we have free weekends and a decent proportion of managers who care about maintaining wlb (not all of them, but enough). in banking, you might have lulls between live deals but even the best managers arent going to be afraid to hit you with a pls fix at 11pm due by 2am

 
Most Helpful

I did BB IB before consulting (post-MBA).

My worst weeks in consulting have been comparable to slightly worse than average weeks in banking. The crappy end of banking is immeasurably worse than consulting.

There are structural factors in consulting that just generally prevent it from getting that bad except in very rare cases - the biggest one being that at a junior level, you are only ever on a single project at a given time. Your manager has full visibility into what you're doing, which means you can work with them to manage your capacity. Some of my worst weeks in banking were caused by multiple deals spiking all at once, resulting in me getting totally crushed. This just doesn't really happen in consulting.

Consulting isn't all rainbows and sunshine and has other downsides relative to banking (the biggest one being pay). But if the dimension you care about is WLB, consulting absolutely wins 99 times out of 100.

 

Yea I will add on to this that YMMV, I went from consulting to large cap PE and the differences are mostly psychological.

Not being able to step away from my computer on weekends because I might get hit with work at any time in PE is draining, whereas in consulting, my work day stopped at 5/6pm on Friday and started again 9pm Sunday. I could drop off the face of the earth during that time which is very refreshing.


Same with during weekdays; a lot of times my actual pace will be lighter in PE but I am afraid to go for a run for 30 minutes because of the expectation I will be butt in seat ready to work in ~5 minutes upon receiving an email. Whereas in consulting, I could check out for an hour to go to the gym, which was chill.

 

Assumenda et sint quia facilis voluptatibus deleniti aspernatur sint. Est esse aliquam et voluptas iusto quam. Modi dolorum excepturi fugit iste sapiente qui. Non voluptas iste et.

Career Advancement Opportunities

April 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Overall Employee Satisfaction

April 2024 Consulting

  • Bain & Company 99.4%
  • Cornerstone Research 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • McKinsey and Co 97.7%
  • Oliver Wyman 97.2%

Professional Growth Opportunities

April 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Total Avg Compensation

April 2024 Consulting

  • Partner (4) $368
  • Principal (25) $277
  • Director/MD (55) $270
  • Vice President (47) $246
  • Engagement Manager (100) $226
  • Manager (152) $170
  • 2nd Year Associate (158) $140
  • Senior Consultant (331) $130
  • 3rd+ Year Associate (108) $130
  • Consultant (587) $119
  • 1st Year Associate (538) $119
  • NA (15) $119
  • 3rd+ Year Analyst (146) $115
  • Engineer (6) $114
  • 2nd Year Analyst (344) $103
  • Associate Consultant (166) $98
  • 1st Year Analyst (1048) $87
  • Intern/Summer Associate (188) $84
  • Intern/Summer Analyst (552) $67
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

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
98.8
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...”