Thanks for taking the time.
MAIN GIST OF QUESTION:
Can I do a MiF/MiM and still apply for Associate Strat Consulting or IBD because of my 3-4 years of experience? McKinsey Recruitment FAQ seems to imply that if you have 4 or more years of experience between undergrad and non-MBA Masters you can apply to Associate? How does that make sense when that way no one would pay for the 2x more costly MBAs
Background:
- UK based, Comp Sci BSc, ~ 3 years software dev in a Sales and Trading tech team at a BB bank. Don't want to do this for 40 years.
- Got an offer for tech Product Manager at a top 3 USA BB bank, which I will accept as it is the only thing (without further education) I can change to that makes me more commercial / "businessy". I did get a McKinsey Digital Strategy interview but was first case and failed.
- I want to possibly switch to strategy consulting or a finance (IBD or some other finance advisory).
- Problem: Since I want to do real business strategy consulting (and not some trap in Accenture or tech consulting), I really cant get much outside McKinsey/BCG Digital Strategy interviews (Bain, Big 4 Strategy Houses or Tier 2 like OW, LEK etc, and IBDs) since they all recruit like this:
Grad scheme -> Too out of uni for that
Free-floating Analyst/Associate -> No relevant experience (since software dev) and people with stepping stone jobs (like Big 4 Transactional Services/ Corporate banking for IBD) are a much better fit.
And I can't recruit for all stepping stone jobs at the same time.
- Hoping to better my background with MBA or non-Business Masters but a bit confused:
MBA:
- Good for Strat Consulting and IBD on Associate recruiting (where my background before won't matter much?)
- Good for better tech PM brands (Google etc) or VC (if I do a bit of PM)
Masters in Finance / Masters in Management:
- MUCH MUCH cheaper (even when assuming top brands)
- If I throw away my 3-4 years of software dev (irrelevant) experience upon entry I can do entry level IBD/Strategy Consulting applications
- Confusion arises from wondering if I can do a MiF/MiM and still apply for Associate Strat Consulting or IBD because of my experience? McKinsey Recruitment FAQ seems to imply that if you have 4 or more years of experience between undergrad and non-MBA Masters you can apply to Associate? Then, it is easier to do MiM/MiF and pay half the cost... must be a catch.
Thanks.
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