Quant vs consulting vs swe vs ib salary

Lets say 4 people were to get an offer from and work at the top tier firms in each of these industries (JP/GS/MS;FAANG/JS/TS;Big4) for the long term, excluding PE, which sector would make the most after 10 years? Assuming the same performance rate, do the salaries increase at approx the same rate? This is just out of curiosity/for fun, was talking to some friends about their respective industries and future $$.

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (6)

  • Investment Manager in HF - Other
Sep 25, 2020 - 5:29pm

If quant is quant research/PnL impacting then "good" there is making PnL which will have the most runway. That being said there are risks of going to a place where you are silo'd and get capped. But managing your own book will have the highest return. The problem here is that the risk is so much higher (but if you assume good means making money and with a job then yes it'll make more but that is so much harder than being "good" in other industries). 

  • Principal in Consulting
Dec 3, 2020 - 7:19am

What level of 'performance' are they operating at ? Are they bright individuals who are capable but unexceptional. Or are they exceptional in their fields? solving problems, sourcing deals, driving revenue in meaningful ways?   Those two cohorts won't end up at the same number for a wide variety of reasons. The former you can find data points with a quick google search. The latter.... that's where it's interesting. 
 

that you're asking this question at all suggests  you're thinking about the former and that's rather depressing when you think about it... 

Dec 4, 2020 - 6:22pm

Can't really include Quant against those other 3 because it really makes no sense it is completely different. To answer your other question I would say IB is the highest, then consulting, then SWE. SWE doesn't have a ceiling cap as high as Consulting or IB

Start Discussion

Total Avg Compensation

August 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (36) $363
  • Associates (210) $232
  • 2nd Year Analyst (121) $152
  • 3rd+ Year Analyst (28) $146
  • Intern/Summer Associate (102) $144
  • 1st Year Analyst (449) $132
  • Intern/Summer Analyst (358) $82