Consulting vs Industry
I recently was chatting with a friend who signed with a FAANG-style tech firm in their corporate finance division (non-tech) and after we comparing our internship and projected FT comp (B4 consulting), I started doubting all of the consulting kool-aid that I had been drinking. After factoring in her tech firm's living stipend, his compensation blew mine out of the water, and the difference in our projected FT comp would be negligible-before accounting for her options, despite all the travel and extra hours consultants put in.
All of this to say-is consulting is really worth sacrificing the extra work-balance if you plan on exiting to an MBA or the corporate world anyway? I've always been told that a year in consulting is worth two in the industry, and the quality of exit options make the hit to work-life balance worth it. But wouldn't a high-performing industry analyst rise quickly within the firm as well, and have great MBA options as well, especially if you plan on staying in said industry and building directly relevant skills and connections?
I'd love to get some advice from you guys for FT recruitment since you guys have more concrete experiences and anecdotes. Obviously, being able to leap up to MBB would add more pros to the consulting side, but even then, the tradeoffs seem questionable. Being non-tech at a tech firm is a con.