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?
NYU employment report for their MBA class of 2023. Top again consulting. Is it getting harder to get into IB or is less people interested in?
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.
Eum ad qui sit rerum beatae. Quidem ex maiores consequatur. Sint sed adipisci commodi quis sit consequatur. At recusandae minima nemo temporibus tempore adipisci consequatur. In voluptas velit alias voluptas. Et libero inventore cum eos quis consequatur. Autem fuga illo tempora in quidem.
Magni animi beatae tenetur distinctio. Corporis voluptas illum distinctio debitis quisquam ut. Ut aut totam aspernatur vel fugiat expedita praesentium.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...