Do consultants make more than investment bankers?

Depending on specific locations, the exact salary may be different, but generally Investment Bankers make 30-40\% more income than Management Consultants with similar tenure. Investment bankers work considerably more hours (~90-100/week), roughly 50\% more than a consultant (~60-70/week).

Can you move from investment banking to consulting?

Yes, a move from IB to consulting is possible, as there is a strong overlap in the skillset. So yes, you have a decent shot at it if you prepare for the interviews well.

Does your major matter for investment banking?

Banks indeed hire from all majors, and some majors are more relevant to finance than others. But those points ignore the true importance of your major: allowing you to earn good grades while appearing competent and intelligent and gaining a useful skill set that gives you alternate career options.

Should I go into consulting or investment banking?

There is generally a 20\% – 40\% pay difference between banking and consulting at all position levels. If compensation is an important role in your decision making, banking might be a better option. Job Security: Consulting is more secure. Job security in consulting is much less cyclical than banking.

What are the benefits of management consulting and investment banking?

One of the biggest draws to management consulting and investment banking is the ability to earn a lot of money. Even better, new associates routinely earn over $100,000 during their first year out of school, often holding only a bachelor’s degree.

Is investment banking a good career for first year employees?

Neither career ranks highly for work/life balance, particularly during an employee’s first few years. Those seeking a nine-to-five gig, weekends off, and four weeks vacation the first year should look elsewhere. The typical week for a first-year investment banker runs between 75 and 100 hours.

What qualifications do you need to work in investment banking?

Those interested in investment banking should strongly consider pursuing an MBA or other professional qualifications. Great people skills are a huge positive in any banking position. Even dedicated research analysts spend a lot of time working as part of a team or consulting clients.

What do classics majors study?

Students who major in classics study the cultures of ancient Greece and Rome from a number of perspectives.