Management consulting is the practice of helping organizations to improve their performance, operating primarily through the analysis of existing organizational problems and the development of plans for improvement. Organizations may draw upon the services of management consultants for a number of reasons, including gaining external (and presumably objective) advice and access to the consultants' specialized expertise.
As a result of their exposure to, and relationships with numerous organizations, consulting firms are typically aware of industry "best practices", although the specific nature of situations under consideration may limit the transferability of such practices from one organization to another.
Consultancies may also provide organizational change management assistance, development of coaching skills, process analysis, technology implementation, strategy development, or operational improvement services. Management consultants often bring their own proprietary methodologies or frameworks to guide the identification of problems and to serve as the basis for recommendations for more effective or efficient ways of performing work tasks.
💡 Get the #1 Private Equity recruiting course, which comes with 3-statement LBO model tests, mega fund case studies, and headhunter coverage: https://bit.ly/PF-PrivateEquity
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Finance and consulting are among the two most popular business roles out of school. Both paths are highly coveted for their exit opportunities, salary potential, and exposure to business strategy. In this video, we'll explain what these paths commonly look like, how the salary trajectories differ, and what the exit opportunities are.
0:00 - Overview of Finance and Consulting
4:09 - Investment Banking vs. Consulting Salaries
6:28 - Optionality and Exit Opportunities
8:31 - Expected Value of Recruiting
Peak Frameworks is a business career prep service started by ...
published: 27 May 2021
Investment Banking vs. Management Consulting (Thoughts From A Former Banker & Consultant!)
📈Prep for Banking Recruiting Through Financial Edge📈
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► Audible 30 Day Free Trial: https://amzn.to/3u8aBLq
----------------------------------------------------------------------------
⏱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/w...
published: 08 Nov 2021
Investment Banking vs. Consulting | From a Former Banker & Consultant
Having worked for the same amount of time in both Investment Banking and Management Consulting, I figured it would be a good time to make an honest comparison video with the good and the bad (no sugarcoating here!). Enjoy and subscribe for more weekly content!
Looking to break into consulting/strategy roles? Join a community of people just like you: https://forms.gle/acK4qdJB5PBZP9uR6
FREE 1-month casing roadmap: https://stan.store/matthuang21
Music from Epidemic Sound → use link for FREE 30 day trial https://share.epidemicsound.com/ohdjti
My filming gear:
Camera (just my iPhone): https://amzn.to/3LvSTNl
Portable microphone: https://amzn.to/3sXiHeS
Podcasting mic: https://amzn.to/3LrjOtU
Tall tripod: https://amzn.to/3ZppU3t
DJI iphone gimbal (for cinematic shots): https://amzn.to/3PexT...
published: 16 Nov 2023
Finance vs Consulting | Which Career to Choose?
In this video on Finance vs Consulting, we will do the analysis between a finance guy and a consultant.
𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐁𝐞𝐭𝐰𝐞𝐞𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠
----------------------------------------------------------------------------
The one and only difference in finance and consulting is that the compensation. You would earn a little bit more while starting your Finance career than starting your management consulting career.
But if you stick to your laurel, if you will do well, you will earn much more as a management consultant than a finance professional.
𝐂𝐚𝐫𝐞𝐞𝐫𝐬 𝐢𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐞
---------------------------------
1. Technical analysis
2. Corporate Finance Equity Research
3. Risk Management
4. Private Equity
5. Investment Banking
6. Project Finance
7. Equity Research
8. Quantitative Analysis
𝐂𝐚𝐫𝐞...
published: 08 Oct 2018
Management Consulting Vs Strategy Consulting (Differences Explained)
✅ 𝗙𝗥𝗘𝗘 𝟯𝟬-𝗠𝗜𝗡𝗨𝗧𝗘 𝗖𝗔𝗟𝗟 𝘄𝗶𝘁𝗵 𝗮 𝗳𝗼𝗿𝗺𝗲𝗿 𝗠𝗰𝗞𝗶𝗻𝘀𝗲𝘆, 𝗕𝗮𝗶𝗻, 𝗼𝗿 𝗕𝗖𝗚 𝗥𝗲𝗰𝗿𝘂𝗶𝘁𝗲𝗿 𝘁𝗼 𝘀𝗲𝗲 𝗶𝗳 𝘆𝗼𝘂 𝗾𝘂𝗮𝗹𝗶𝗳𝘆 𝗳𝗼𝗿 𝗮 𝟭:𝟭 𝗰𝗼𝗮𝗰𝗵𝗶𝗻𝗴 ➡ https://bit.ly/4evqAe2
Are you interested in a career in consulting but unsure of the different paths available?
In this video, we explore the key differences between management consulting and strategy consulting and help you determine which career is the best fit for your interests and goals.
✅ 𝗦𝗶𝗴𝗻 𝘂𝗽 𝗵𝗲𝗿𝗲 𝗳𝗼𝗿 𝗼𝗻𝗲-𝗼𝗻-𝗼𝗻𝗲 𝗰𝗼𝗻𝘀𝘂𝗹𝘁𝗶𝗻𝗴 𝗶𝗻𝘁𝗲𝗿𝘃𝗶𝗲𝘄 𝗰𝗼𝗮𝗰𝗵𝗶𝗻𝗴 ➡ https://bit.ly/4evqAe2
𝗢𝘁𝗵𝗲𝗿 𝗩𝗶𝗱𝗲𝗼𝘀 𝗮𝗻𝗱 𝗥𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀:
🔸Case Interview Example - Watch a case be cracked by a former Bain consultant: https://youtu.be/wL5M6BbUZD0
🔸Case Interview Prep - Speed up your case prep with our proven 4-step process: https://youtu.be/bVN2LVj7RZU
🔸Case Interview Frameworks - Learn how to use business fra...
published: 30 Mar 2023
Steve Jobs on Consulting
published: 01 Jun 2020
Management Consulting Vs Investment Banking (Differences Explained)
*𝗙𝗥𝗘𝗘 𝟯𝟬-𝗠𝗜𝗡𝗨𝗧𝗘 𝗦𝗧𝗥𝗔𝗧𝗘𝗚𝗬 𝗦𝗘𝗦𝗦𝗜𝗢𝗡 𝘄𝗶𝘁𝗵 𝗮 𝗳𝗼𝗿𝗺𝗲𝗿 𝗠𝗰𝗞𝗶𝗻𝘀𝗲𝘆, 𝗕𝗮𝗶𝗻, 𝗼𝗿 𝗕𝗖𝗚 𝗿𝗲𝗰𝗿𝘂𝗶𝘁𝗲𝗿* ➡ https://bit.ly/3YogzrN
People say that investment bankers make the big bucks.
But they work all the time.
People say consultants make good money too.
But they’re traveling constantly.
Which is true? Which is the better career option for you?
In this video, we’ll cover:
✅An overview of the investment banking vs management consulting industries.
✅Skills you will develop from working in each.
✅Career paths.
✅Exit opportunities.
✅Salaries.
✅Lifestyle considerations.
✅The recruiting process.
✅And the top 5 signs management consulting might be for you
𝗦𝗶𝗴𝗻 𝘂𝗽 𝗵𝗲𝗿𝗲 𝗳𝗼𝗿 𝗼𝗻𝗲-𝗼𝗻-𝗼𝗻𝗲 𝗰𝗼𝗻𝘀𝘂𝗹𝘁𝗶𝗻𝗴 𝗶𝗻𝘁𝗲𝗿𝘃𝗶𝗲𝘄 𝗰𝗼𝗮𝗰𝗵𝗶𝗻𝗴 ➡ https://bit.ly/3YogzrN
𝗙𝗿𝗲𝗲 𝗩𝗶𝗱𝗲𝗼 𝗥𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀:
Hundreds of online articles on MCO’s website: ht...
published: 14 Dec 2022
The Ultimate Beginner's Guide to Consulting! (Hours, Lifestyle, Compensation, Pros & Cons)
Learn all about consulting, including the top consulting firms, what you do, hierarchy, lifestyle, hours, and compensation.
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published: 26 Feb 2022
The Importance of Explaining Real Estate Forms to Home Sellers
#BusinessGrowth #PersonalDevelopment #RealEstate #ProsperityCollabsPodcast #Temecula #Riverside #InlandEmpire #California #PersonalGrowth #BusinessConsulting #RealEstateSales #RealEstateSuccess #RealEstatePodcast
Visit us on Facebook: https://www.facebook.com/Chris-Mueller-Real-Estate-Business-Consultant-100201035556027
Chris Mueller, Real Estate Coach/Consultant
Keller Williams Riverside/Temecula
(951) 776-5700
[email protected]
published: 05 Aug 2024
Is Consulting More Intellectually Stimulating Than Investment Banking?
Which is more intellectually stimulating? Consulting or IB? In this video I give my unfiltered thoughts - let me know if you resonated with any of the topics I discussed in the comments!
I make these videos because I wish somebody had made these for my younger self. Subscribe for $0 and don't forget to DEMOLISH the like button!
Day In The Life As A Management Consultant in NYC: https://www.youtube.com/watch?v=38EGwW_XsNY
3 Life-Changing Lessons From Quitting Investment Banking: https://www.youtube.com/watch?v=eFrKrpp-uE8
Is Consulting more Sustainable than Investment Banking? https://www.youtube.com/watch?v=GxZGW0RSzNw&t=163s
Visit this link to get your FREE 1-month casing roadmap: https://stan.store/matthuang21
Music from Epidemic Sound → use link for FREE 30 day trial https://share.e...
💡 Get the #1 Private Equity recruiting course, which comes with 3-statement LBO model tests, mega fund case studies, and headhunter coverage: https://bit.ly/PF-...
💡 Get the #1 Private Equity recruiting course, which comes with 3-statement LBO model tests, mega fund case studies, and headhunter coverage: https://bit.ly/PF-PrivateEquity
📚 Free recruiting resources: https://peakframeworks.com
Finance and consulting are among the two most popular business roles out of school. Both paths are highly coveted for their exit opportunities, salary potential, and exposure to business strategy. In this video, we'll explain what these paths commonly look like, how the salary trajectories differ, and what the exit opportunities are.
0:00 - Overview of Finance and Consulting
4:09 - Investment Banking vs. Consulting Salaries
6:28 - Optionality and Exit Opportunities
8:31 - Expected Value of Recruiting
Peak Frameworks is a business career prep service started by Matt Ting and Patrick Fong, who have each spent several years working in investment banking and private equity in New York and Silicon Valley. Matt and Patrick met at Evercore, a top tier investment bank, and over the years have tutored and coached dozens of candidates to land their dream business job.
Matt Ting: https://www.linkedin.com/in/matthewting/
Patrick Fong (HBS 2021): https://www.linkedin.com/in/patrick-fong-0b773041/
#InvestmentBanking #Consulting #PrivateEquity
💡 Get the #1 Private Equity recruiting course, which comes with 3-statement LBO model tests, mega fund case studies, and headhunter coverage: https://bit.ly/PF-PrivateEquity
📚 Free recruiting resources: https://peakframeworks.com
Finance and consulting are among the two most popular business roles out of school. Both paths are highly coveted for their exit opportunities, salary potential, and exposure to business strategy. In this video, we'll explain what these paths commonly look like, how the salary trajectories differ, and what the exit opportunities are.
0:00 - Overview of Finance and Consulting
4:09 - Investment Banking vs. Consulting Salaries
6:28 - Optionality and Exit Opportunities
8:31 - Expected Value of Recruiting
Peak Frameworks is a business career prep service started by Matt Ting and Patrick Fong, who have each spent several years working in investment banking and private equity in New York and Silicon Valley. Matt and Patrick met at Evercore, a top tier investment bank, and over the years have tutored and coached dozens of candidates to land their dream business job.
Matt Ting: https://www.linkedin.com/in/matthewting/
Patrick Fong (HBS 2021): https://www.linkedin.com/in/patrick-fong-0b773041/
#InvestmentBanking #Consulting #PrivateEquity
📈Prep for Banking Recruiting Through Financial Edge📈
► Use Code RARELIQUID25 for 25% OFF: https://bit.ly/3vx0wIM
🧑🎓Career Resources👩🎓
► Buy my Resume and Cov...
📈Prep for Banking Recruiting Through Financial Edge📈
► Use Code RARELIQUID25 for 25% OFF: https://bit.ly/3vx0wIM
🧑🎓Career Resources👩🎓
► Buy my Resume and Cover Letter: https://rareliquidcareers.com/
► Books I Recommend: https://amzn.to/3gy28xv
► Audible 30 Day Free Trial: https://amzn.to/3u8aBLq
----------------------------------------------------------------------------
⏱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
📱Follow Me📱
► Investing Instagram: https://www.instagram.com/rareliquid
► Personal Instagram: https://www.instagram.com/benjchon/
► Twitter: https://twitter.com/rareliquid
► TikTok: https://www.tiktok.com/@rareliquid
► LinkedIn: https://www.linkedin.com/in/ben-chon-8b0ba34a/
► Business Inquiries: [email protected]
✏️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.
📈Prep for Banking Recruiting Through Financial Edge📈
► Use Code RARELIQUID25 for 25% OFF: https://bit.ly/3vx0wIM
🧑🎓Career Resources👩🎓
► Buy my Resume and Cover Letter: https://rareliquidcareers.com/
► Books I Recommend: https://amzn.to/3gy28xv
► Audible 30 Day Free Trial: https://amzn.to/3u8aBLq
----------------------------------------------------------------------------
⏱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
📱Follow Me📱
► Investing Instagram: https://www.instagram.com/rareliquid
► Personal Instagram: https://www.instagram.com/benjchon/
► Twitter: https://twitter.com/rareliquid
► TikTok: https://www.tiktok.com/@rareliquid
► LinkedIn: https://www.linkedin.com/in/ben-chon-8b0ba34a/
► Business Inquiries: [email protected]
✏️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.
Having worked for the same amount of time in both Investment Banking and Management Consulting, I figured it would be a good time to make an honest comparison v...
Having worked for the same amount of time in both Investment Banking and Management Consulting, I figured it would be a good time to make an honest comparison video with the good and the bad (no sugarcoating here!). Enjoy and subscribe for more weekly content!
Looking to break into consulting/strategy roles? Join a community of people just like you: https://forms.gle/acK4qdJB5PBZP9uR6
FREE 1-month casing roadmap: https://stan.store/matthuang21
Music from Epidemic Sound → use link for FREE 30 day trial https://share.epidemicsound.com/ohdjti
My filming gear:
Camera (just my iPhone): https://amzn.to/3LvSTNl
Portable microphone: https://amzn.to/3sXiHeS
Podcasting mic: https://amzn.to/3LrjOtU
Tall tripod: https://amzn.to/3ZppU3t
DJI iphone gimbal (for cinematic shots): https://amzn.to/3PexTfa
Lighting kit: https://amzn.to/46bF0Mf
Note: This video is not sponsored. Some of the links above may be affiliate, meaning I could earn a small % of sales if you purchase products via the link
TIMESTAMPS
0:00 Intro
1:49 The work
6:34 The lifestyle
10:06 The people
12:01 Closing thoughts
Having worked for the same amount of time in both Investment Banking and Management Consulting, I figured it would be a good time to make an honest comparison video with the good and the bad (no sugarcoating here!). Enjoy and subscribe for more weekly content!
Looking to break into consulting/strategy roles? Join a community of people just like you: https://forms.gle/acK4qdJB5PBZP9uR6
FREE 1-month casing roadmap: https://stan.store/matthuang21
Music from Epidemic Sound → use link for FREE 30 day trial https://share.epidemicsound.com/ohdjti
My filming gear:
Camera (just my iPhone): https://amzn.to/3LvSTNl
Portable microphone: https://amzn.to/3sXiHeS
Podcasting mic: https://amzn.to/3LrjOtU
Tall tripod: https://amzn.to/3ZppU3t
DJI iphone gimbal (for cinematic shots): https://amzn.to/3PexTfa
Lighting kit: https://amzn.to/46bF0Mf
Note: This video is not sponsored. Some of the links above may be affiliate, meaning I could earn a small % of sales if you purchase products via the link
TIMESTAMPS
0:00 Intro
1:49 The work
6:34 The lifestyle
10:06 The people
12:01 Closing thoughts
In this video on Finance vs Consulting, we will do the analysis between a finance guy and a consultant.
𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐁𝐞𝐭𝐰𝐞𝐞𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠
-------------...
In this video on Finance vs Consulting, we will do the analysis between a finance guy and a consultant.
𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐁𝐞𝐭𝐰𝐞𝐞𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠
----------------------------------------------------------------------------
The one and only difference in finance and consulting is that the compensation. You would earn a little bit more while starting your Finance career than starting your management consulting career.
But if you stick to your laurel, if you will do well, you will earn much more as a management consultant than a finance professional.
𝐂𝐚𝐫𝐞𝐞𝐫𝐬 𝐢𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐞
---------------------------------
1. Technical analysis
2. Corporate Finance Equity Research
3. Risk Management
4. Private Equity
5. Investment Banking
6. Project Finance
7. Equity Research
8. Quantitative Analysis
𝐂𝐚𝐫𝐞𝐞𝐫 𝐎𝐩𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠
--------------------------------------------------
1. Management Consulting
2. IT Consulting and other areas
3. Strategic Consulting
𝐒𝐤𝐢𝐥𝐥𝐬 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐝 𝐢𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐞
----------------------------------------------
1. Accounting
2. Microsoft Excel
3. Valuation Methods
4. PowerPoint
5. Corporate Finance
6. Fixed Income
7. Financial Modeling
8. Corporate Law
9. Derivatives
𝐒𝐤𝐢𝐥𝐥𝐬 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐝 𝐢𝐧 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠
---------------------------------------------------
1. Analytical Skills
2. Operations
3. Business Modeling
4. Microsoft PowerPoint (heavy)
5. Microsoft Excel (less)
6. Business Strategy
7. Human Resource
8. Supply Chain
9. Process vast data
𝐇𝐨𝐰 𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐭𝐨 𝐚 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐑𝐨𝐥𝐞?
--------------------------------------------------------
The 1st step is to decide what you want to specialize in. Is it something that you want to do at least for the next 10-15 years? If yes, then choose whatever speaks to you.
𝐇𝐨𝐰 𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐭𝐨 𝐚 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠 𝐑𝐨𝐥𝐞?
-------------------------------------------------------------
You can join a big consulting firm like McKinsey & Company, Boston Consulting Group, Bain & Company, Accenture etc and can learn the art of the trade.
To know more about Finance vs Consulting, you can go to this 𝐥𝐢𝐧𝐤 𝐡𝐞𝐫𝐞: https://www.wallstreetmojo.com/Finance-vs-Consulting/
Connect with us!
Youtube ► https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1
LinkedIn ► https://www.linkedin.com/company/wallstreetmojo/mycompany/
Facebook ► https://www.facebook.com/wallstreetmojo
Instagram ► https://www.instagram.com/wallstreetmojoofficial/
Twitter ► https://twitter.com/wallstreetmojo
In this video on Finance vs Consulting, we will do the analysis between a finance guy and a consultant.
𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐁𝐞𝐭𝐰𝐞𝐞𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠
----------------------------------------------------------------------------
The one and only difference in finance and consulting is that the compensation. You would earn a little bit more while starting your Finance career than starting your management consulting career.
But if you stick to your laurel, if you will do well, you will earn much more as a management consultant than a finance professional.
𝐂𝐚𝐫𝐞𝐞𝐫𝐬 𝐢𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐞
---------------------------------
1. Technical analysis
2. Corporate Finance Equity Research
3. Risk Management
4. Private Equity
5. Investment Banking
6. Project Finance
7. Equity Research
8. Quantitative Analysis
𝐂𝐚𝐫𝐞𝐞𝐫 𝐎𝐩𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠
--------------------------------------------------
1. Management Consulting
2. IT Consulting and other areas
3. Strategic Consulting
𝐒𝐤𝐢𝐥𝐥𝐬 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐝 𝐢𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐞
----------------------------------------------
1. Accounting
2. Microsoft Excel
3. Valuation Methods
4. PowerPoint
5. Corporate Finance
6. Fixed Income
7. Financial Modeling
8. Corporate Law
9. Derivatives
𝐒𝐤𝐢𝐥𝐥𝐬 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐝 𝐢𝐧 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠
---------------------------------------------------
1. Analytical Skills
2. Operations
3. Business Modeling
4. Microsoft PowerPoint (heavy)
5. Microsoft Excel (less)
6. Business Strategy
7. Human Resource
8. Supply Chain
9. Process vast data
𝐇𝐨𝐰 𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐭𝐨 𝐚 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐑𝐨𝐥𝐞?
--------------------------------------------------------
The 1st step is to decide what you want to specialize in. Is it something that you want to do at least for the next 10-15 years? If yes, then choose whatever speaks to you.
𝐇𝐨𝐰 𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐭𝐨 𝐚 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠 𝐑𝐨𝐥𝐞?
-------------------------------------------------------------
You can join a big consulting firm like McKinsey & Company, Boston Consulting Group, Bain & Company, Accenture etc and can learn the art of the trade.
To know more about Finance vs Consulting, you can go to this 𝐥𝐢𝐧𝐤 𝐡𝐞𝐫𝐞: https://www.wallstreetmojo.com/Finance-vs-Consulting/
Connect with us!
Youtube ► https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1
LinkedIn ► https://www.linkedin.com/company/wallstreetmojo/mycompany/
Facebook ► https://www.facebook.com/wallstreetmojo
Instagram ► https://www.instagram.com/wallstreetmojoofficial/
Twitter ► https://twitter.com/wallstreetmojo
✅ 𝗙𝗥𝗘𝗘 𝟯𝟬-𝗠𝗜𝗡𝗨𝗧𝗘 𝗖𝗔𝗟𝗟 𝘄𝗶𝘁𝗵 𝗮 𝗳𝗼𝗿𝗺𝗲𝗿 𝗠𝗰𝗞𝗶𝗻𝘀𝗲𝘆, 𝗕𝗮𝗶𝗻, 𝗼𝗿 𝗕𝗖𝗚 𝗥𝗲𝗰𝗿𝘂𝗶𝘁𝗲𝗿 𝘁𝗼 𝘀𝗲𝗲 𝗶𝗳 𝘆𝗼𝘂 𝗾𝘂𝗮𝗹𝗶𝗳𝘆 𝗳𝗼𝗿 𝗮 𝟭:𝟭 𝗰𝗼𝗮𝗰𝗵𝗶𝗻𝗴 ➡ https://bit.ly/4evqAe2
Are you interested in a ...
✅ 𝗙𝗥𝗘𝗘 𝟯𝟬-𝗠𝗜𝗡𝗨𝗧𝗘 𝗖𝗔𝗟𝗟 𝘄𝗶𝘁𝗵 𝗮 𝗳𝗼𝗿𝗺𝗲𝗿 𝗠𝗰𝗞𝗶𝗻𝘀𝗲𝘆, 𝗕𝗮𝗶𝗻, 𝗼𝗿 𝗕𝗖𝗚 𝗥𝗲𝗰𝗿𝘂𝗶𝘁𝗲𝗿 𝘁𝗼 𝘀𝗲𝗲 𝗶𝗳 𝘆𝗼𝘂 𝗾𝘂𝗮𝗹𝗶𝗳𝘆 𝗳𝗼𝗿 𝗮 𝟭:𝟭 𝗰𝗼𝗮𝗰𝗵𝗶𝗻𝗴 ➡ https://bit.ly/4evqAe2
Are you interested in a career in consulting but unsure of the different paths available?
In this video, we explore the key differences between management consulting and strategy consulting and help you determine which career is the best fit for your interests and goals.
✅ 𝗦𝗶𝗴𝗻 𝘂𝗽 𝗵𝗲𝗿𝗲 𝗳𝗼𝗿 𝗼𝗻𝗲-𝗼𝗻-𝗼𝗻𝗲 𝗰𝗼𝗻𝘀𝘂𝗹𝘁𝗶𝗻𝗴 𝗶𝗻𝘁𝗲𝗿𝘃𝗶𝗲𝘄 𝗰𝗼𝗮𝗰𝗵𝗶𝗻𝗴 ➡ https://bit.ly/4evqAe2
𝗢𝘁𝗵𝗲𝗿 𝗩𝗶𝗱𝗲𝗼𝘀 𝗮𝗻𝗱 𝗥𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀:
🔸Case Interview Example - Watch a case be cracked by a former Bain consultant: https://youtu.be/wL5M6BbUZD0
🔸Case Interview Prep - Speed up your case prep with our proven 4-step process: https://youtu.be/bVN2LVj7RZU
🔸Case Interview Frameworks - Learn how to use business frameworks to crack every case: https://youtu.be/r61GoAVP-nY
🔸Behavioral Interview Questions - How to answer common behavioral or fit questions: https://youtu.be/w2ggtA46voI
🔸Consulting Resumes - 5 tips for writing a winning management consulting resume: https://youtu.be/f7y0i1hKUuI
🔸Case Interview Example Series: https://bit.ly/3fiOehj
🔸Hundreds of online articles on MCO’s website: http://myconsultingoffer.org/resources/
✅ 𝗙𝗥𝗘𝗘 𝟯𝟬-𝗠𝗜𝗡𝗨𝗧𝗘 𝗖𝗔𝗟𝗟 𝘄𝗶𝘁𝗵 𝗮 𝗳𝗼𝗿𝗺𝗲𝗿 𝗠𝗰𝗞𝗶𝗻𝘀𝗲𝘆, 𝗕𝗮𝗶𝗻, 𝗼𝗿 𝗕𝗖𝗚 𝗥𝗲𝗰𝗿𝘂𝗶𝘁𝗲𝗿 𝘁𝗼 𝘀𝗲𝗲 𝗶𝗳 𝘆𝗼𝘂 𝗾𝘂𝗮𝗹𝗶𝗳𝘆 𝗳𝗼𝗿 𝗮 𝟭:𝟭 𝗰𝗼𝗮𝗰𝗵𝗶𝗻𝗴 ➡ https://bit.ly/4evqAe2
Are you interested in a career in consulting but unsure of the different paths available?
In this video, we explore the key differences between management consulting and strategy consulting and help you determine which career is the best fit for your interests and goals.
✅ 𝗦𝗶𝗴𝗻 𝘂𝗽 𝗵𝗲𝗿𝗲 𝗳𝗼𝗿 𝗼𝗻𝗲-𝗼𝗻-𝗼𝗻𝗲 𝗰𝗼𝗻𝘀𝘂𝗹𝘁𝗶𝗻𝗴 𝗶𝗻𝘁𝗲𝗿𝘃𝗶𝗲𝘄 𝗰𝗼𝗮𝗰𝗵𝗶𝗻𝗴 ➡ https://bit.ly/4evqAe2
𝗢𝘁𝗵𝗲𝗿 𝗩𝗶𝗱𝗲𝗼𝘀 𝗮𝗻𝗱 𝗥𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀:
🔸Case Interview Example - Watch a case be cracked by a former Bain consultant: https://youtu.be/wL5M6BbUZD0
🔸Case Interview Prep - Speed up your case prep with our proven 4-step process: https://youtu.be/bVN2LVj7RZU
🔸Case Interview Frameworks - Learn how to use business frameworks to crack every case: https://youtu.be/r61GoAVP-nY
🔸Behavioral Interview Questions - How to answer common behavioral or fit questions: https://youtu.be/w2ggtA46voI
🔸Consulting Resumes - 5 tips for writing a winning management consulting resume: https://youtu.be/f7y0i1hKUuI
🔸Case Interview Example Series: https://bit.ly/3fiOehj
🔸Hundreds of online articles on MCO’s website: http://myconsultingoffer.org/resources/
*𝗙𝗥𝗘𝗘 𝟯𝟬-𝗠𝗜𝗡𝗨𝗧𝗘 𝗦𝗧𝗥𝗔𝗧𝗘𝗚𝗬 𝗦𝗘𝗦𝗦𝗜𝗢𝗡 𝘄𝗶𝘁𝗵 𝗮 𝗳𝗼𝗿𝗺𝗲𝗿 𝗠𝗰𝗞𝗶𝗻𝘀𝗲𝘆, 𝗕𝗮𝗶𝗻, 𝗼𝗿 𝗕𝗖𝗚 𝗿𝗲𝗰𝗿𝘂𝗶𝘁𝗲𝗿* ➡ https://bit.ly/3YogzrN
People say that investment bankers make the big bucks...
*𝗙𝗥𝗘𝗘 𝟯𝟬-𝗠𝗜𝗡𝗨𝗧𝗘 𝗦𝗧𝗥𝗔𝗧𝗘𝗚𝗬 𝗦𝗘𝗦𝗦𝗜𝗢𝗡 𝘄𝗶𝘁𝗵 𝗮 𝗳𝗼𝗿𝗺𝗲𝗿 𝗠𝗰𝗞𝗶𝗻𝘀𝗲𝘆, 𝗕𝗮𝗶𝗻, 𝗼𝗿 𝗕𝗖𝗚 𝗿𝗲𝗰𝗿𝘂𝗶𝘁𝗲𝗿* ➡ https://bit.ly/3YogzrN
People say that investment bankers make the big bucks.
But they work all the time.
People say consultants make good money too.
But they’re traveling constantly.
Which is true? Which is the better career option for you?
In this video, we’ll cover:
✅An overview of the investment banking vs management consulting industries.
✅Skills you will develop from working in each.
✅Career paths.
✅Exit opportunities.
✅Salaries.
✅Lifestyle considerations.
✅The recruiting process.
✅And the top 5 signs management consulting might be for you
𝗦𝗶𝗴𝗻 𝘂𝗽 𝗵𝗲𝗿𝗲 𝗳𝗼𝗿 𝗼𝗻𝗲-𝗼𝗻-𝗼𝗻𝗲 𝗰𝗼𝗻𝘀𝘂𝗹𝘁𝗶𝗻𝗴 𝗶𝗻𝘁𝗲𝗿𝘃𝗶𝗲𝘄 𝗰𝗼𝗮𝗰𝗵𝗶𝗻𝗴 ➡ https://bit.ly/3YogzrN
𝗙𝗿𝗲𝗲 𝗩𝗶𝗱𝗲𝗼 𝗥𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀:
Hundreds of online articles on MCO’s website: http://myconsultingoffer.org/resources/
Management Consulting Salary Report: https://www.myconsultingoffer.org/management-consultant-salary/
Case Interview Prep - Speed up your case prep with our proven 4-step process: https://www.youtube.com/watch?v=bVN2LVj7RZU&t=49s
McKinsey Personal Experience Interview (McKinsey PEI) - What It Is & How to Prepare: https://www.youtube.com/watch?v=QBhPO43Z3oc&t=2s
Case Interview Example - Watch a case be cracked by a former Bain consultant: https://www.youtube.com/playlist?list=PLSZXI1eOuSUv2xYQAINf_ngd48EkaF51W
Why BCG? Benefits of Working at BCG + Answer to the “Why BCG Interview Question: https://www.youtube.com/watch?v=zHQmahqOwQQ&t=4s
Market Sizing Questions - 7 Steps to Ace Any Question: https://www.youtube.com/watch?v=gCu3u8QJSwk&t=42s
*𝗙𝗥𝗘𝗘 𝟯𝟬-𝗠𝗜𝗡𝗨𝗧𝗘 𝗦𝗧𝗥𝗔𝗧𝗘𝗚𝗬 𝗦𝗘𝗦𝗦𝗜𝗢𝗡 𝘄𝗶𝘁𝗵 𝗮 𝗳𝗼𝗿𝗺𝗲𝗿 𝗠𝗰𝗞𝗶𝗻𝘀𝗲𝘆, 𝗕𝗮𝗶𝗻, 𝗼𝗿 𝗕𝗖𝗚 𝗿𝗲𝗰𝗿𝘂𝗶𝘁𝗲𝗿* ➡ https://bit.ly/3YogzrN
People say that investment bankers make the big bucks.
But they work all the time.
People say consultants make good money too.
But they’re traveling constantly.
Which is true? Which is the better career option for you?
In this video, we’ll cover:
✅An overview of the investment banking vs management consulting industries.
✅Skills you will develop from working in each.
✅Career paths.
✅Exit opportunities.
✅Salaries.
✅Lifestyle considerations.
✅The recruiting process.
✅And the top 5 signs management consulting might be for you
𝗦𝗶𝗴𝗻 𝘂𝗽 𝗵𝗲𝗿𝗲 𝗳𝗼𝗿 𝗼𝗻𝗲-𝗼𝗻-𝗼𝗻𝗲 𝗰𝗼𝗻𝘀𝘂𝗹𝘁𝗶𝗻𝗴 𝗶𝗻𝘁𝗲𝗿𝘃𝗶𝗲𝘄 𝗰𝗼𝗮𝗰𝗵𝗶𝗻𝗴 ➡ https://bit.ly/3YogzrN
𝗙𝗿𝗲𝗲 𝗩𝗶𝗱𝗲𝗼 𝗥𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀:
Hundreds of online articles on MCO’s website: http://myconsultingoffer.org/resources/
Management Consulting Salary Report: https://www.myconsultingoffer.org/management-consultant-salary/
Case Interview Prep - Speed up your case prep with our proven 4-step process: https://www.youtube.com/watch?v=bVN2LVj7RZU&t=49s
McKinsey Personal Experience Interview (McKinsey PEI) - What It Is & How to Prepare: https://www.youtube.com/watch?v=QBhPO43Z3oc&t=2s
Case Interview Example - Watch a case be cracked by a former Bain consultant: https://www.youtube.com/playlist?list=PLSZXI1eOuSUv2xYQAINf_ngd48EkaF51W
Why BCG? Benefits of Working at BCG + Answer to the “Why BCG Interview Question: https://www.youtube.com/watch?v=zHQmahqOwQQ&t=4s
Market Sizing Questions - 7 Steps to Ace Any Question: https://www.youtube.com/watch?v=gCu3u8QJSwk&t=42s
Learn all about consulting, including the top consulting firms, what you do, hierarchy, lifestyle, hours, and compensation.
💧rareliquid💧
► My Business School A...
Learn all about consulting, including the top consulting firms, what you do, hierarchy, lifestyle, hours, and compensation.
💧rareliquid💧
► My Business School Apps + Banking Recruiting Guide: https://rareliquidcareers.com/
► Sign up for my future MBA course: https://forms.gle/9yEyycuP7NnQBjue8
► My investing channel: https://www.youtube.com/c/rareliquid
► My free daily investing newsletter: https://www.rareliquidnews.com/
🧑🎓Career Resources👩🎓
► Buy the resume + cover letter that got me into JPM: https://rareliquidcareers.com/
► Wall Street Prep (Use code RARELIQUID for 20% OFF!): https://gv142.isrefer.com/go/rliquid/rareliquid/
► TTP - The BEST GMAT prep resource: https://targettestprep.referralrock.com/l/rareliquid/
► Books I recommend: https://amzn.to/3gy28xv
► My filming equipment: https://a.co/cf97WjW
🎥Related Videos🎥
Revealing my Wharton Application: https://www.youtube.com/watch?v=h6CBy1Y28QA
A Week in the Life of an Investment Banking Analyst: https://www.youtube.com/watch?v=igDXJuTVdyI
Revealing My Toughest Banking Experiences: https://www.youtube.com/watch?v=oQQejqFmQAc
⏱Timestamps⏱
0:00 - Introduction
1:09 - Consulting Firm Rankings
2:27 - What You Do
4:05 - Lifestyle and Hours
5:29 - Hierarchy and Compensation
6:59 - Figuring out if Consulting is for You
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
📱Interact With Me📱
► Instagram: https://www.instagram.com/rareliquid
► Twitter: https://twitter.com/rareliquid
► TikTok: https://www.tiktok.com/@rareliquid
► LinkedIn: https://www.linkedin.com/in/ben-chon-8b0ba34a/
► Business Inquiries: [email protected]
🔎Disclaimer🔎
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.
#consulting #mckinsey #managementconsulting
Learn all about consulting, including the top consulting firms, what you do, hierarchy, lifestyle, hours, and compensation.
💧rareliquid💧
► My Business School Apps + Banking Recruiting Guide: https://rareliquidcareers.com/
► Sign up for my future MBA course: https://forms.gle/9yEyycuP7NnQBjue8
► My investing channel: https://www.youtube.com/c/rareliquid
► My free daily investing newsletter: https://www.rareliquidnews.com/
🧑🎓Career Resources👩🎓
► Buy the resume + cover letter that got me into JPM: https://rareliquidcareers.com/
► Wall Street Prep (Use code RARELIQUID for 20% OFF!): https://gv142.isrefer.com/go/rliquid/rareliquid/
► TTP - The BEST GMAT prep resource: https://targettestprep.referralrock.com/l/rareliquid/
► Books I recommend: https://amzn.to/3gy28xv
► My filming equipment: https://a.co/cf97WjW
🎥Related Videos🎥
Revealing my Wharton Application: https://www.youtube.com/watch?v=h6CBy1Y28QA
A Week in the Life of an Investment Banking Analyst: https://www.youtube.com/watch?v=igDXJuTVdyI
Revealing My Toughest Banking Experiences: https://www.youtube.com/watch?v=oQQejqFmQAc
⏱Timestamps⏱
0:00 - Introduction
1:09 - Consulting Firm Rankings
2:27 - What You Do
4:05 - Lifestyle and Hours
5:29 - Hierarchy and Compensation
6:59 - Figuring out if Consulting is for You
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
📱Interact With Me📱
► Instagram: https://www.instagram.com/rareliquid
► Twitter: https://twitter.com/rareliquid
► TikTok: https://www.tiktok.com/@rareliquid
► LinkedIn: https://www.linkedin.com/in/ben-chon-8b0ba34a/
► Business Inquiries: [email protected]
🔎Disclaimer🔎
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.
#consulting #mckinsey #managementconsulting
Which is more intellectually stimulating? Consulting or IB? In this video I give my unfiltered thoughts - let me know if you resonated with any of the topics I ...
Which is more intellectually stimulating? Consulting or IB? In this video I give my unfiltered thoughts - let me know if you resonated with any of the topics I discussed in the comments!
I make these videos because I wish somebody had made these for my younger self. Subscribe for $0 and don't forget to DEMOLISH the like button!
Day In The Life As A Management Consultant in NYC: https://www.youtube.com/watch?v=38EGwW_XsNY
3 Life-Changing Lessons From Quitting Investment Banking: https://www.youtube.com/watch?v=eFrKrpp-uE8
Is Consulting more Sustainable than Investment Banking? https://www.youtube.com/watch?v=GxZGW0RSzNw&t=163s
Visit this link to get your FREE 1-month casing roadmap: https://stan.store/matthuang21
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My filming gear:
Camera (just my iPhone): https://amzn.to/3LvSTNl
Portable microphone: https://amzn.to/3sXiHeS
Podcasting mic: https://amzn.to/3LrjOtU
Tall tripod: https://amzn.to/3ZppU3t
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Which is more intellectually stimulating? Consulting or IB? In this video I give my unfiltered thoughts - let me know if you resonated with any of the topics I discussed in the comments!
I make these videos because I wish somebody had made these for my younger self. Subscribe for $0 and don't forget to DEMOLISH the like button!
Day In The Life As A Management Consultant in NYC: https://www.youtube.com/watch?v=38EGwW_XsNY
3 Life-Changing Lessons From Quitting Investment Banking: https://www.youtube.com/watch?v=eFrKrpp-uE8
Is Consulting more Sustainable than Investment Banking? https://www.youtube.com/watch?v=GxZGW0RSzNw&t=163s
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Portable microphone: https://amzn.to/3sXiHeS
Podcasting mic: https://amzn.to/3LrjOtU
Tall tripod: https://amzn.to/3ZppU3t
DJI iphone gimbal (for cinematic shots): https://amzn.to/3PexTfa
Lighting kit: https://amzn.to/46bF0Mf
Note: This video is not sponsored. Some of the links above may be affiliate, meaning I could earn a small % of sales if you purchase products via the link
💡 Get the #1 Private Equity recruiting course, which comes with 3-statement LBO model tests, mega fund case studies, and headhunter coverage: https://bit.ly/PF-PrivateEquity
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Finance and consulting are among the two most popular business roles out of school. Both paths are highly coveted for their exit opportunities, salary potential, and exposure to business strategy. In this video, we'll explain what these paths commonly look like, how the salary trajectories differ, and what the exit opportunities are.
0:00 - Overview of Finance and Consulting
4:09 - Investment Banking vs. Consulting Salaries
6:28 - Optionality and Exit Opportunities
8:31 - Expected Value of Recruiting
Peak Frameworks is a business career prep service started by Matt Ting and Patrick Fong, who have each spent several years working in investment banking and private equity in New York and Silicon Valley. Matt and Patrick met at Evercore, a top tier investment bank, and over the years have tutored and coached dozens of candidates to land their dream business job.
Matt Ting: https://www.linkedin.com/in/matthewting/
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#InvestmentBanking #Consulting #PrivateEquity
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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.
Having worked for the same amount of time in both Investment Banking and Management Consulting, I figured it would be a good time to make an honest comparison video with the good and the bad (no sugarcoating here!). Enjoy and subscribe for more weekly content!
Looking to break into consulting/strategy roles? Join a community of people just like you: https://forms.gle/acK4qdJB5PBZP9uR6
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Lighting kit: https://amzn.to/46bF0Mf
Note: This video is not sponsored. Some of the links above may be affiliate, meaning I could earn a small % of sales if you purchase products via the link
TIMESTAMPS
0:00 Intro
1:49 The work
6:34 The lifestyle
10:06 The people
12:01 Closing thoughts
In this video on Finance vs Consulting, we will do the analysis between a finance guy and a consultant.
𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐁𝐞𝐭𝐰𝐞𝐞𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠
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The one and only difference in finance and consulting is that the compensation. You would earn a little bit more while starting your Finance career than starting your management consulting career.
But if you stick to your laurel, if you will do well, you will earn much more as a management consultant than a finance professional.
𝐂𝐚𝐫𝐞𝐞𝐫𝐬 𝐢𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐞
---------------------------------
1. Technical analysis
2. Corporate Finance Equity Research
3. Risk Management
4. Private Equity
5. Investment Banking
6. Project Finance
7. Equity Research
8. Quantitative Analysis
𝐂𝐚𝐫𝐞𝐞𝐫 𝐎𝐩𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠
--------------------------------------------------
1. Management Consulting
2. IT Consulting and other areas
3. Strategic Consulting
𝐒𝐤𝐢𝐥𝐥𝐬 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐝 𝐢𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐞
----------------------------------------------
1. Accounting
2. Microsoft Excel
3. Valuation Methods
4. PowerPoint
5. Corporate Finance
6. Fixed Income
7. Financial Modeling
8. Corporate Law
9. Derivatives
𝐒𝐤𝐢𝐥𝐥𝐬 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐝 𝐢𝐧 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠
---------------------------------------------------
1. Analytical Skills
2. Operations
3. Business Modeling
4. Microsoft PowerPoint (heavy)
5. Microsoft Excel (less)
6. Business Strategy
7. Human Resource
8. Supply Chain
9. Process vast data
𝐇𝐨𝐰 𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐭𝐨 𝐚 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐑𝐨𝐥𝐞?
--------------------------------------------------------
The 1st step is to decide what you want to specialize in. Is it something that you want to do at least for the next 10-15 years? If yes, then choose whatever speaks to you.
𝐇𝐨𝐰 𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐭𝐨 𝐚 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠 𝐑𝐨𝐥𝐞?
-------------------------------------------------------------
You can join a big consulting firm like McKinsey & Company, Boston Consulting Group, Bain & Company, Accenture etc and can learn the art of the trade.
To know more about Finance vs Consulting, you can go to this 𝐥𝐢𝐧𝐤 𝐡𝐞𝐫𝐞: https://www.wallstreetmojo.com/Finance-vs-Consulting/
Connect with us!
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✅ 𝗙𝗥𝗘𝗘 𝟯𝟬-𝗠𝗜𝗡𝗨𝗧𝗘 𝗖𝗔𝗟𝗟 𝘄𝗶𝘁𝗵 𝗮 𝗳𝗼𝗿𝗺𝗲𝗿 𝗠𝗰𝗞𝗶𝗻𝘀𝗲𝘆, 𝗕𝗮𝗶𝗻, 𝗼𝗿 𝗕𝗖𝗚 𝗥𝗲𝗰𝗿𝘂𝗶𝘁𝗲𝗿 𝘁𝗼 𝘀𝗲𝗲 𝗶𝗳 𝘆𝗼𝘂 𝗾𝘂𝗮𝗹𝗶𝗳𝘆 𝗳𝗼𝗿 𝗮 𝟭:𝟭 𝗰𝗼𝗮𝗰𝗵𝗶𝗻𝗴 ➡ https://bit.ly/4evqAe2
Are you interested in a career in consulting but unsure of the different paths available?
In this video, we explore the key differences between management consulting and strategy consulting and help you determine which career is the best fit for your interests and goals.
✅ 𝗦𝗶𝗴𝗻 𝘂𝗽 𝗵𝗲𝗿𝗲 𝗳𝗼𝗿 𝗼𝗻𝗲-𝗼𝗻-𝗼𝗻𝗲 𝗰𝗼𝗻𝘀𝘂𝗹𝘁𝗶𝗻𝗴 𝗶𝗻𝘁𝗲𝗿𝘃𝗶𝗲𝘄 𝗰𝗼𝗮𝗰𝗵𝗶𝗻𝗴 ➡ https://bit.ly/4evqAe2
𝗢𝘁𝗵𝗲𝗿 𝗩𝗶𝗱𝗲𝗼𝘀 𝗮𝗻𝗱 𝗥𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀:
🔸Case Interview Example - Watch a case be cracked by a former Bain consultant: https://youtu.be/wL5M6BbUZD0
🔸Case Interview Prep - Speed up your case prep with our proven 4-step process: https://youtu.be/bVN2LVj7RZU
🔸Case Interview Frameworks - Learn how to use business frameworks to crack every case: https://youtu.be/r61GoAVP-nY
🔸Behavioral Interview Questions - How to answer common behavioral or fit questions: https://youtu.be/w2ggtA46voI
🔸Consulting Resumes - 5 tips for writing a winning management consulting resume: https://youtu.be/f7y0i1hKUuI
🔸Case Interview Example Series: https://bit.ly/3fiOehj
🔸Hundreds of online articles on MCO’s website: http://myconsultingoffer.org/resources/
*𝗙𝗥𝗘𝗘 𝟯𝟬-𝗠𝗜𝗡𝗨𝗧𝗘 𝗦𝗧𝗥𝗔𝗧𝗘𝗚𝗬 𝗦𝗘𝗦𝗦𝗜𝗢𝗡 𝘄𝗶𝘁𝗵 𝗮 𝗳𝗼𝗿𝗺𝗲𝗿 𝗠𝗰𝗞𝗶𝗻𝘀𝗲𝘆, 𝗕𝗮𝗶𝗻, 𝗼𝗿 𝗕𝗖𝗚 𝗿𝗲𝗰𝗿𝘂𝗶𝘁𝗲𝗿* ➡ https://bit.ly/3YogzrN
People say that investment bankers make the big bucks.
But they work all the time.
People say consultants make good money too.
But they’re traveling constantly.
Which is true? Which is the better career option for you?
In this video, we’ll cover:
✅An overview of the investment banking vs management consulting industries.
✅Skills you will develop from working in each.
✅Career paths.
✅Exit opportunities.
✅Salaries.
✅Lifestyle considerations.
✅The recruiting process.
✅And the top 5 signs management consulting might be for you
𝗦𝗶𝗴𝗻 𝘂𝗽 𝗵𝗲𝗿𝗲 𝗳𝗼𝗿 𝗼𝗻𝗲-𝗼𝗻-𝗼𝗻𝗲 𝗰𝗼𝗻𝘀𝘂𝗹𝘁𝗶𝗻𝗴 𝗶𝗻𝘁𝗲𝗿𝘃𝗶𝗲𝘄 𝗰𝗼𝗮𝗰𝗵𝗶𝗻𝗴 ➡ https://bit.ly/3YogzrN
𝗙𝗿𝗲𝗲 𝗩𝗶𝗱𝗲𝗼 𝗥𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀:
Hundreds of online articles on MCO’s website: http://myconsultingoffer.org/resources/
Management Consulting Salary Report: https://www.myconsultingoffer.org/management-consultant-salary/
Case Interview Prep - Speed up your case prep with our proven 4-step process: https://www.youtube.com/watch?v=bVN2LVj7RZU&t=49s
McKinsey Personal Experience Interview (McKinsey PEI) - What It Is & How to Prepare: https://www.youtube.com/watch?v=QBhPO43Z3oc&t=2s
Case Interview Example - Watch a case be cracked by a former Bain consultant: https://www.youtube.com/playlist?list=PLSZXI1eOuSUv2xYQAINf_ngd48EkaF51W
Why BCG? Benefits of Working at BCG + Answer to the “Why BCG Interview Question: https://www.youtube.com/watch?v=zHQmahqOwQQ&t=4s
Market Sizing Questions - 7 Steps to Ace Any Question: https://www.youtube.com/watch?v=gCu3u8QJSwk&t=42s
Learn all about consulting, including the top consulting firms, what you do, hierarchy, lifestyle, hours, and compensation.
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🎥Related Videos🎥
Revealing my Wharton Application: https://www.youtube.com/watch?v=h6CBy1Y28QA
A Week in the Life of an Investment Banking Analyst: https://www.youtube.com/watch?v=igDXJuTVdyI
Revealing My Toughest Banking Experiences: https://www.youtube.com/watch?v=oQQejqFmQAc
⏱Timestamps⏱
0:00 - Introduction
1:09 - Consulting Firm Rankings
2:27 - What You Do
4:05 - Lifestyle and Hours
5:29 - Hierarchy and Compensation
6:59 - Figuring out if Consulting is for You
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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🔎Disclaimer🔎
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.
#consulting #mckinsey #managementconsulting
Which is more intellectually stimulating? Consulting or IB? In this video I give my unfiltered thoughts - let me know if you resonated with any of the topics I discussed in the comments!
I make these videos because I wish somebody had made these for my younger self. Subscribe for $0 and don't forget to DEMOLISH the like button!
Day In The Life As A Management Consultant in NYC: https://www.youtube.com/watch?v=38EGwW_XsNY
3 Life-Changing Lessons From Quitting Investment Banking: https://www.youtube.com/watch?v=eFrKrpp-uE8
Is Consulting more Sustainable than Investment Banking? https://www.youtube.com/watch?v=GxZGW0RSzNw&t=163s
Visit this link to get your FREE 1-month casing roadmap: https://stan.store/matthuang21
Music from Epidemic Sound → use link for FREE 30 day trial https://share.epidemicsound.com/ohdjti
My filming gear:
Camera (just my iPhone): https://amzn.to/3LvSTNl
Portable microphone: https://amzn.to/3sXiHeS
Podcasting mic: https://amzn.to/3LrjOtU
Tall tripod: https://amzn.to/3ZppU3t
DJI iphone gimbal (for cinematic shots): https://amzn.to/3PexTfa
Lighting kit: https://amzn.to/46bF0Mf
Note: This video is not sponsored. Some of the links above may be affiliate, meaning I could earn a small % of sales if you purchase products via the link
Management consulting is the practice of helping organizations to improve their performance, operating primarily through the analysis of existing organizational problems and the development of plans for improvement. Organizations may draw upon the services of management consultants for a number of reasons, including gaining external (and presumably objective) advice and access to the consultants' specialized expertise.
As a result of their exposure to, and relationships with numerous organizations, consulting firms are typically aware of industry "best practices", although the specific nature of situations under consideration may limit the transferability of such practices from one organization to another.
Consultancies may also provide organizational change management assistance, development of coaching skills, process analysis, technology implementation, strategy development, or operational improvement services. Management consultants often bring their own proprietary methodologies or frameworks to guide the identification of problems and to serve as the basis for recommendations for more effective or efficient ways of performing work tasks.