Pros and cons of going into I banking after MBA?

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Pros: money
Cons: chasing money forever

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$. No life. More $

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Con: you're the associate in all the finance Instagram memes

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Pro: way more money at every level.
Less work as you get senior
Higher on the value chain in m&a deals than consulting. People respect bankers more
Sleep in your own bed
Great exit opps - esp into other high finance roles


Cons: more hours and weekend work is normal
More abrasive culture

I def regret leaving banking for consulting

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Left because my previous firm wasn’t closing too many deals. After getting a few other banking offers at more active shops, I took the consulting opp because it seemed like it would provide for more intellectually stimulating M&A Strategy work that I thought I can leverage for buy-side better than post mba ibd Associate work.

Easy...

Pro: ~300k TC first full year if you perform
Con: you lose your soul

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pretty sure everyone in banking hates MBA direct hires

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Yes and that’s why most people dislike new mba hires in consulting

Just had brunch yesterday with a bschool friend currently at JPM IB ... he absolutely hates his life. No predictability in his schedule and though he does make a ton of money, he never gets to enjoy it.

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It'd be worse. Sweat shop

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Regret why?

Don’t go to post mba banking thinking you’ll get PE eventually

Yes. Know a guy who went from an EB (moelis/Lazard/evercore) to Apollo as a post mba associate

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Potentially faster route to retirement, but you have no life until said retirement

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