IB M&A vs. Consulting M&A - Salaries?
What’s the average difference for an AN1 salary in M&A? Is consulting that "bad" as I often hear around when talking to banking folks?
What’s the average difference for an AN1 salary in M&A? Is consulting that "bad" as I often hear around when talking to banking folks?
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Answer w.r.t London:
Pro rata diff of 15k. Bonus diff of 20k. Total comp diff of 35k.
Take that with a pinch of salt but it s basically what s what.
Consulting is probably closer to 80-90k base with an 5-25% bonus, whereas IBD is close to 100-120k base and 25-75% bonus.
Huge difference in comp and hours. IBD is typically 70-80 whereas M&A consulting is much closer to 60. Salary will grow much faster in IBD as well, but the burnout rate is much higher.
M&A consulting can be valuable experience, but it can also be pretty meh, and it is a very vague term.
Thanks for your answer. May I also ask what’s the typical career track in consulting? Is there anything like AN1/2 -> Associate … ?
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