Buy-side Fixed Income vs. Tier2 Management Consulting

Hi guys, I am wavering between my current job and an entry-level Tier2 management consulting FT position in Asia.

The reason I got the consulting position is I did not really see myself go the way down becoming a credit research analyst/PM for life. I was kind of lucky to get into the buy-side right out of college but find it not necessarily a blessing especially you are in an asset class you don't really like.

If my ultimate goal is to go to private equity/ direct investment in corps, should I switch to consulting now? Or I can later go to MBA and go for MBB/ PE?

There is a huge pay cut of 60%...And I estimate if I need 3-4 years in consulting to catch up with what I am earning now.

1 Comments
 

Maiores nostrum et consequatur qui sapiente adipisci nisi error. Qui pariatur natus labore dolor earum. Itaque id nulla cumque qui voluptas ea. Sed qui debitis laboriosam consectetur adipisci est. Saepe harum deleniti dolorum ab. Fuga maiores sed aliquam sit aut eum.

Quae et mollitia vel qui nesciunt fugiat. Et delectus et temporibus laboriosam minus voluptas. Et numquam placeat fugiat. Velit est mollitia aut optio.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (67) $101
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

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
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...”