Q&A

Is IB or consulting better?

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Is IB or consulting better?

Almost everyone agrees that investment bankers earn more than management consultants. The exact differences vary, but total IB compensation is often 50-100\% higher in most levels of the hierarchy.

What pays more consulting or investment banking?

Average base salaries might be the same, but investment bankers have a higher bonus. Depending on specific locations, the exact salary may be different, but generally Investment Bankers make 30-40\% more income than Management Consultants with similar tenure. More on Consulting Salary here.

Is IB or consulting harder to get into?

The reality is they are all competitive because the compensation and prestige of the job is excellent. I think consulting at MBB is probably harder then IB. The interviews are notorious, you really have to be prepped and knowledgable.

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Is MBB better than Big 4?

If you want to get into banking then Big 4 TAS may be considered more beneficial than consulting for some ibanks, but in most cases they would take the prestige of an MBB alum. MBB has better projects, better people, better prestige, better pay and better exit opportunities.

Does Goldman Sachs do consulting?

We work with investment consultants to address their clients’ specific objectives and tailor solutions consistent with their strategic recommendations. We share market views and leverage resources across GSAM and the broader firm to help investment consultants navigate financial markets.

Can you go from IB to consulting?

Yes, you can move from IB to consulting – I helped a few people with the transition. You have two main options: Move after 2 years – you will join as Analyst (McK) / Associate (BCG, Bain). You should be able to negotiate at least 1 year tenure.

Is Deloitte better than MBB?

MBB consultants typically have a much stronger exposure to true strategy work. We’ve tended to engage Deloitte more for process and/or operations-related work. Opportunities to work on true strategy work are significantly greater in MBB firms than Deloitte.

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Which Big Four accounting firm pays the most?

Advisory giant Accenture consistently pays consultants the highest starting salary compared to the big four consulting firms, with PwC and Deloitte vying for second place at different experience levels.

What is a boutique consulting firm?

What is a boutique consulting firm? Much like a small shop that sells beauty supplies or accessories, a boutique firm is a small firm that offers a limited number of services to a relatively local client base. Most boutique firms field less than 100 consultants with a minimum of administrative support staff.

Is Deloitte better than McKinsey?

Deloitte is most highly rated for Culture and McKinsey & Company is most highly rated for Compensation and benefits….Overall Rating.

Overall Rating 4.0 4.3
Management 3.6 3.9
Culture 3.8 4.1

Who makes more money – investment bankers or Quants?

Our users generally share that “Quants” generally make more and are wealthier than Investment Bankers due to the fact that their skills more differentiated and difficult to acquire. Quants, at least the ones i’ve worked with, tend to be of more value, and are harder to train from the firm’s prospective.

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Should you switch jobs to an investment banking boutique?

When switching jobs, especially to hedge funds and private equity firms, candidates with experience with bulge banks are preferred due to their better corporate exposure. Joining an investment banking boutique does offer some great advantages even though bulge banks offer a more classic career path.

What is it like to be a quant?

Quants, at least the ones i’ve worked with, tend to be of more value, and are harder to train from the firm’s prospective. You can take most college grads and turn them into bankers (it’s really just glorified accounting), but quants are typically highly educated.

What are the highest paid types of Quants?

The highest paid type of quants are the ones that work for hedge funds / trading firms. In these cases, earnings will be tied to the returns of the firm and therefore are variable. There are also developer quants that create software for trading firms and investment banks.

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