Got asked: Why not consulting?
What would you guys respond when you are asked why aren’t you interested in consulting? Or corporate?
I got asked this question after I answered the “Why IB” question.
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Probably somewhere along the lines of "I thought about consulting for quite a while, and although I do think it is interesting, I have always been more interested in the financial aspect of the business rather than the operational." It doesn't really matter all that much as long as you don't give the recruiters a completely retarded answer.
Thank you
This is the best answer. Down below TomFord's answer is also good but a little more muddled. Consulting is arguably more goal-oriented since you're working toward a scope of work vs. strategic pitches / open-ended coverage.
For extra credit, ideally you can also make it a bit personal versus boilerplate stock response. "I have had the chance to network with classmates who have done both and after meeting [Person X] who worked at your bank and getting to know what he did during his internship, it further solidified that this is what I want to do..." etc. etc. some anecdote like that. Plus you can connect this seamlessly to "why this bank" without having to be prompted.
Answer the same as why IB. Even if they just asked you why IB.
Capital raising can be one of the most transfromative processes for any company. Consultants can not raise capital.
Too qualitative in nature
missing out on hard excel/financial modeling skill development
like the execution aspect of IB where you can directly see result's of your work
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