<p>Touche. 10char</p>
<p>Consulting prestige at MBB will be highest, but you can make a similar salary at 2nd/3rd tier firms like Monitor and Deloitte Consulting. </p>
<p>Also, remember that a lot more business students want to be in IB compared to consulting. So even though there may be less spots available at consulting firms, there are also less students applying. </p>
<p>As for the OP’s question:</p>
<p>You can make millions in almost any occupation, but your best chances are in IB, PE, HF, VC, Consulting, Law, and talent agencies</p>
<p>At the partner level you’re most likely looking at 7 figures. </p>
<p>Trading and Entrepreneurship can net you millions but are both high risk.</p>
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</p>
<p>Apples vs. oranges.</p>
<p>The comparison should be MBB vs. GS/MS/LAZ. There are lower consultancies just as there are lower IBanks. Granted, the firms right after G/M/L are more prestigious than the consultancies right after MBB.</p>
<p>what would you major in to possibly get a job in consulting later on down the road? finance?</p>
<p>Finance works. So does econ, math, engineering, polisci… consulting isn’t as narrow as the finance field. You really can major in anything you want and get into consulting or finance, it’s just a bit harder (more so for the latter).</p>
<p>How many hours do consultants at MBB work? I’d have to imagine they’re pretty close to IB hours. Would you work less at Deloitte?</p>
<p>What does a consultant actually do? Do you just talk to people at meetings? Not trying to bash the career, I just have no idea what a consultant does.</p>
<p>There are many majors that can lead to a career in consulting, but an understanding of business terminology is also required. You don’t need to use jargon in the case interviews, but if you do not know basic concepts like market segmentation or cost-benefit analysis then things will be difficult. </p>
<p>Consulting hours are less than IB, usually in the 40-80 range. It fluctuates highly by firm, project, and timeline (where you are in your project). Salary is also lower.</p>
<p>If you want to know more about consulting I suggest you check out this site:</p>
<p>[Get</a> started with Management Consulted](<a href=“http://managementconsulted.com/core-content/]Get”>http://managementconsulted.com/core-content/)</p>
<p>Lol you do realize that most people only do consulting/banking for the exit opps, right? Frankly, you don’t have close to the exit opps at accenture and the like (read second-tier firms) as you do from MBB. A dude who works at Credit Suisse and the MYRIAD of elite boutiques will still have a good shot at a top MBA as a GS/MS/JPM (btw, Lazard is nowhere near GS/MS level…JPM is the next best thing). The same can’t be said about consulting where you really need to aim for the top 3 firms and maybe a couple of good boutiques like Marakon, LEK, etc. That’s why you can’t compare the two and why I’ll say and maintain that consulting at the most desirable level is much more difficult to get into than just about any profession</p>
<p>I was going to respond with something about student demand for banks being greater than demand for consulting jobs, and about the high acceptance rates at HBS/stanford/wharton from 2nd tier firms like Monitor/Kaerney/Oliver Wyman…</p>
<p>Then I saw your comment about Lazard and laughed.</p>
<p>Lol urine idiot if you think lazard > JP Morgan. If you said evercore, greenhill, moelis, then I might have given you a pass, but Lazard > JP Morgan? Pls go.</p>
<p>People comparing companies and not even having graduated college yet-you guys must get picked on a lot in school huh.</p>
<p>everyday sp…</p>
<p>Cream I never said Lazard > JPM. I just disagree that Lazard is “nowhere near GS/MS level.”</p>
<p>^that’s fair…to some extent. I still maintain that GS/MS are a step above all their peers, but the elite boutiques and JPM are the next best thing and will have great opportunities. GS/MS just have a name that’s slightly stronger than the others, and since this is such a brand-heavy industry, that gives them a slight advantage over the others.</p>
<p>Circus Clown. Everybody loves clowns and there’s always a birthday somewhere.</p>
<p>GS and JPM are above Lazard as far as prestige goes. But Lazard is probably more prestigious than Evercore, Greenhilll, and Moelis. It is at least on the same level. JPM is not way more prestigious than those 4. GS, MS, JPM, Lazard, and Greenhill would probably be the top 5. There would be a slight gap after the first 3. Evercore, Moelis, Blackstone, CS, Barclays, and DB would be next (a couple more could be argued for in place of some of these).</p>
<p>So- Tier 1-GS,MS, JPM
Tier 2-the other 8 and maybe a couple more
You could say JPM is in between the 2 tiers.</p>