BB IBD vs MBB Consulting for public sector exit opps?

Hey WSO,

Let me preface that I don't want this to get into a leveraged sellout-esque pissing match over which group of professionals has the biggest dick.

I have these two paths ahead of me and I want to know which is best for me, given my goals. I don't intend to do either in the long-term. By the age of 30, I want to preferably have:

1) Gained entry into a top dual MBA/MPA program, like HBS-HKS, CBS-SIPA, INSEAD-SAIS.

2) Made an exit into the public sector. I haven't made my mind up specifically, but this could mean anything from civil service (foreign service officer, intelligence agencies, etc) to more finance-related stuff (sovereign wealth funds, treasury, fed). Maybe even state legislature or other elected office in the far, far future - but I won't get ahead of myself!

Given my career trajectory, which would hold a greater cachet in terms of helping me get those things: an IBD role at GS/MS/JPM, or consulting at McKinsey, Bain and BCG?

My first gut reaction tells me MBB, because something tells me public servants don't take kindly to bankers for some reason. But please correct me if I'm wrong!

5 Comments
 

People enter public service after running a pizza restaurant. Others were CEOs of BB banks. It doesn't matter. What matters is how much drive you have.

How many people are you willing to canvass? How many phone calls are you willing to make?

The fact that you have people who believe the Earth was created 5,000 years ago working alongside former executives should give you an indication of what it takes to get into public service. Not necessarily brains, but rather drive and a LOT of luck (and money from somewhere).

 
Best Response

Corrupti iusto aut autem optio voluptas. Facilis nesciunt nostrum corporis ut excepturi aperiam velit. Inventore nobis qui est occaecati dicta. Voluptatem doloribus eos aut explicabo magni aliquid quia. Suscipit inventore quo dolorem alias id et. Sit quae officia molestias impedit perspiciatis.

Career Advancement Opportunities

July 2026 Consulting

  • Boston Consulting Group 99.5%
  • Bain & Company 99.0%
  • McKinsey and Co 98.4%
  • Oliver Wyman 97.9%
  • LEK Consulting 97.4%

Overall Employee Satisfaction

July 2026 Consulting

  • Cornerstone Research 99.5%
  • Bain & Company 99.0%
  • Boston Consulting Group 98.4%
  • McKinsey and Co 97.9%
  • Oliver Wyman 97.4%

Professional Growth Opportunities

July 2026 Consulting

  • Bain & Company 99.5%
  • Boston Consulting Group 99.0%
  • McKinsey and Co 98.4%
  • Oliver Wyman 97.9%
  • LEK Consulting 97.4%

Total Avg Compensation

July 2026 Consulting

  • Partner (4) $361
  • Principal (30) $294
  • Director/MD (58) $274
  • Vice President (53) $247
  • Engagement Manager (113) $232
  • Manager (171) $173
  • 2nd Year Associate (185) $142
  • 3rd+ Year Associate (116) $135
  • Senior Consultant (354) $132
  • Consultant (642) $122
  • 1st Year Associate (577) $121
  • 3rd+ Year Analyst (164) $121
  • NA (16) $114
  • Engineer (6) $114
  • 2nd Year Analyst (391) $104
  • Associate Consultant (176) $101
  • 1st Year Analyst (1163) $90
  • Intern/Summer Associate (208) $83
  • Intern/Summer Analyst (634) $68
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...”