IB vs Consulting hours
Just want to clarify something since so many people have been saying that Consulting has way better hours than IB.
Aren't most consultants away from home from Mon-Thurs which is 90+ hours away from your home and family. Not all of these hours are "working" hours but nonetheless, you're still in a random city in a hotel disconnected from your friends and family and away from the comfort of your home. You also have to count the work they do on Friday as well as additional weekend work that may come up once you're past the analyst level. Some IB groups like ECM/DCM/ GENERALLY have 60-70 hour weeks with minimal weekend work which improves as you gain seniority which also beats out the consulting work-life balance.
Secondly, in banking, a VP works less than an analyst though in consulting, principals and partners work longer than managers and analysts so if you're in consulting for the long-run your life is only going to get worse.
To me, it seems that Consultants really get the short end of the stick when looking at work-life balance in the realm of high-paying, high-stress jobs. Even other industries like Biglaw or Tech have shorter hours than what a consultant has to face every week.
Am I looking at this the wrong way?
.
he's likely referring to capital markets in general.
My bad, wrote that cause I'm used to bunching the three together when referring to the capital market IB groups. Fixed now
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