Hi all,
I am trying to better understand pros and cons of a career in IB (Tier 1) / Consulting (MBB) / PE (Mega fund)to summarize my understanding so far I would say the following:
Work culture Consulting has the best culture, IB the worse. PE culture really depends firm on firm (and fund on fund), however would generally rank it in between PE and IB, mostly given the fact that it is not a client driven work
Career / Salary consulting- essentially learning to solve problems in the shoes of every c-level (CEO, CFO, CMO…) - become a good problem solver in any situation, great to become an executive. Assuming in an MBB it is also a quite secure career, given that clients come primarily due to the company name (of course this in comparison to being a boutique consulting firm). Consulting gives greatest exit opps (even directly MD at PE or IB). Fastest career compared to PE and IBIB - great pay, quite automatic career progression up to VP / Director. Again, given bulge bracket name clients are inherited from seniors (not as tough as running own boutique).PE - best pay. Career not as "easy" as other two options given it is based more on performance. Longer careers path, really really hard to make MD. Would you agree that one wrong investment could ruin a career?
Job interest This one is quite subjective but would you agree that PE gives most independence and ownership. Very little slides or analysis requested by the client and carried out without thinking to much. Hence likely most stimulatingconsulting gives greatest flexibility, allowing to move position, team and office quite easily. PE gives the least flexibilityMost creative of the three appears to be PELet me know what you think and if missed anything important
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