My specific consulting vs. IB situation - Currently weighing two job offers
Currently I'm weighing two job offers, one of which expires soon 1/2 weeks. One is from top 10 mgmt consulting firm, other is from boutique IB in my city (non NY). To give you my perspective, I think the day to day work/ exposure of consulting is more interesting, but I really like a somewhat normal routine so I dunno if I could handle the travel. The offer from the bank is VERY generous (70 + 10) and the people there are really cool. The hours seem semi-tolerable (70/week avg) so I'd still have a life. My 3-5 year goal is top MBA program with I really dont know what after, maybe run my own business. Since I dont know what I want to do in the long run it's hard for me to say 1 or the other would prepare me better but I feel like I'd rather be a CEO than a CFO, if that helps. If I only think I might know what I want is it worth it to leave all the money on the table, as well as the fairly normal routine? Please help.
I was a consultant, and its really not as good as they make it out to be. sure i worked on all types of projects, bu its just so operational and division focused.
IB is more about overall company strategy. you get better understanding of the market and defnately is better than all the travel in consulting.
I have an offer from a top 5 consulting firm who already said they will pay for me to go to business school in 2 yrs. then i will have to guarantee them another 2 yrs. at that point, i am free to go and was thinking of entering banking as an associate.
what do you all think of this as opposed to entering a 2 yr analyst program at a bulge bracket and then b-school (which i assume i would have to pay for on my own) and then coming back as an associate.
i'd really appreciate any comments you have to offer.
I will take a job in investment banking any day over a consulting gig the only exception would be if the consulting gig is from McKinsey... then that's a cult worth joining if not u learn much more of what it takes to be a CEO in banking than u do in consulting
Well, then its a no-brainer, take the offer
Not to be rude, but I think the answer is IB if the firms included in your "Top 10" or "Top 5" do not specifically refer to M/B/B.
Among those three I think there is a legitimate debate that could go in either direction - outside of those three you're better off in IB
My specific consulting vs. IB situation - Not sure which offer to take (Originally Posted: 11/07/2006)
Currently I'm weighing two job offers, one of which expires soon 1/2 weeks. One is from top 10 mgmt consulting firm, other is from boutique IB in my city (non NY). To give you my perspective, I think the day to day work/ exposure of consulting is more interesting, but I really like a somewhat normal routine so I dunno if I could handle the travel. The offer from the bank is VERY generous (70 + 10) and the people there are really cool. The hours seem semi-tolerable (70/week avg) so I'd still have a life. My 3-5 year goal is top MBA program with I really dont know what after, maybe run my own business. Since I dont know what I want to do in the long run it's hard for me to say 1 or the other would prepare me better but I feel like I'd rather be a CEO than a CFO, if that helps. If I only think I might know what I want is it worth it to leave all the money on the table, as well as the fairly normal routine? Please help.
do whichever you think you can stomach for 2-3 years. Both will get you into a good business school, so pick the job that won't make you blow your brains out in 1 year
Disclaimer: The post above has been made by someone who is not currently employed in IBD, and has not had an interview yet...
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