Below aren't the ideal options, but which one is better for long-term career progression?
MBB Research (Think Mck Research team, BCG Knowledge team) vs FS in-house strategy (Think GS, JPM, Blackrock etc.)
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Noted with thanks, I would like to ask how's the career path like for inhouse strategy at banks? Also Is jumping to big 4 consulting a good idea too?
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Hi Anonymous,
as in a case, it really depends by your goals; where do you see yourself in 10 years? If you are aiming to become a research expert, MBB research sounds more interesting. If you are interested to become an expert in the financial service industry or in general to make more money, FS in-house sounds better. The answer really depends by your long-term goal.
Best,
Francesco
Hi,
At MBB The research role is a supporting (non-consulting) role. Here are the implications:
- You are specialized in a particular industry sector
- You may or may not be assigned to a project. In most of the cases, you will have limited client-facing activities.
- Lower salary
- No international staffing, though lots of remote work with other offices
In-house strategy sounds more interesting due to faster career and more opportunities in-house (especially taking into account the digital transformation of Blackrock).
Best!
