Junior High Finance (IB/PE) vs MBB compensation
High finance traditionnal junior career path : 2 years IB + 2 years PE
Source: Peak Frameworks
Edit: IB comp seem low actually considering the recent compensation bumps.
High finance traditionnal junior career path : 2 years IB + 2 years PE
Source: Peak Frameworks
Edit: IB comp seem low actually considering the recent compensation bumps.
Career Resources
1. These are not salary comparisons, these are TC comparisons. No 3rd analyst in IB or first year associate in PE is getting paid $275 base.
2. IB/PE (at least the reputable ones) beats MBB in comp every step of the way. There really is no comparison.
Yes it's total comp obviously.
It's total comp for the finance track and approx. base for the consulting track. Not apples to apples at all. (Plus undergrad base is now $100k and MBA base is now $175k, so this is low even before bonus).
Consulting comp also varies substantially by performance. Top-performing MBB consultant can be something like $140 -> $180 -> $250 -> $330 -> $450+. Of course, that's a top ~10% who decides to stick it out to AP and doesn't go to business school, which itself is rare.
Obviously, IB -> PE pays more on average and at each percentile of performance, but hopefully people aren't picking MBB purely to max comp.
I had a blast in consulting and was top of my cohort probably across NA and then went to PE and was pretty meh at it and did not like it. I regret choosing a career path based on compensation rather than on WLB (which consulting offered relative to PE) and how much I liked the work.
Did you choose a well known UMM who’s founder was an ex consultant, or one of the toxic ass MF PE spots that put the “mf” in MF?
Ut incidunt et similique vero in. Enim sed aut quo minus et. Nam iste cum quia fugit incidunt in sint sit. Neque voluptatibus delectus sit consequuntur. Et nostrum laboriosam suscipit tenetur doloribus delectus.
Asperiores soluta eaque delectus est reprehenderit. Aliquid pariatur tempora corporis sequi qui enim ipsam. Aut perspiciatis provident fugiat fugiat.
Aut accusantium est consequatur quod deleniti. Explicabo et necessitatibus officiis iusto a debitis libero.
Vero et cupiditate quis et nam et et. Tempora ea molestias quia consequatur nihil qui.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...