MBB vs. Top Hedge Fund Generalist Internship
What are thoughts on an internship at a MBB consulting firm in an office other than New York, Boston, SF versus a “generalist” internship at a top notch Hedge Fund?
Oct 10, 2019
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Career Resources
Career Advancement Opportunities
October 2026 Consulting
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Boston Consulting Group 99.5%
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Bain & Company 98.9%
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McKinsey & Company 98.4%
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Oliver Wyman 97.9%
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LEK Consulting 97.4%
Overall Employee Satisfaction
October 2026 Consulting
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Cornerstone Research 99.5%
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Bain & Company 98.9%
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Boston Consulting Group 98.4%
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McKinsey & Company 97.9%
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Oliver Wyman 97.4%
Professional Growth Opportunities
October 2026 Consulting
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Bain & Company 99.5%
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Boston Consulting Group 98.9%
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McKinsey & Company 98.4%
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Oliver Wyman 97.9%
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LEK Consulting 97.4%
Total Avg Compensation
October 2026 Consulting
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Partner (4) $361
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Principal (30) $294
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Director/MD (59) $274
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Vice President (53) $245
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Engagement Manager (114) $233
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Manager (171) $173
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2nd Year Associate (185) $142
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3rd+ Year Associate (116) $137
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Senior Consultant (355) $132
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Consultant (642) $122
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3rd+ Year Analyst (164) $121
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1st Year Associate (577) $121
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NA (16) $114
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Engineer (6) $114
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2nd Year Analyst (393) $104
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Associate Consultant (176) $101
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1st Year Analyst (1170) $90
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Intern/Summer Associate (208) $83
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Intern/Summer Analyst (641) $68
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...”
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From 10 rejections to 1 dream investment banking internship
“... I believe it was the single biggest reason why I ended up with an offer...”
Generalist or not, doing an HF internship will limit you to HFs for the most part. MBB gives you the chance to pivot to other areas later (Corporate, IB, PE etc.). If you want to be in finance/HFs then go for it, if you're unsure as to what to do go with MBB.
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