5 answers
Alanis
Student
Newark, New Jersey
1
Question
5 answers
Matei Balalau
Summer Analyst
1
Answer
London, England, United Kingdom
Updated
Matei’s Answer
In the world of Consulting, you'll enjoy a more laid-back schedule, working around 50-60 hours per week. On the other hand, Investment Banking demands a hefty 80+ hours. There's a significant difference in salaries and bonuses between the two fields. Consulting focuses on providing strategic advice to clients, such as guidance on entering new markets or identifying synergies in potential mergers. Investment Banking, however, is more financially oriented, advising on acquisitions and determining company valuations.
Gabriel FRAPPÉ
Intern
5
Answers
Paris, Île-de-France, France
Updated
Gabriel’s Answer
Both are kind of consulting, I would say starting in Investment Banking could allow you to have the possibility to go after in a consulting firm when the contrary is more complicated as consultants have a more general view of businesses while investment banker are more specialists. I would like to say in IB could give you a better salary I think...
Aleksandra Just
analyst, student
1
Answer
Warsaw, Masovian Voivodeship, Poland
Updated
Aleksandra’s Answer
Both are pretty time consuming. As I was facing the same dilemma, I advise You to attend various workshops from both of the fields to find out what seems more interesting to You. Moreover, You may try to find 3-months internships so as to find more. From my experience, working in consulting gives bigger possibilities of using Your soft skills. It totally depends on Your abilities and preferences :)
Andres Zepeda
Internal Audit Intern
21
Answers
Vancouver, British Columbia, Canada
Updated
Andres’s Answer
Questions like this always depend on yourself as a person sadly, answers online are quite limiting. But here is a method I often recommend:
1) On one side write down all the pros to one side of your decision, on the other, the pros to the other decision (or cons of the first).
2) Give weights of importance to each of these
3) Note you can give a small bias of preference or safety to one of the decision options
4) add up all the weights on a side and look at which is higher, if both options are equal... then there's no wrong choice out of two good things
Talk with people from the fields you are interested in, ask them what they think a successful person would look like in their role, or what they wish they knew before they started. You'd be surprised with how many people are willing to help.
1) On one side write down all the pros to one side of your decision, on the other, the pros to the other decision (or cons of the first).
2) Give weights of importance to each of these
3) Note you can give a small bias of preference or safety to one of the decision options
4) add up all the weights on a side and look at which is higher, if both options are equal... then there's no wrong choice out of two good things
Talk with people from the fields you are interested in, ask them what they think a successful person would look like in their role, or what they wish they knew before they started. You'd be surprised with how many people are willing to help.
Miguel Dorado
Stock Broker
8
Answers
London, England, United Kingdom
Updated
Miguel’s Answer
Both fields have their similarities, but if I had to pick, I'd lean towards investment banking. Not only does it usually come with a higher paycheck, but it could also provide a stronger launch pad for future career growth.