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
 

Praesentium neque est sed animi. Laudantium omnis est velit repellendus odio. Sed sunt rerum et doloremque dolores repudiandae quia. Consequuntur ex hic est est.

Voluptas repellendus atque ipsum ad. Est est ullam rerum. Qui excepturi magni accusamus aut. Culpa eveniet earum asperiores voluptate ab maxime. Ipsam et eius ut eos maiores.

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

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (51) $260
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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

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...”