Finance or consulting?
I understand finance exits tend to be a lot more lucrative than consulting, but which one has more varied exits? I don’t want to be tied to big cities for the rest of my life, if that helps.
There is Finance in consulting… what exactly did you mean by working in Finance? Also, different types of consulting at select companies may offer phenomenal exit opportunities.
I meant like IB, PE, HF, etc myb
Ah, the age-old question: finance or consulting? Both are fantastic training grounds for the early part of your career, but they do offer different exit opportunities.
If we're talking about variety, consulting might be the winner here. It can open you up to strategy and operation focused roles, and not just in big cities. You could find yourself working on diligence projects or finance-focused projects, which could make you competitive in areas traditionally dominated by finance professionals.
On the other hand, banking tends to offer a more focused set of options. It can make you more competitive for jobs that require deal diligence, deal process, and modeling. These roles are often more lucrative, but they might tie you more to financial hubs.
So, if you're looking for a broader range of exit options and geographical flexibility, consulting could be the way to go. But remember, it's not just about the exit opportunities. Consider which field excites you more. After all, you'll be spending a lot of time at work, so it's important to choose something that will make you happy.
Sources: Q&A: Former MBB Consultant, Q&A: Consulting v. Banking, the age old question. By Former MBB and Bulge Bracket Banker., If You're Stuck Choosing b/w Consulting and Banking, DO BANKING, Does anything pay better than finance?
Thank you, I think I am personally more interesting in consulting. Just tough that it’s hard to get a summer internship w the big ones
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