Investment Banking vs. Management Consulting (Thoughts From A Former Banker & Consultant!)

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⏱Timestamps⏱
0:00 - Introduction
0:46 - The Firm Hierarchy
2:27 - What You Do in Banking
3:38 - Financial Edge Sponsorship
4:33 - What You Do in Consulting
6:06 - The Pros
9:19 - The Cons
11:17 - How You Can Decide

🎥My Other Videos🎥
Crazy vs. Easy Week in Banking: http://youtu.be/watch?v=-DNtDWhYQXs
My Role During a $6.1BN M&A Deal: http://youtu.be/watch?v=TjjKFnMH1TI
J.P. Morgan Recruiting Secrets: http://youtu.be/watch?v=Pg7iMmylLZ8
Why I quit investment banking: http://youtu.be/watch?v=hQfLWritg9s
Day in the Life of an Investment Banker: http://youtu.be/watch?v=2Vm-bmlt55A
How Much do Bankers Make?: http://youtu.be/watch?v=IbiwN2gDkWc

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✏️Description✏️
In this video, I compare the industries of investment banking and management consulting. I discuss the firm hierarchy for banking (and where firms like Goldman Sachs, Morgan Stanley, J.P. Morgan, Evercore, Qatalyst, and more rank) vs. consulting (and where firms like McKinsey, Boston Consulting Group, Bain, Deloitte, and more rank). I also provide insights on the pros and cons for each industry, discuss the lifestyle, and criteria on how you can decide.

🔎Disclaimer🔎
All content in this video is for entertainment purposes only. I am not a professional financial advisor and my statements are not to be taken as instructions or directions. In addition, some of the links above are affiliate links, meaning that at NO additional cost to you, I may earn a commission if you click through and make a purchase.