<p>We have all heard of IB, Consultants, and S&T. However which one gives out more benefits? Even though wall street doesn't allow you to have a life outside of your job. </p>
<p>IB are on constant calls for clients & improving their companies finance. Consultants travel lot to assist companies that are in dire trouble. S&T does lots of research & study for clients & the company just to keep the flow of business.</p>
<p>From I'd read so far it seems S&T gives you more free time and that's good when you have family. If you love traveling & assisting people consultant are the way to since you could possibly see the world as young adult. Maximum work and cold hard fast cash is what matter then IB should do it. </p>
<p>What type of people does each of the 3 sectors want. Though I'm HS sophomore, I'm starting to look at consultant and S&T. I want to travel, help people, perform more people-oriented job, have some flexibility especially since I want to have a family.</p>
<p>If anyone of you had to choose which will it be?</p>
<p>There's no way that S&T beats IBD in pay, and to say that consultants get paid like crap is complete bs. First off, consulting is a completely different job- it's like comparing apples to oranges. Yes, they on average don't earn as much as Ibankers, but that difference is negligible, especially when you consider that Consultants work much less on average (note, however, that some weeks a consultant may need to work 40 hours, while others, that # may be 90, whereas Ibankers regularly see 80-90 hour weeks at t he analyst level). </p>
<p>Furthermore, if you land an M/B/B BA spot, you're pretty much guaranteed for an M7 (aka, one of the top grad business schools in the country). McKinsey places extremely well at H,S,W, so really, I don't see how you can honestly say S&T is the best division to work in.</p>
<p>How much would a first year SandT analyst bring in? I can't imagine its over six figures like an IBD. Also consulting isn't bad money, people do it for different reasons. If you love to travel, like myself, there's no better professions, and the top firms pay for EVERYTHING.</p>
<p>what about quant positions in S&T? i heard that people who are involved in trading/pricing derivatives, exotic equities etc are paid just as much as, if not more than those in IBD.</p>
<p>Quants generally have Ph.ds in math or a similar field. They will get paid fairly well, but you will still earn more if you spend those years of schooling doing ibanking.</p>
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^ Same here. Consulting lifestyle seems almost as horrible as IBD lifestyle
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<p>Consulting lifestyle is horrible for many people. However, it is great for others. If you aren't married (or don't want to see your spouse much), have friends in various locations across the country, and like to go clubbing, barhopping, and eating out often then consulting is an ideal lifestyle IMO. </p>
<p>Consulting is all about work hard, play hard. If you are the type that would rather watch TV than go out, then consulting is probably not right for you.</p>
<p>And that is a big part of why I am going for a job in consulting, I want to be single at age 23 and go out all the time in other cities, throughout the country/world. The work sounds interesting too, it sounds like an amazing job but I can see how the travel would start to wear on you, probably after a couple years I would make the switch to hedge funds/pe</p>
<p>Consulting lifestyle > IB. I've done both (BB SA last summer, MBB consulting this summer)</p>
<p>IB - you work 80 hours a week whenever it needs to be done.
Consulting - Monday morning (6 am) - Thursday night (8 pm) you are traveling and doing work, but in the meantime you eat at the best restaurants, stay at 4-5 star hotels, and basically not pay for anything until Friday. Friday is an easy day, all of Saturday and Sunday free.</p>
<p>Ask me questions if needed, I've actually done/ am doing both fields and chose consulting. I'm not a high schooler like most of these threads. </p>
<p>Nauru - saying "S and T is where its at" in this market makes you sound like an idiot, every baller structured product group and commodity deriv group from last year is undergoing huge layoffs this year.</p>
<p>Thanks for the useful input thethoughtprocess.</p>
<p>I had to choose between S&T and consulting and picked consulting. The lifestyle is really pretty great. Travelling isn't nearly as bad as people make it out to be and you have so few expenses as a consultant. Sure you may not get paid as much as a banker but you also have fewer expenses and a nicer lifestyle. Also, they're all very different jobs and they all pay very well, maybe the nature of the work should guide your decisions?</p>
<p>Also, with respect to this "Consulting lifestyle is horrible for many people. However, it is great for others. If you aren't married (or don't want to see your spouse much), have friends in various locations across the country, and like to go clubbing, barhopping, and eating out often then consulting is an ideal lifestyle IMO. Consulting is all about work hard, play hard. If you are the type that would rather watch TV than go out, then consulting is probably not right for you."</p>
<p>I'm at one of the biggest "party hard" consulting firms and I pretty much spent all my off-time on my last project sightseeing just because I was in a cool location. By no means does anyone need to barhop or party alot.</p>