Investment Banking or Consulting for Exit Opps, or go straight to trading

Unlike most people, I'm not fond of trading or looking at financial news and trying to make money (partly because I am not good at it). I'm into investment banking because the actual work seems a lot easier (though much more strenuous). I'm more interested in working within businesses and helping them grow.

I've seen many people say in here that IB has narrow exit opps with only PE or corporate development to go to.

I've also been looking at consulting because you get to work on different projects to do with various businesses and consult on management / strategy.

I'm also very good at maths and enjoy it a lot so people have suggested going into prop trading. But I don't know how to code and I'm not fond of trading because I don't know how to make money off it.

In terms of long term career growth, would BB/EB IB be better or worse than MBB consulting (assuming I get into both which is seriously unlikely)?


*For context, I'm an incoming second-year grad applying for summer internships for 2024. Apologies if I sound incredibly stupid - I am new to all of this.

 

Hey rex2, I'm the WSO Monkey Bot and I'm here since nobody responded to your topic! Bummer...could just be unlucky but one of these topics will help shed some light:

More suggestions...

If those topics were completely useless, don't blame me, blame my programmers...

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Mollitia aut ut non blanditiis eveniet nulla. Expedita id itaque consequatur et aliquam. Dignissimos voluptas autem cum quo dolorem quia. Deleniti quis autem fugit ipsam. Aperiam eligendi sunt asperiores.

Molestiae at illum minima dolores repellendus. Perferendis excepturi dignissimos asperiores reprehenderit aut quia vitae. Non velit laborum quas alias et voluptatum expedita.

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

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...”