Corporate banking vs Management Consulting
Lately I've been thinking a lot about alternatives to the IB > PE career path that have a better WLB while still having good earning potential. 60-65 hour weeks with occasional 70+ are okay but consistent 75+ hours a week with the potential of 100 hours is hell. Doesn't get much better in PE.
This made me start to consider Consulting, even tier 2, or/ over M&A/Coverage. But some capital markets groups still work a shit ton and I don't know if I would enjoy the travelling in Consulting.
And then Corporate Banking popped into my head. People already discuss as it one of the best careers but I never really considered it until now. It actually sounds very similar to Consulting in terms of comp and hours right out of undergrad. I think I prefer it because of the lack of travel. However, I couldn't really find much info about career progression or what the comp and hours look like above the associate level in CB which makes it harder to compare and see the difference 5 or 10 years down the line. So I thought I'd ask all of you for this info and your thoughts on this.
Which is the better long term career for someone who wants to make cash moneys while still having a somewhat decent life, Corporate banking or Management Consulting?
With the assumption that you're a fairly competent individual, what does the progression of the comp and hours look like at each stage and in which career is it faster/easier to move up?