me from applying next year if I apply now and don’t get through?
2. Is it better to wait and gain a year of experience before applying, or should I take every chance I can?
3. When is generally considered the best time to lateral into MBB?