Move from Big 4 Advisory into investment banking?

Question

I have an offer from a Big 4 firm in Transaction Advisory but want to eventually move into IB. How hard is it to lateral in, and what’s the best strategy to make the switch?

Answer 1

First of all, congratulations on your offer!

From my perspective, transaction advisory at a Big 4 provides a solid foundation for moving into IB, but the transition can be competitive. Your best path is through valuations or financial DD, as these align closely with IB skill sets. Strong networking is essential, so start building relationships early, as many lateral hires happen through referrals. Additionally, refine your technical skills, particularly financial modeling and deal structuring. After 1-2 years, opportunities at boutiques or mid-market banks become more accessible, with the potential to move up from there. I'v seen colleagues make the move, so the transition is abolutely possible.

If you need any support on the way, please don't hesitate to get in touch.

Answer 2

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)