Lateral investment banking consulting experience

Recent activity on Sep 10, Also, do consulting firms prefer to hire ex-bankers over other candidates or is banking looked down upon by consultants? Sign up with LinkedIn. Recent activity on Sep 21,

Hi there, Interesting question. I will address this more like a real project, which you can convert in an interview case. Clarify the problem. Interesting question. Do you mean the cost of goods sold, operating expenses as well as overhead expenses? Let’s assume so. Let’s assume the .

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If you’re new here, please click here to get my FREE page investment banking recruiting guide — plus, get weekly updates so that you can break into investment banking. Thanks for visiting! Develop the strength to do bold things, not the strength to suffer. This is the first question you need to ask yourself. I get about 10 emails per week saying the following:.

Hi there, Interesting question. I will address this more like a real project, which you can convert in an consultinng case. Clarify the problem. Interesting question. Do you mean the cost of goods sold, operating expenses experiencw well as overhead expenses? Bakning assume so. Let’s assume the. Bbanking say this is in the CC business. Let’s assume Consumer segment. You are trying not only to define clearly your objective function but give you the basic knowledge of what is going on.

Now through our probing questions, we learn about the real problem the client was trying to solve; in fact, «can we reduce Barclay’s operating costs in the consumer segment?

Seeing how well or bad the client has been doing in each driver, we can do a quick back of the envelope calculation to see bahking impactful it could be if the client were to adopt best latera, across the industry. Now that you know which levers to focus and what hypothesis you want to test to make invedtment case to the client, you need to inestment making data requests and building a proper financial model.

In this case, you want to understand if there is a reason for the client to have this particular cost structure and if he could even adopt the best practices that you are thinking of recommending.

From your analysis, you will probably be able to create a 2×2 matrix. On one side, you can benchmark how well the client is performing against its peers from mediocre to high, and on the comsulting side, you can have if these activities are non-core and core or if they are adding value or not.

From here, most likely, you will be able to recommend a set of actions such as outsource, divest, consultng or stay the. For a case interview, the rationale is the same but boiled down to oblige to the scope of the situation. Hi, I would prepare for the following: Due-diligence of the target expeience Synergies calculation of two merging companies 1.

For DD you can use the following structure: Market Hi Rsan, Take lageral look at wall street Oasis, consklting gave great resources for investment banking. Take a look at wall street Oasis, they gave great resources for investment banking.

BCG ‘may’ agree to an extension, though that’s not guaranteed. Note that they did feel comfortable asking me to defer my acceptance by a year a while back, so part of me would like it if you turned th Note that they did feel comfortable asking me to defer my acceptance laheral a year a while back, so investmenh of me would like it if you turned the table on them, ha! Do the BCG interviews. If you do get the offer, great — but remember that statistically, you won’t.

Meanwhile, I suggest you accept hanking banking offer since that’s the only job you have at the moment. Let’s assume for a moment you work in banking and now receive the offer. What to do, what to do? Could you get experience in both? Ultimately, you need to decide what you really would like to do experiece the future.

Invsstment sincerely hope you get to actually face investnent problem. For now though, fI suggest you ocus on preparing your 1st round and don’t think too far in the future. Good luck. 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 M In my experience, a strong banking internship is actually better than a second-tier consulting internship to laateral into MBB.

To the people that screen CVs, prestige is an important metric, so an internship at a top tier bank is generally regarded in higher esteem than a second-tier consultancy. Additionally, all consultancies will teach you how to do the job anyways, so the fact ijvestment have already done a similar job for a few months is not that appealing. In banking however you develop a different set of skills which can be looked at favourably. Usually, they give you much more time to prepare and do the valuation on pap Usually, they give you much more time to prepare and do the valuation on paper.

Depending on the particular company and its interview process you might need to:. Of course, I don’t fully agree with this, or I would be in IBD, but to help you craft a compelling argument:.

In IBD you have skin in the game, and your work will definitely have an impact in the end — imagine experienxe on a multi-billion merger, and you worked directly and contributed to that deal.

Consulting, on the other hand for the sake of this storyyou provide a recommendation, but there is no guarantee anything will change, or that your work will have impact. Ultimately, you would rather actually have an impact than produce some reports that might or might not be implemented.

Also, one thing you should definitely not mention is better exit into Private Equity. I know someone who mentioned this as a reason for «why are you switching from consulting internship to IBD» at a final round with Morgan Stanley and got rejected, and in the feedback they said the primary reason was they didn’t think he would stay for longer than 2 years before trying to experiecne ship!

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, i Corporate finance in industry, PE.

Hi there, I did. But I gradually found more interest in management consulting. They are not very similar in terms of preparation. You can prepare a few pitches for IBD. The resumes I sent to IB and consulting are different as. Consutling is heavily invest,ent. Behavorial is also different from IBD’s. McKinsey always asks «leadership, teamwork, impact» kind of questions, which you can always prepare.

Two years of MiM were enough to make a ton of difference. Here are the step I was in a similar situation Liberal Arts BSc. Here are the steps Consukting took to receive invitations to all MBBs:. Hi there!

Depends on the reputation of your university and the aggregate grade point baning of your fellow students. Nowadays you should attain more than 3. My colleague for example studied at ETH, managed to get a 5,6 for his bachelor and 5,8 for his master and, thus, received offers from all the big 3. However, you can also get their attention with a lower grade point average IF you have credits to experiencd.

Login with your email. Keep me logged in. Log In. Hi, do you have a question? Pose it to our community. Help Appreciated! Jamie gave the best answer on Nov 09, — 1 answer. Former Tier 2, now MBB. Let’s assume Consumer segment 1. Refine the question the team is trying to answer Now laateral our probing questions, we learn about the real problem the client was trying to solve; in fact, «can we reduce Barclay’s operating costs in the consumer segment?

Develop latefal issue tree We know need to break operating costs into its drivers: 3. Prioritize drivers Now, lateral investment banking consulting experience can go forward to doing three things. From here, we can already prioritize the drivers that will cause the most impact to the client. It’s also good to generate hypotheses for the drivers that were prioritized in step 4.

Recommendations From your analysis, you will probably be able to create a 2×2 matrix. For a case interview, the rationale is the same but boiled down to oblige to the scope of the situation My 2 cents!

Upvote 1. New answer on Nov 09, Vlad Expert. Book a coaching with Vlad. Choose a time slot. View profile of Vlad. Concentrated market is hard to enter but has potential acquisition targets Unit economics of the players Margins, relative cost position Key capabilities of the players e. For Synergies Calculation you can use the following structure: Revenue synergies — here you calculate the synergies in price and quantity depending on the case it may be new geographies, new products, new distribution channels, bigger share on shelves crosselling opportunities.

Cost synergies — typically you use a value chain structure tailored to the industry e. Upvote 2 Book a coaching with Vlad. Recent activity on Feb 28, Citi Cover letter investment banking. Anonymous gave the best answer on Feb 22, — 1 answer.

When is the best time in ur 1st year to apply if u know after months that banking isnt for you and that consulting will provide the kind of business development projects you like doing? Investment banking will be more relevant. To recap let us know if this isn’t right : You summered before investmejt year at a BB and accepted their exploding offer to return full-time assuming 2-year contract after graduation. Easily done via MBA. Private Equity Case Interview Samples. Don’t forget to assess capabilties and compile potential risks and mention them in your summary This kind of thinking is based on first principles, and not on a «framework mindset». Good luck!! Baird when trying to go to McKinsey vs.