Sage-Tips

Do investment bankers earn more than management consultants?

One ex-McKinsey consultant who now works in investment banking says partners in consulting firms earn more than bankers. He also says that if you look at the median compensation of consultants with 15 years’ experience versus that of bankers at the same level, consultants will come out on top.

Are consulting and investment banking similar?

Management consultants often work on a case-to-case basis helping companies become more organized and efficient, entailing a great deal of travel and long hours. Investment bankers also work long hours but tend to stay in their office and help bring securities to the market or assist in M&A deals.

Can you go from investment banking to consulting?

Yes, you can move from IB to consulting – I helped a few people with the transition. You have two main options: Move after 2 years – you will join as Analyst (McK) / Associate (BCG, Bain). You should be able to negotiate at least 1 year tenure.

Is it harder to get into McKinsey or Goldman Sachs?

Getting into Harvard. Getting hired by McKinsey. Getting hired by Goldman Sachs. Getting elected to public office.

What are the best investment banking firms?

– Goldman Sachs & Co. – Morgan Stanley – J.P. Morgan – Evercore – Centerview Partners – Lazard – Moelis & Company – Bank of America Corp. – Credit Suisse – PJT Partners

Is investment banking a stressful job?

Investment banking is inherently a stressful job – there are tight deadlines, difficult personalities to manage both upstream and downstream, numerous uncertainties and various situations where serious judgment calls must be made – even at the junior level.

What are the positions in investment banking?

The career of an investment banker progresses along a fairly standard path. Investment banking positions from junior to senior: Analyst (grunt) Associate (glorified grunt) VP (account manager) Director (senior account manager, rainmaker in training) Managing Director (rainmaker)

What are the disadvantages of banking investments?

Disadvantage: Returns. The ironclad security of bank investments, whether in accounts or CDs, is balanced out by the painfully low returns on these financial services. Checking accounts earn no interest; savings accounts earn a very small amount, usually amounting to 1 or 2 percent.