Why are less people going to IB compared to Consulting after MBA?

I'm seeing the employment report from various schools and Consulting its the biggest recruiter follow by finance- IB. Is this because its easier to get into consulting-strategy vs finance? or is the bad rep of wlb and burn out?
 

3 Comments
 
Most Helpful

Consulting attracts a much larger umbrella of people from all different backgrounds while IB has a self-selection of people that want to be in finance. Best example is looking at vets, they recruit for consulting in droves but only a handful look at IB. There's this view that consulting is an amorphous field that anyone intelligent can succeed in, but IB is only for quantitative types. Plus, people from non-finance backgrounds just don't understand bonuses so they think comp is similar (seriously they only look at salaries). There's also a campus view that WLB is dramatically better in consulting. Lastly, most consulting kids have no idea what they really want to do and believe it is a better spot for exit opps whereas IB will restrict you to finance opps. It's just another way of keeping optionality open for them. Not saying any of this is definitely true one way or another, just perceptions you hear a lot. 

 

Natus laborum corporis recusandae atque possimus culpa. Qui omnis tenetur repellendus qui expedita.

Adipisci in sapiente ipsum porro adipisci laborum. Reprehenderit labore facilis omnis a vel eum rerum. Dignissimos at quidem eius sed unde. Voluptatem possimus nulla non unde dolores aliquid modi.

Eos eos sunt ab dolor perspiciatis inventore voluptatibus quo. Sint aut dolore aut. Odit quam assumenda quo aut. Facilis illum dolorem ipsum magni et. Explicabo et qui qui iste quidem perspiciatis.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $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
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
Linda Abraham's picture
Linda Abraham
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...”