Consulting and investment banking: two highly competitive professions; both excellent options for ambitious, high-performing individuals. But there’s more. His motivations were his passion for banking and finance that fired up during his Master’s in Finance program at the London Business School. In order to understand how management consulting and investment […] I know how to invest, and I do invest. I am 14 years old. IB interview insights & strategies. Consulting where the culture and experiences could be better on average so you won't likely come to hate it). Two lands of the smartest people. I think the volatility of one's like and dislike and experiences for banking is higher than for consulting (as in the bad can be quite terrible vs. Yes, this one is well-worn ground and we’ve talked about everything from stuff investment bankers like to pay to stuff investment bankers don’t like. As a competitive college student, you are thinking about what will launch your career best and are considering this important question. Two career tracks that deeply transform you both personally and professionally. The “Why Investment Banking?” interview question You’re almost guaranteed to be asked this question in an investment banking interview Investment Banking Interview Questions & Answers Investment banking interview questions and answers. This real form was used by a bank to hire a new analyst or associate. When they hire you, consulting firms want to make sure you have thought about what you are getting into. But there are also important differences. He says the negative side of consulting is that it takes long to see the results of your work, as a client may implement your … Cashflow or not, the extra money is substantial and a defining driver of why many people do investment banking. One consultant who formerly worked in investment banking in London says banking and consulting can be complementary careers, but that the skills they need end up being quite different. Why should you prefer Management Consulting to Investment Banking? • Management consulting was exactly what wanted to do. If you start out in banking, he says you'll gain excellent knowledge of valuation methods, financial modelling and transactions. Having been fortunate enough to work at both McKinsey and Goldman Sachs, I would like to share some pros and cons of each industry from my perspective. You will work long hours, travel a lot and be under stress.

The IB offers good pay and brand name but a back-office role (smelling boring all over it) While the consulting job sounds like what i really want to do but the poor pay and name.

Two of the most prestigious career choices for business students. This post was co-authored with Steve Sears who writes on how students can prepare for management consulting interviews. Knowing the highest highs and lowest lows in banking sooner (analyst) vs later (associate) will help you determine if it's something you want to do. Also, and … So, let's start off with a brief overview to quickly answer the question "why consulting? Investment Banking. Add in bonuses, 401(k) contributions, profit-sharing, and other benefits, and the compensation difference can grow further. This is also a difficult issue for consulting firms with respect to employee retention. Thegatewayonline.com features the story of an executive director at a large firm’s IB division who shifted from consulting to investment banking.



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