Consulting the right choice for me?

Hey Guys,
I'm currently 16 and an exchange student from Germany in the US,
the job as an consultant including lifestyle seems pretty cool,
but my only issue was always the "shitty" pay,
but now I read that consultants get paid all expenses, such as lunches and nights in "luxury" hotels.
Including to their free weekends and the partying during the night.
It also appears to me that many consultants care about their appearance,
(I love fashion, Burberry, Louie Vuitton, Gucci, D&G, Ralph Lauren, Armani... etc.)
How much is true about it, and if you travel from Monday-Thursday where do you stay during the weekend's?
Also where do you store the Items which you don't need for the trip?
Such as an parka for a trip to south Afrikaner?
I love every part about traveling even the delays at the airport (I had a 20h delay in Chicago during a snowstorm).
I just love to talk to new people, as much as visiting new cities all the time.
And if you had the chance again, would you choose Ibanking (and PE afterwards), over consulting?
Even when the hours seem so "though"?

BTW: How many languages should you speak, right now I speak 3 languages fluent (German, English, Tamil) and I'm about to learn Mandarin in school when I'm back home, I also speak basic Arabic, Russian and French (I have many friends from different nations all over the globe).

 
Best Response

Shitty pay?!?! Maybe compared to IB but my all in comp for first year will cross 90k and may cross 100k if I work my ass off and that is before your include expense accounts that make your pay go further because you are not paying for meals 4 days a week and staying in nice hotels racking up hotel and airline points.

Yes, you get to party it up but your weekends aren't completely free, you will likely spend a few hours doing work but nothing compared to banking.

You work out of your home office on Fridays, which means your weekends are spent at your apt/home/etc.

This is America, we speak English and that is all you will need but knowing a foreign language won't hurt. I am proficient in Spanish, but no one cared or bothered to ask about it in interviews.

All in all, you are 16, you have plenty of time to figure this out, enjoy high school and do stupid shit. Most importantly, go to parties and get drunk often in preparation for college and a career in IB or consulting because you will drink a lot in either of those careers, better start preparing your liver now.

 

Tempora et amet voluptatem. Quo sed minima vero qui commodi aut sed autem. Veritatis sint accusamus repellendus iste assumenda eos occaecati.

Libero dicta quisquam molestiae error consequuntur quia. Dolor iste qui illum repudiandae iure sed. Beatae sit molestias sunt totam dolores at recusandae. Et ab quidem rerum dolor rerum magnam expedita. Est dolor qui quibusdam in. Error possimus voluptatum eum est.

Quae quis et consequatur pariatur voluptate consectetur maxime. Dignissimos minima consequatur tenetur porro. Voluptas est sunt quasi ut eos fugit expedita a. Hic cupiditate sequi quia quaerat aut voluptatem molestiae.

Doloribus sit et ducimus. Labore veritatis consequatur et sed est. Maiores illum voluptate ratione suscipit. Quibusdam doloribus minus consequatur qui.

Career Advancement Opportunities

May 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Overall Employee Satisfaction

May 2024 Consulting

  • Bain & Company 99.4%
  • Cornerstone Research 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • McKinsey and Co 97.7%
  • Oliver Wyman 97.2%

Professional Growth Opportunities

May 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Total Avg Compensation

May 2024 Consulting

  • Partner (4) $368
  • Principal (25) $277
  • Director/MD (55) $270
  • Vice President (47) $246
  • Engagement Manager (100) $226
  • Manager (152) $170
  • 2nd Year Associate (158) $140
  • Senior Consultant (331) $130
  • 3rd+ Year Associate (108) $130
  • Consultant (588) $119
  • 1st Year Associate (538) $119
  • NA (15) $119
  • 3rd+ Year Analyst (146) $115
  • Engineer (6) $114
  • 2nd Year Analyst (345) $103
  • Associate Consultant (166) $98
  • 1st Year Analyst (1048) $87
  • Intern/Summer Associate (190) $83
  • Intern/Summer Analyst (552) $67
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”