Wrong decision?
May 03, 2015
Career Resources
Career Advancement Opportunities
July 2026 Consulting
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Boston Consulting Group 99.5%
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Bain & Company 98.9%
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McKinsey and Co 98.4%
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Oliver Wyman 97.9%
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LEK Consulting 97.4%
Overall Employee Satisfaction
July 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 and Co 97.9%
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Oliver Wyman 97.4%
Professional Growth Opportunities
July 2026 Consulting
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Bain & Company 99.5%
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Boston Consulting Group 98.9%
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McKinsey and Co 98.4%
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Oliver Wyman 97.9%
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LEK Consulting 97.4%
Total Avg Compensation
July 2026 Consulting
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Partner (4) $361
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Engagement Manager (113) $232
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Senior Consultant (355) $132
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1st Year Associate (577) $121
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3rd+ Year Analyst (164) $121
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NA (16) $114
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Engineer (6) $114
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2nd Year Analyst (391) $104
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Associate Consultant (176) $101
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1st Year Analyst (1164) $90
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Intern/Summer Associate (208) $83
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Intern/Summer Analyst (633) $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...”
Leaderboard
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98.9 |
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98.9 |
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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...”
You're a sophomore, you've got time. Get a SA during your junior year and you'll be just fine for FT. I highly doubt that any bank is going to look down on you for taking a consulting internship after your sophomore; most, if not all, will see it as a plus that you got an internship and worked hard.
Thanks for your response. Sorry for not being very clear, but I'm actually in the UK so it's my penultimate year of a 3 year degree, will it be possible to get a summer analyst role within an Investment Bank in my final year?
Thanks
Ahh, that is a bit different. I'm sure it's been done but it may make more sense to try to get an internship by cold-calling in the fall. You can also start networking now and try and get interviews through that. I know that works for some in the States.
Either way, strategy consulting isn't a bad gig and you can always try to get in after a post-graduate degree. Good luck!
Thanks for your response, I'll definitely look into that.
From Australia which also has the 3 year degree. Guessing it's somewhat similar here - obviously more difficult to get to banking full time if you haven't interned in ib, but definitely doable - I know of people who went from consulting internships to banking full time through graduate recruiting.
That's good to hear. Do you know what these individuals did to transition into banking after there internship. Reading? Networking? etc. Thanks for your help.
To be perfectly honest networking isn't very important in Australia and I am guessing the uk as well, where you apply online rather than through on campus recruiting (in Australia - is this the same in the uk?). In that regard, reading and studying is a huge must because you need to, above all else, demonstrate a really good reason for why banking - reading, following deals etc can only help with this. That being said, I would make a real effort to network if I were you - the fact that it's not that important is precisely why it is extremely effective; if you get in front of people, they will remember you/value the effort. You should definitely have time to network during your internship - I networked plenty during my ib internship and I don't imagine your hours will be more demanding.
Out of curiosity, what is your thought process/why are you having so much trouble choosing between the two? They are fundamentally different jobs
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