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Is working in commercial banking sector a good addition in resume to reapply for a consulting role?

Application Banking entry level

Most recent answer on Feb 29, 2024

Adrien

Expert

Ex-McKinsey interviewer & Senior Consultant | Harvard MBA

Adrien

Expert

gave the best answer on Feb 12, 2024

Ex-McKinsey interviewer & Senior Consultant | Harvard MBA

Hi there, Sorry you got rejected from MBB - I got rejections in the past as well so I know it can be hard, but kudos for bouncing back quickly and thinking about other potential opportunities. Yes, banking (incl. retail ... (read entire answer)

6
Answers

335
Views

72
Total Upvotes

on Feb 29, 2024 on Feb 29, 2024
Last Activity

Banking strategy case

Banking Deals Strategy growth strategy

Most recent answer on Nov 11, 2023

Cristian

Expert

#1 rated MBB & McKinsey Coach

Cristian

Expert

gave the best answer on Nov 11, 2023

#1 rated MBB & McKinsey Coach

Hi! Sharing two of my banking cases here that are more focused on digital topics (in line with what current cases are about as well). Hope you find them helpful: https://www.preplounge.com/en/management-consulting-cases ... (read entire answer)

2
Answers

356
Views

8
Total Upvotes

on Nov 11, 2023 on Nov 11, 2023
Last Activity

CV for MBB with investment banking experience (3.5 years in bulge bracket US investment bank)

Banking CV CV screening

Most recent answer on Sep 13, 2022

Sofia

Expert

Top-Ranked Coach on PrepLounge for 3 years| McKinsey San Francisco | Harvard graduate | 6+ years of coaching

Sofia

Expert

gave the best answer on Sep 13, 2022

Top-Ranked Coach on PrepLounge for 3 years| McKinsey San Francisco | Harvard graduate | 6+ years of coaching

Hello, It sounds like your profile would be great for MBB! It's important to make sure your CV is not too content heavy or visually dense. I would focus on leaving in anything that speaks to the criteria that MBB cares ... (read entire answer)

4
Answers

740
Views

21
Total Upvotes

on Sep 13, 2022 on Sep 13, 2022
Last Activity

Looking for exciting discussions from the community?

Banking - fixed and variable costs

Banking costs fixed costs variable costs

Most recent answer on Aug 30, 2022

Lucie

Expert

10+yrs recruiting & BCG Project leader

Lucie

Expert

gave the best answer on Aug 20, 2022

10+yrs recruiting & BCG Project leader

Hi there, I am not banking expert, but I would guess banking has probably very low variable cost and high fix cost and it declines with scale. I guess most cost can be saved with AI and digitalization, allowing banks t ... (read entire answer)

6
Answers

3.4 k
Views

25
Total Upvotes

on Aug 30, 2022 on Aug 30, 2022
Last Activity

McKinsey vs Boutique investment banking

Banking consulting investment banking McKinsey

Most recent answer on Oct 20, 2021

Agrim

Expert

BCG Dubai Project Leader | Learn to think like a Consultant | Free personalised prep plan | 6+ years in Consulting

Agrim

Expert

gave the best answer on Oct 20, 2021

BCG Dubai Project Leader | Learn to think like a Consultant | Free personalised prep plan | 6+ years in Consulting

Some differences according to me - personal opinion: Career progression is faster and easier in consulting. The tenures are fixed, the career path is fixed, and its also easy - you just keep improving your areas of deve ... (read entire answer)

7
Answers

3.1 k
Views

41
Total Upvotes

on Oct 20, 2021 on Oct 20, 2021
Last Activity

Corporate Strategy Final Round Interview

Banking Cases Corporate Strategy

Most recent answer on Sep 22, 2021

Antonello

Expert

McKinsey | NASA | top 10 FT MBA professor for consulting interviews | 6+ years of coaching

Antonello

Expert

gave the best answer on Sep 21, 2021

McKinsey | NASA | top 10 FT MBA professor for consulting interviews | 6+ years of coaching

Hi! I would contact HR to better understand what to expect! My guess is that you might go through an interview that is similar to a consulting interview. Hope this helps. Best, Anto

4
Answers

690
Views

48
Total Upvotes

on Sep 22, 2021 on Sep 22, 2021
Last Activity

Accenture - Strategy Consultant

Accenture Strategy Banking Digital transformation MBB

Most recent answer on May 11, 2021

Adi

Expert

Accenture, Deloitte | Precision Case Prep | Experienced Interviewer & Career Coach | 15 years professional experience

Adi

Expert

gave the best answer on May 10, 2021

Accenture, Deloitte | Precision Case Prep | Experienced Interviewer & Career Coach | 15 years professional experience

Hey, Which office/location are you referring to? I have provided a lot of information previously on Accenture in the Q&A forum. Check out this and embedded threads to check if these give you some more informati ... (read entire answer)

4
Answers

2.3 k
Views

20
Total Upvotes

on May 11, 2021 on May 11, 2021
Last Activity

How to approach bank transformation cases?

Banking Digital transformation

Most recent answer on May 04, 2021

Adi

Expert

Accenture, Deloitte | Precision Case Prep | Experienced Interviewer & Career Coach | 15 years professional experience

Adi

Expert

gave the best answer on May 02, 2021

Accenture, Deloitte | Precision Case Prep | Experienced Interviewer & Career Coach | 15 years professional experience

Hi, Some pointers for you below. Also check out this thread:https://www.preplounge.com/en/consulting-forum?query=transformation&status[]=own-answers-only&tab=your&company-session-id=0&sort=most-relevan ... (read entire answer)

3
Answers

2.4 k
Views

37
Total Upvotes

on May 04, 2021 on May 04, 2021
Last Activity

Where can I find cases related to Financial services?

Banking bankingindustry Boutique consulting firms

Most recent answer on Apr 29, 2021

gave the best answer on Apr 29, 2021

Hi there, Feel free to PM you - I have a folder of financial services cases I can provide you as part of coaching. Additionally, the case library on Preplounge gives you the ability to filter on Finance-related topi ... (read entire answer)

3
Answers

753
Views

42
Total Upvotes

on Apr 29, 2021 on Apr 29, 2021
Last Activity

Which industry is most interesting?

automotive Banking consulting Energy industries

Most recent answer on Mar 17, 2021

gave the best answer on Mar 05, 2021

Hi there, Of course, you need to decide for yourself, but here are the ones I personally find quite interesting. Automotive: EV AND AV? Hard to beat. Just love watching this space, thinking about who will pull ahead ... (read entire answer)

8
Answers

2.3 k
Views

62
Total Upvotes

on Mar 17, 2021 on Mar 17, 2021
Last Activity

How many employees does a bank have?

Banking Market sizing

Most recent answer on Dec 23, 2020

gave the best answer on Dec 22, 2020

Hi there, Very much need to know which bank and where. Completely changes how I approach this. However, this is a classic bottom-up approach. It's also a classic throughput set of logic (much like the common Starbuc ... (read entire answer)

4
Answers

1.0 k
Views

61
Total Upvotes

on Dec 23, 2020 on Dec 23, 2020
Last Activity

Internship at a bank to get a consulting full time job?

Banking investment banking

Most recent answer on Aug 25, 2020

Anonymous gave the best answer on Jul 13, 2018

Having a top-tier Bulge bracket name will definitely help your application. In my experience, a strong banking internship is actually better than a second-tier consulting internship to break into MBB. To the people th ... (read entire answer)

5
Answers

3.3 k
Views

6
Total Upvotes

on Aug 25, 2020 on Aug 25, 2020
Last Activity

Do you have a question for our consulting experts, too?

How to transfer from banking industry to consulting at junior level?

Banking business analyst Change Career

Most recent answer on Jun 03, 2020

Anrian

Expert

Ex Kearney Senior Manager | Ex McKinsey Engagement Manager | Interviewer & Case Coach at McKinsey (200+ Real Interviews)

Anrian

Expert

gave the best answer on May 29, 2020

Ex Kearney Senior Manager | Ex McKinsey Engagement Manager | Interviewer & Case Coach at McKinsey (200+ Real Interviews)

Hi Jing, I think at a glance your profile should be interesting for consulting firms. Yes, some consulting firms in Dubai have paused their hiring process for now - but I know some are still open to at least get CV an ... (read entire answer)

10
Answers

1.5 k
Views

66
Total Upvotes

on Jun 03, 2020 on Jun 03, 2020
Last Activity

How should I approach the following question: estimate the market size of credit cards in the U.S.?

Banking Cases Market sizing Practice cases

Most recent answer on May 27, 2020

Anonymous gave the best answer on Apr 29, 2020

Hi, Peter! In this case you should follow demand-driven approach to market sizing. By market size I would assume value of credit card debt in the U.S. (not the number of Credit Cards issued). First of all you can st ... (read entire answer)

6
Answers

9.1 k
Views

30
Total Upvotes

on May 27, 2020 on May 27, 2020
Last Activity

How will you reduce the operational cost for a credit card company?

bank Banking credit card investment banking

Most recent answer on Nov 09, 2019

Jamie

Former Tier 2, now MBB in Dubai. Here to chill :)

Jamie gave the best answer on Nov 09, 2019

Former Tier 2, now MBB in Dubai. Here to chill :)

Hi there, Interesting question. I will address this more like a real project, which you can convert in an interview case. 1. Clarify the problem. "How will you reduce the operational cost for a credit card company ... (read entire answer)

1
Answer

2.0 k
Views

1
Total Upvotes

on Nov 09, 2019 on Nov 09, 2019
Last Activity

Does anyone have payments case interview questions (on mobile wallets, contactless transit, digitization)?

1stround Banking BCG Big Four - Strategy currently preparing for MBB fintech MBB

Most recent answer on Sep 18, 2019

Anonymous gave the best answer on Sep 18, 2019

Hi A, payment option is becoming increasingly important in the modern apps, since the customers expects seamless experience and integrated payment. I can provide you a real life example on how our team was asked to ... (read entire answer)

1
Answer

5.1 k
Views

6
Total Upvotes

on Sep 18, 2019 on Sep 18, 2019
Last Activity

Financial Services Cases

Banking Financial Services

Most recent answer on Jul 24, 2019

Vlad

Expert

McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School

Vlad

Expert

gave the best answer on Jul 24, 2019

McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School

Hi, Happy to give you FS case as a coaching practice session. Feel free to reach out Best

1
Answer

3.1 k
Views

2
Total Upvotes

on Jul 24, 2019 on Jul 24, 2019
Last Activity

From consulting to ibanking?

Banking career consulting consulting industry Finance investment banking M&A switch

Recent activity on May 29, 2018

Anonymous gave the best answer on May 29, 2018

From speaking to many Investment Bankers at recruiting events at Cambridge trying to convince people that IBD>Consulting: the reason they almost all gave is that in IBD, you actually do, whereas in consulting you jus ... (read entire answer)

2
Answers

3.1 k
Views

2
Total Upvotes

on May 29, 2018 on May 29, 2018
Last Activity

From J.P. Morgan Chase CIB to consulting ?

BANE Banking BCG investment banking MBB McKinsey

Recent activity on Feb 07, 2018

Anonymous gave the best answer on Feb 07, 2018

Doable. Lots of stigma because is really hard to justify switch from one to the other for someone's own volition. Hours are slightly better but not life changing and travel can nullify that benefit, in US compensation - ... (read entire answer)

4
Answers

3.3 k
Views

11
Total Upvotes

on Feb 07, 2018 on Feb 07, 2018
Last Activity

I'm a law grad with ~10 years of banking experience in HK. How likely MBB want a person with profile like me?

Banking JD law grad MBB

Recent activity on Jun 07, 2017

Guennael

Expert

Ex-MBB, Experienced Hire; I will teach you not only the how, but also the why of case interviews

Guennael

Expert

gave the best answer on Jun 07, 2017

Ex-MBB, Experienced Hire; I will teach you not only the how, but also the why of case interviews

MBB is always trying to get new profiles. MBAs are a dime a dozen, whereas there are comparatively few JDs, MDs... Just based off the limited information you provide here, I would expect top consultancies to be inter ... (read entire answer)

1
Answer

3.2 k
Views

2
Total Upvotes

on Jun 07, 2017 on Jun 07, 2017
Last Activity

1 - 20 of 21 results

Consulting Q&A – Ask Questions about Your Career

In this overview, you will find all the questions asked so far by the PrepLounge community. Anyone can ask questions and write answers. Our coaches are also happy to share their expertise. If you like an answer, give it an upvote so that it rises to the top. Here you can also find our guidelines and FAQs for the Consulting Q&A.