Looking for advice on framing story (IB -> Risk Advisory -> Strategy Consulting)

Based on the most helpful WSO content, here's how you can effectively frame your story for transitioning from IB to Risk Advisory and ultimately to Strategy Consulting:

1. Highlight Relevant Skills Across Experiences: Even though your initial roles were not directly in strategy consulting, each position has equipped you with valuable skills. For instance:

   • Marketing Internship: Discuss how this role helped you understand market dynamics and customer engagement, which are crucial in consulting for understanding client needs and market positions.
   • M&A Advisory Internship: Emphasize your analytical skills, understanding of financial statements, and how businesses are valued—skills highly relevant in consulting.
   • Investment Banking Internship: Highlight your ability to work under pressure, manage complex financial models, and your deep understanding of corporate finance.
   • Risk Consulting at Visa/Mastercard: Focus on your ability to assess and manage risk, a critical component in strategic decision-making for any business.

2. Connect the Dots: Make it clear how each experience has been a strategic step towards your ultimate goal of strategy consulting. Explain that each role has been part of a larger plan to build a comprehensive skill set that includes analysis, risk management, market understanding, and financial acumen.

3. Leverage Your Risk Consulting Internship: Instead of viewing it as a detour, present it as a unique strength. Risk management is integral to strategic consulting as businesses must understand potential risks to make informed strategic decisions. Explain how this experience gives you a unique perspective on the implications of strategic choices.

4. Focus on Your End Goal: Clearly articulate why strategy consulting is your career goal. Connect this to your experiences and skills, showing a logical progression towards this field. Mention how consulting aligns with your strengths and career aspirations, particularly at firms like Bain, known for their work in private equity and areas where you already have experience.

5. Networking and Mentorship: Utilize your contacts within the industry. Mention how interactions with professionals in the field have shaped your understanding and passion for consulting. This demonstrates your proactive approach and commitment to the field.

6. Prepare for Behavioral Questions: Use the STAR-L method (Situation, Task, Action, Result, and Learning) to prepare for interviews. This method not only helps in structuring your responses but also in highlighting what you’ve learned from each experience, which is crucial in consulting interviews.

By structuring your narrative around these points, you can effectively communicate your journey and readiness for a career in strategy consulting, turning what might seem like disparate experiences into a coherent and strategic career path.

Sources: Q&A - Public Accounting to Top MBA, Q&A: Strategy consulting Associate Partner offering career advice, PowerPoint Skills, My two cents on getting a job at MBB, Superday Advice From a Tired Interviewer