Work right now at an investment bank and want to lateral over to one of the MBBs sometime next year with 1-2 years experience.
On paper my resume is great but the problem is I don’t know if it’s likely they’d consider hiring someone like me with only a year or two of work experience and if the hiring environment is getting better to begin with.
Can anyone give me info on whether 2025 will be a good year for lateral hiring and if I have enough experience to apply?
Hey there.
100% MBB firms could hire you with your investment banking experience.
Something I'd like for you to remember and something I tell my coachees all the time:
What this mean is they want good problem solvers who can help generate impact with clients. So what they would want to see in you is that you have a way of thinking that can help them solve various client problems
So what I recommend is just to try accomplish and achieve as much as you can in you IB experience now, so your CV can reflect these and you can get past the screening process in recruiting!
All the best!!
Hello!
1-2 years in IB is relevant experience for MBB, so you should feel comfortable applying for a role!
Whether 2025 will be a good year for hiring is unclear (hopefully yes), but this shouldn't stop you from submitting an application!
Good luck and fingers crossed!
Definitely worth exploring! The best way to get intel on your question is to network with consultants in your target office.
They can ask their experienced hire recruiting teams for an update on hiring need and timing for interview rounds. I did this often to get my referrals the right intel on when to apply/prep for cases.
If you have 1-2 years of experience, you’re still considered an “experienced” hire (off cycle recruiting).
When folks say lateral hires, I think more of manager+ level folks with direct consulting experience.
DM me if you want to chat further!
Hi there,
Q: I don’t know if it’s likely they’d consider hiring someone like me with only a year or two of work experience and if the hiring environment is getting better to begin with.
A profile in IB is fine for MBB, however you will not have all the years of work experience in banking recognized as seniority.
Regardless the chances in 2025 – I don’t think anyone can predict them clearly. In any case, the ban is usually 12-18 months, so you might simply apply again the following year if not successful.
Good luck!
Francesco
Hey!
Lateral hiring at MBB is possible, especially if you have strong experience and skills from investment banking, which aligns well with consulting’s demands. With 1-2 years of experience, you’d likely target roles equivalent to Business Analyst/Associate (McKinsey), Associate Consultant (Bain), or Junior Consultant/Consultant (BCG), depending on the office and your level of expertise.
Key Considerations:
You’re on the right track, and with tailored preparation and outreach, 2025 could be a great year for your move! Feel free to ask if you want more tips on crafting your application.
Alessa :)
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