So, you’re coming out of [name your favorite top MBA program here] with tons of student loans and want to get a high paying job. Most of friends are either going to banking or consulting, and you’re not sure what to do.
If you cannot decide between I-Banking vs. Consulting, it means you don’t know much about either of these industries. These professions will put you in a very different career paths. It’s better to talk to bankers and consultants to make any decision.
I-Banking is top-notch pay, longer hours (up to 100+ per week), more quantitative oriented work, usually less travel.
Consulting offers decent pay, long but manageable hours (about 60 per week), balance of quant and qualitative works and more travel.
Here’s a funny video for the battle of the two most coveted post-MBA jobs.