Hi - I currently work in investment banking and will be applying to MBA programs in the US in January 2021. Through my researched I've gained a general sense for the role of a management consultant, but could really use some insider knowledge to help crystalize how I’m thinking through my next career steps. My intent is to transition from investment banking to management consulting after my two-year MBA program. Fair warning: This post is a bit lengthy, but I want to get all the information down in order to help you tailor any advice you may have to my situation. I’m seeking specificity because I need to, in thorough detail, explain to the MBA commission what type of consulting I’d like to target and likewise what type of consulting I’d be well suited for with my prior banking experience.
My motivation is that I believe management consulting can provide me with a broader range of problems to solve/experiences to learn from that will span a wider range of industries and functions than what my current role provides. I’m also interested in learning the structured approach that consultants use to break down complex problems. My hope is to “round out” my quantitative banking skillset with the skills I develop as a consultant before embarking on a more entrepreneurial journey in my mid-thirties.
My current role in banking is oriented primarily around debt capital raising for cities, states, airports, universities, and renewable energy projects. Essentially we help these clients acquire capital by facilitating the issuance of bonds on behalf of the client in the capital market. I have also worked on several corporate finance transactions during my 5 years at my bank. I have extensive modeling experience, manage a team of analysts/associate/assistants, and am a primary point person involved in managing our day-to-day client relationships.
My question is this - given my background and experiences, what type of management consulting role would I most naturally be able to recruit for post MBA? Financial services? Also, are there any specific consulting firms that come to mind? I’d like to target MBB ideally, but am primarily focused on the prospective projects/teams I’d be working with vs just targeting a name brand company. I know this is a wall of text and if you’ve made it this far, thank you! Given my profile/work history, I’d really appreciate any specific insight or guidance you can provide related to my goal of transitioning to management consulting post MBA.