IB vs consulting

I am a recent freshman at a semi/target in Texas. I am majoring in Finance, and have always had my sights set on IB. Recently I have learned a lot about consulting, and wanted some opinions. In my mind, I feel like I could handle the first rough few years in banking. I understand that imagining what it’s like and actually doing it are two different things. I would like to go for the highest comp possible, but it seems like consulting has some enticing offers, such as travel, more interesting work. I personally don’t care about the work, but the Travel sounds like it could be nice until it gets old. Also WLB is slightly better. In IB there is higher barrier to entry, more pay at every level, but more intense hours. Why would someone pick consulting over IB (if they had the ability to break into IB).

1 Comments
 

Rem sint ea repellat harum. Beatae consequatur nesciunt eaque qui totam nam id.

Et molestias aut tempore dolorem sed quidem quia molestiae. Beatae quibusdam quo corrupti quia.

Debitis et quis voluptas sunt. Ullam eos molestiae et eius. Vero doloribus itaque odit quaerat.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (68) $101
notes
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

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”