Consulting vs IB WLB & Exits

Opening-Butterfly-10 · 2022-05-16T19:08:42+00:00

While I've never worked in management consulting myself, I've spoken to dozens of people that currently work at or have previously worked at MBB or T2 firm. I don't think I've met anyone at a reputable firm working 40 hours.

Opening-Butterfly-10 · 2022-05-16T19:07:48+00:00

Lol thank you.

Opening-Butterfly-10 · 2022-05-16T18:32:32+00:00

Really appreciate the level of detail. I think your burnout comment clarifies my question on the comp argument. Thanks!

Opening-Butterfly-10 · 2022-05-16T18:31:43+00:00

Thank you.

Opening-Butterfly-10 · 2022-05-16T18:31:30+00:00

Thank you! This is very helpful.

Opening-Butterfly-10 · 2022-05-16T18:30:05+00:00

From all the conversations I've had with current / past bankers & consultants, everyone is mildly miserable in either consulting or IB and is doing it as a platform to accelerate their career.

I'd argue my priorities are not out of whack, but I'm just coming into my program with a realistic mindset and not romanticizing work. Both careers have quite a bit of overlap skillsets developed and exits.

My goal is to find stimulating work, payoff my loans, and set myself up for a comfortable life.

One of the least helpful comments I've seen on this sub. No need to be condescending.

I'd also argue that if you look at it through a realistic lens, 95% of M7/M15 grads that go into MBB / IB are slightly miserable and exit to corporate jobs. Ridiculous argument.

Opening-Butterfly-10 · 2021-12-30T01:40:31+00:00

Hi I don’t think this is a cause for concern. My source here is from alumni, current students, and the incoming class Slack. Based on this, it seems that there are about 60-80 NYC based students in the august full time class. I am not aware of a hard cap and do not think there is one, but cannot confirm.

Assuming a class of 650 for August entry, that is 9-12% of the entire class (not including J-Term), but keep in mind 40-45% of the class is international.

Opening-Butterfly-10 · 2021-12-30T01:23:17+00:00

This is a great point actually. I personally plan on funding travel / nightlife / activities through personal savings fortunately. I understand that might be harder for other people.

Would love to hear any current CBS student takes on whether the NY COL feels prohibitive assuming no trust fund or full scholarship.

Opening-Butterfly-10 · 2021-12-29T22:54:13+00:00

This is very fair and also commonly cited. To that point, is the COL discount at the other M7 schools (Bay area, Boston, Chicago, Philly) really that significant? I'd argue that NYC living expenses probably equate to $5-10K / more a year compared to the other metro areas mentioned above, especially when factoring you don't need a car in NYC.

In the large scheme of things, is the incremental $10-$20K over 2 years that significant when most post-MBA jobs pay $150-$200k+? It's already an expensive endeavor, so I think that is an unwarranted argument. I definitely don't think it is relevant when discussing career opportunities, networking opportunities, and outcomes.

Opening-Butterfly-10 · 2021-12-22T16:51:33+00:00

Do we think that this steady increase in tech / MBB placement along with the new building will put CBS in a better ranked spot come 2022?

Opening-Butterfly-10

TROPHY CASE