IB to Consulting or Consulting to IB - What's easier?

Question

Is it easier to switch from investment banking to consulting or the other way around?

Answer 1

Both jobs are very hard to get into and test for different skill sets. To get into IB you need to have a solid understanding of valuation metrics alongside industry expertise. For consulting you need to have a strong consulting toolkit (e.g., structuring) and an ability to solve business problems and tell the right story.

I have seen more people switch from IB to consulting than vice versa for a few reasons

They are valued for their modeling skills especially if recruiting for the PE practice
More candidates seem to want to go from IB to consulting than vice versa
For banks to take consultants the consultants will need to have very high level financial modeling skills that is typically not required for consulting projects.

Hope this helps,

Udayan

Answer 2

It’s generally easier to switch from investment banking to consulting than the other way around. In banking, you build solid financial analysis and modeling skills, plus you get used to a high-pressure, client-facing environment—skills you also need in consulting. Consultants deal with strategy and operations, so bringing in someone with a strong finance background can be a big plus.

Switching from consulting to investment banking is a bit tougher. Banking is super technical, especially when it comes to financial modeling and deal structuring. It’s not impossible, but you’d need to show you have the technical know-how or be willing to start at a lower level to pick up those skills.

Answer 3

Great question! Moving from investment banking to consulting is more common than the other way around. Here’s why:

Technical Skills: Banking often requires a more technical skill set. Firms generally prefer candidates transitioning from a more technical to a less technical role.
Work-Life Balance: While consulting is demanding, many bankers seek a better balance, something consulting can offer.
Brand Recognition: Consultants often benefit from the strong reputation of top consulting firms (MBB), making the transition smoother.

Of course, there are many nuances to consider. Let’s set up a free intro call and discuss your specific situation!

Answer 4

Having worked in both consulting and finance, I’d say the main difference is the focus. In consulting, it’s about big... (read entire answer)

Having worked in both consulting and finance, I’d say the main difference is the focus. In consulting, it’s about big-picture problem-solving, like helping a client expand into... (read entire answer)

Answer 5

My last interview was also called a case interview and was one in the sense that I was presented with a business situ... (read entire answer)

My last interview was also called a case interview and was one in the sense that I was presented with a business situation and had to make suggestions for action based on this i... (read entire answer)