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Vault Message Board: McKinsey & Company

Topic Name: IB vs. McK
Message Name: excitement
Date Posted: 03/08/2006
In Reply To: Can anyone tell me why anyone would really want to go into IB instead of a job at M/B/B. I guess if the money difference really matters that much then it's worth it but as I see it consulting offers more exciting opportunities (I like working with F500 company CEOs and changing projects every 3 to 4 months) and great pay. Plus if you stay a couple of years doesn't the money difference begin to be a wash? I guess this is the perspective that led me to be a consulting and not an Ibanker.
Message: I am in consulting (M/B/B) and I've worked on projects together with I-Bankers. I found the work they are doing to me more exciting and fast-paced. We would always do more industry anlyses, the I-Bankers get involved in negotiations and deal structuring. For someone who enjoys working on deals and who likes finance I-Banking can be more fulfilling. Personally, I would switch into banking if hours and pay were both comparable to consulting (don't like working on weekends and don't need the extra money).

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