Dear WSO,
I am a rising sophomore pursuing an IB role. The thing I have here and can't really conclude by myself is that I just can't "decide" if IB is a better fit for me than MC.
If anyone here have experienced this kind of situations, and managed to make a decision, I'd like to hear what was it that you felt IB is your type.
Thanks,
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Hey WallStreetEagle, what a lonely thread. I'm here since nobody responded ...so maybe one of these discussions will help:
If those topics were completely useless, don't blame me, blame my programmers...
Nice read-through on the MC forum so I'll bump this
Interesting to see this patent difference in answer rate between IB forum and MC. Does this suggest that those who choose MC always have considered IB before whereas those who go for IB don't even consider MC?
IB recruits earlier. by the time u get an IB offer MC has barely started, if at all.
1) BB IB comp, at least for Analyst through to Associate, is almost double that of MBB MC. Unsure about comp data for NA/EU, but this is the case for SEA. Kids who care more about early compensation will naturally flock to IB.
2) If not for BB IB, a huge list of MM and even smaller boutiques still pay way above average salaries. There is a certain safety net knowing that even if you don't make BB IB, getting into a lower-tier place will still pay well. This is not the case for MC where, aside from MBB and the second tiers like OW/LEK/ATK etc, salaries at smaller boutiques (even Big 4 consulting here) are on the lower side
3) there's simply more headcount for IB compared to MC. Coupled with a greater repeatability and availability of prep material/interview questions, there's a greater success rate for kids gunning for IB than MC.
For me it was basically odds - yes I do agree that MBB consulting gives a broad and more varied experience versus banking but there is a substantial drop off in quality and many BB/EBs provide better exits into corporate (and obvs PE) than big 4 consulting/some of the other tier 2 consulting shops.
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