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I've met a lot of Big Four consultants going to M7 schools. I went to this one birthday party for a lady from Wharton and half the people there were Wharton MBA students who hailed from Deloitte. There were also two PwC ladies. I'm not 100% sure, and someone at a Big Four firm may correct me, but I'd think advisory would be just as helpful at getting into b-school.

If you move from advisory to a support role at a BB, you've now moved from a less-glamorous-than-IBD front office role to a less-glamorous-than-IBD IBD support role. You may also be pulling more hours. So how much more are they paying you to do this? Or are they just dangling vague promises of IBD in front of you?

I think both roles are equally interesting, but the question is what gets you into B-school and who are you competing with. Coming from advisory at KPMG means you are close to the front of the line for CPAs and Big Four people at Wharton and perhaps on track to get an IBD Associate job if you get an M7 MBA. Coming from an IBD support group at Morgan Stanley means you are behind all of the BB IBD people in line for Wharton or MBA business schools ">M7 admission.