I'll be straight with you. You've been fed a line of bull. One or two years consulting/banking will definitely not open up every job in the world in Texas finance. In fact, a few years of I-banking/consulting won't likely open more doors than you would have at b-school. Consulting/banking recruiters are masters at selling the exit opps, but the truth is, if you really want to exit to a c-suite job with a big company, you will probably need to put in enough time to make director/partner at your consulting firm and your chances thin dramatically as you go down from mbb to lower tier firms. If you want a mid level management job, well then what is even the point of going into consulting/banking as you can land those jobs right out of B-school? And these companies will be coming to recruit you, rather than you having to do all the footwork.

So if you already know you want to move into corporate finance, why not just go straight there from your MBA?

But if you are dead set on it banking/consulting than I-banking makes more sense if your long term goal is corporate finance. It seems like most consultants exit to things other than finance - business development, strategy, operations, product management etc. Though I'm sure some do move into finance I just don't see how consulting is the door to it. Bankers on the other hand tend to move into finance roles, though they can certainly move into other roles too.

I haven't looked into Georgetown much so I can't say which would be better. Given that McCombs is generally a little higher ranked I'd guess it would offer a slightly higher chance of getting a top consulting/banking job.

That being said, I wouldn't say that either school gives you a particularly great shot at the top tier firms. That is, if you are talking about the m/b/b and goldman/jpm tier. IF you are talking about Deloitte or citibank, yeah you might have a good shot from either school. But I also don't think that they will open the same doors as those more prestigious firms would.

Last point cause this is getting long. Your goals and background make it seem like you aren't quite sure what you are doing. You're an attorney, who either wants to go into i-banking or consulting (two very different paths which are completely different than law) with the goal of working in finance after a year or two. Just seems very muddled, there is nothing really tying things together.

Do you want to stay in Texas long-term? If so, I'd be leaning towards McCombs.

McCombs.

Do I need to go to career services to get this, or is someone collecting it online?

Sorry I'm not quite sure what you are trying to say. Climbed up the ranks from analyst or associate at a boutique i-bank? You aren't being very clear. If that's what you are talking about then that wasn't my point at all.

My point is you would have a better shot of getting a solid corporate finance job straight from your MBA than you would getting into a top i-bank or consulting firm from McCombs or Georgetown and then trying to exit into the finance job you want. Partly because those two schools don't place well with the top tier consulting firms/banks, but also because you are overestimating the ease of exiting.

Yes, you've seen that there are ex-consultants at high levels, but given the ARMY of people they churn through the consulting system year after year (they hire armies of MBAs, and turnover is very high as 80-90% get leave after 2-3 years, only to be replaced by fresh faced MBAs), of course some are going to end up in the executive suite.

The reality is, a lot of the ex-consultants I have known end up in a comparable place in many industries as other MBAs who never went into consulting at all: most end up in middle to mid-senior management.

Surely you see that you can't construct a sweeping generalization (that 1 to 2 years in i-banking or consulting will open any door) just based on your interactions at work.

As far as prestige and job opportunities are concerned, I think MCombs is probably quite ahead of Georgetown...
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