Consulting or Self-Funded Search Post MBA?

searcher profile

October 20, 2025

by a searcher in New York, NY, USA

Hi everyone — I’d love some advice. I’ve caught the ETA bug. I’ve read all the books (Buy Then Build, HBR Guide, etc.), listened to every podcast (Acquiring Minds, Think Big Buy Small), and gone through countless case studies. I’ve been accepted to a T10 MBA program for next year and am waiting to hear back from nine others in December, including several M7s. My question is whether it would add meaningful value to spend a year in consulting after my MBA before launching a self-funded search. I don’t want to do it, but I could see the benefit if I landed at an MBB firm. For context, my background includes one year at a credit fund doing bridge loans right above the SBA threshold, two years in accounting, and the last three and a half years in lower middle market investment banking. My team typically works on deals in the 10–100M EV range, so I feel comfortable with the transaction process and the valuation dynamics of SMBs. I have a strong financial foundation, have been disciplined about saving and investing, and can self-fund my search. My decision is purely about readiness to lead — not capital constraints. When I begin my search, I plan to focus primarily on commercial services, niche manufacturing, and residential or consumer services. That said, I’ll remain industry-agnostic and open to opportunities across all geographies. Would a year at MBB significantly improve my ability to succeed as a small business operator, or would it just delay the inevitable learning that comes from being in the seat? If you believe consulting would add value, any suggestions on which teams to target? Thanks in advance for any thoughts especially from those who have gone straight into a self-funded search post-MBA or took a consulting detour first.
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commentor profile
Reply by a lender
from California State University, Sacramento in Seattle, WA, USA
Getting actual small business operations experience will serve you well. I’m Not sure if your IB experience was just on the spreadsheets or if it entailed any operations interactions. From my observation seeing what happens in the lending portfolio post close, reading books on the subject does not readily prepare you for the messiness of what you’re going to encounter. The MBA alone doesn’t either. I think more would be acquirers should slow down, get more resume in leadership and operations roles, build up the PFS even more and then consider this path down the road. Sorry if that’s harsh.
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Reply by a searcher
from Columbia University in Ciudad de México, CDMX, México
I´ll suggest you do your search while working full time... focus in those industries and businesses you trully could have a passion for... Operating a SMB is trully challenging and you need good experience in operations and among other things, you need good experience managing people, selling and fixing things on the fly... There is no right or wrong answer to your question... eitherway you will learn tons! Good luck
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