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bizwiz84
Joined: 15 Oct 2012
Last visit: 03 Mar 2021
Posts: 183
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Concentration: Strategy, Entrepreneurship
Schools: INSEAD Jan '15 (M$)
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23 Oct 2014, 10:00
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fxmbaconsulting
That is probably true. I'm really no expert, so I'm not in a position to judge the competitiveness between offices, but it is fair to assume that the NY offices of all 3 MBB firms are among the most sought after. That being said, there might be opportunities, even inside the US, in different offices where the bar might not be so high. And there's always the possibility of a transfer after a few years once you're hired (although it's not that easy, and it might depend on availability/projects and personal performance).
Thanks for your inputs!
23 Oct 2014, 19:13
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As a way of judging office prestige/competitiveness - within a given country there seems to be a correlation between prestige and the $$ cost per square unit of rental space. That makes NYC and SanFran highly competitive. I would not bank on a transfer but sure, it is also a possibility.
As an example, one guy I was very good friends with at Sloan went from Infrastructure to IB. This was 2008-10 so the market was a mess by the way. Anyway he was Italian and landed an internship at Deutsche Bank in London. Then the London team extended him a FT offer sometime after the summer. I guess there was technically a policy whereby if you got an offer you could request a different location. Like an idiot this guy thought NYC would be even more prestigious than London so requested the NYC office at the last minute - and the London team was like 'Uh err well ok'. The NYC bosses hated him (probably because they felt saddled with someone they didn't choose on a technicality).
He was among the first to go in subsequent layoffs.
As an example, one guy I was very good friends with at Sloan went from Infrastructure to IB. This was 2008-10 so the market was a mess by the way. Anyway he was Italian and landed an internship at Deutsche Bank in London. Then the London team extended him a FT offer sometime after the summer. I guess there was technically a policy whereby if you got an offer you could request a different location. Like an idiot this guy thought NYC would be even more prestigious than London so requested the NYC office at the last minute - and the London team was like 'Uh err well ok'. The NYC bosses hated him (probably because they felt saddled with someone they didn't choose on a technicality).
He was among the first to go in subsequent layoffs.
htetzz
Joined: 20 Feb 2012
Last visit: 23 Oct 2017
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Schools: INSEAD Jan '16 Cambridge'16 Said'16 IMD '16 IE April'16
WE:Consulting (Consulting)
06 Nov 2014, 10:54
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Many thanks for insightful discussion!
I'm wondering whether studying in schools having small consulting incline and coming to heavy consulting schools (INSEAD, LBS, or Kellog) on long excbange can give a more or less the same opportunities to land in MBB? Do exchange students have the same exlosure to recruiters and are considered like the native part of the class (at least in mentioned schools)?
I'm wondering whether studying in schools having small consulting incline and coming to heavy consulting schools (INSEAD, LBS, or Kellog) on long excbange can give a more or less the same opportunities to land in MBB? Do exchange students have the same exlosure to recruiters and are considered like the native part of the class (at least in mentioned schools)?
