Consulting vs IB dilemma
So,
I am in this dilemma which many people have had and numerous discussions have been posted about. (consulting vs Investment Banking)
But, now this is no longer theoretical as I am deep in the process with a number of firms and the firms that have people and the environment that I feel I would truly enjoy working in are mainly in consulting or a few EB IB.
I also enjoy the work that I do during case prep and in consulting clubs which leads me to believe that I would likely thoroughly enjoy the work as a consultant out of undergrad.
That being said, right now my goal is to work in PE after the 2 years in consulting or IB. But, I know that this is a much more linear process from IB. But I know that MBB and some of the Tier 2 consulting firms do have exits into UMM/MM and even a few MF. LinkedIn searches and talks with people at these firms have confirmed this. But, I don’t know if this was a chance thing or something that is fairly possible for any consultant at these firms.
I may also want to work in another industry like Tech which I know consulting leaves open, so this makes me more inclined to chose it will all the other considerations.
So I guess my main question is, would it be ill advised if I chose consulting over IB at a BB or EB? Particularly with my interest in Private Equity?
IMHO
When you say that you want to work in tech, in which roles do you mean? If you are thinking about Product Management and similar jobs then consulting, I think, is the better choice. Obviously, for PE you should choose IB.
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