choosing between offers vc and consulting

Apologies for not organizing my thoughts here, hopefully this bullet dump has some info that's useful to you. For context, I've been in strategy consulting for a few years and have a good number of friends in VC* (edit: wrote PE at first) that have offered to refer me but I reached the conclusion it's not for me

• FYI, exiting MBB to VC is something that can happen, so choosing MBB doesn't lock out the future prospect of VC
• Strategy consulting might represent the best early career training of any career (I don't mean formal training, I mean the mentorship model of the job and the way projects are structured is insanely good for learning fundamental career skills) -- my friends in VC (and PE for that matter) have noted that the training itself is a lot weaker (note -- this is probably why most VC/PE firms don't have opportunities for entry level undergrads)
• VC hours may be a bit better, but it's not more 'sustainable'. Most VC jobs are a couple years then you're fired. In contrast, 'up or out' in consulting doesn't really become a big issue until you're a manager unless (a) you're really bad, (b) your firm overhired big time, (c) the partners are doing a bad job selling work
• Consulting will give you exposure to big behemoth companies, vs VC which will provide exposure to startups or smaller companies. If you're somebody who is really interested in startups, I'd lean VC
• You mentioned comp is slightly higher -- keep in mind that consulting comp is pretty much 2x entry level after your first promotion which will happen in ~2-3 years
• Consulting and VC both have a lot of  BS, but it is different types of BS. Consulting's BS will tend to be in spending a lot of time on work you don't feel is important, vs VC's BS which is a lot of schmoozing and 'networking events' type of stuff

My overall perspective: You can't go wrong here. If you know you're interested in VC or startups, take the VC job. If you're still learning what you're interested in, pick MBB and maintain excellent optionality (including optionality to VC). The 'consulting toolkit' you develop will benefit you for the rest of your life. Consulting also isn't a long term commitment -- most people do it for a few years then bounce once they develop a stronger sense of what they're interested in, so long term sustainability really should not be a consideration

Again apologies on the lack of structure - hope this helps