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Best way into MBB

Anonymous A asked on May 02, 2018 - 3 answers

Hi everyone, I've worked in investment banking for 4 years now and decided to move into consulting. Interviewed with 2 MBBs and a number of Tier 2 firms and only have 2 Tier 2 firm offers in hand. For both MBBs I made it to finals and based on feedback it was close, but I would need to wait for 1 - 1.5 years to re-apply. Given my end goal is to join one of the MBB firms, would it make sense for me to move into a Tier 2 firm and re-apply, or would it be better if I remained in investment banking and just re-applied? Given I have not worked in the industry, I am unable to tell how closely work at a Tier 2 firm would mirror that of the MBBs, which is a key decision factor. For more context I'm in a top Tier 2 IB at the moment. Would be keen to hear your thoughts!

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Sidi
Expert
replied on May 02, 2018
McKinsey Engagement Manager & BCG Consultant | Interviewer at McK & BCG for 7 years | Coached 100+ candidates secure MBB offers
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To be honest, I don't believe it matters regarding your objective to join MBB. You have been invited by them and you know that you have to wait about 18 months to re-apply. I don't believe either option will swing your probability of success - the critical lever will be your preparation for the interviews, so that next time around you can kill the beast! ;)

PErsonally, I would probably stay in IB to reduce the number of variables in my life in order to concentrate on my end goal.

Cheers, Sidi

Andrea
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replied on May 02, 2018
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Unless next year has a promotion in store for you, with 4 years under your belt in IB I would move to the tier 2 consulting and then re-apply from there. Reason why is that one or more years in IB won't diversify your experience enough to become a more attractive candidate for the consulting firms.

Hope ti helps,

Andrea

Vlad
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replied on May 02, 2018
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Hi,

First of all, I would keep it in the Top IB since you will have a better brand and some career progress on your resume

Secondly, need to show some changes / achievements in your profile in order to reapply successfully:

  • Career progression
  • Remarkable projects
  • Extracurricular activities
  • New skills obtained
  • etc

The couple reasons why Tier 2 may be better

  • You'll have more time to prepare for case interviews
  • You may get some industry expertise relevant to your country

Best