Questions about econ consulting and staying for the long haul without PhD

Hi, current sophomore econ/stats major at a target, who just found out about economic consulting and have some questions. I'm more interested in my economics/stats course work over the few finance courses I have taken. 

Most of the discussion around economic consulting on here are the exit opps, or how to get in (gpa>3.5, preferably an honors thesis, statistical programming). Is it not a viable long term career either due to the nature of the work, or the need for a PhD to progress? What about a masters vs MBA? If one got an MBA after several years, what would their comp look like along with the hours? Is remote work an option, or is it still pretty traditional?

As someone who is also interested in traditional clinical trial biostats work which requires masters, definitely pays less but is remote, just trying to learn more about econ consulting to make a decision on what I want to do.

Thanks!

 

Ipsa ea esse molestiae non at. Praesentium quas mollitia aut qui. Minima est qui et nesciunt magni quasi recusandae. Facilis dicta sed iste voluptate aliquid quo vel qui.

Distinctio sed pariatur eveniet et qui. Et accusamus corrupti ut qui dicta excepturi. Et beatae debitis pariatur ullam consequatur vitae.

Iure est et eligendi sit veritatis doloribus est totam. Modi officiis ipsum cum facilis est a possimus architecto. Facilis in pariatur ut provident. Quis minus quidem laudantium unde.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
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...”