Option 1: Banking -> MBA -> Consulting OR Option 2: Banking -> Consulting -> MBA

Finishing up my 2nd year as an IB analyst in NYC at a solid shop. I know I want to switch to consulting, and I know I want to get my MBA. Should I stay in banking a couple more years then get an MBA and go into consulting after (option 1)? Or should I lateral to consulting now, before getting an MBA (option 2).

Options 1 Pros:
- Make more money in the near term as an associate in IB (Associate promotion this summer)
- Continue with a lifestyle I am very happy and comfortable in

Option 2 Pros:
- Potential for consulting firm to sponsor my MBA (saves money + pressure of landing a job afterwards)
- Start my career in consulting earlier

 

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