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That advancing your career in the industry is about more than just being “good at your job”. I supposed this is true in other industry too, but I think it is particularly prominent in this industry

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The hours and the tough personalities. I knew about these factors but I didn’t truly grasp the extent of how bad these negatives were

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Wdym Citi 1? How does one effectively push back without it reflecting poorly on one’s perception?

That faking it til you make it is industry standard, so don’t get insecure when you feel like you’re the only one who doesn’t know something.

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Good one!

The toxic work environment and backstabbing coworkers. Wish I knew how bad before I joined.

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Not to do banking

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Both consulting and banking have their ills, especially now. I would love to do investment mgmt at a non-profit.

Remember, it’s just a job. We’re not saving lives. Get offline on time, prioritise your health and family. Use the inflated salary on saving for your future.

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I wish I understood IB better and would have gone into it instead of consulting. I feel as those things like PPT, "strategic thinking", and "market research" which make the bulk of consulting skills, can be learned via IB or will naturally be picked up along ones career.

But hard skills like finance, understanding companies, and the degree of executive network you building in IB is far more valuable.

Also, I think the exit opportunities after IB are better than after Consulting.

Perhaps it's a "grass is always greener" take but after many years as a consultant and operator now, I only feel more strongly about my opinion.

Grass is def greener. Might be the market now, but Consulting exits are way more broad than IB. Obviously if you want to do PE/VC/HF then IB is better but beyond that consulting wins.
To me the executive network is depending on your level, if you’re junior in both roles, the CEO might know who you are, whereas a VP / EM will have a direct line or be called upon by the CFO at least. Your network is yours to build. If you are diving into quality of network then that delves into the quality of your bank or consulting firm. But again a VP at GS or an EM at McK is able to have direct convos with the same level of people at a F500 (e.g. someone in the C-suite or a SVP).

Some people want to get into IB because it’s well paid not considering the long hours, personal/mental health.

Sad but true take. If they only knew. It is NOT WORTH IT.

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