Consulting vs IB vs Big 4 - which one opens more doors for careers? - Page 2

Hay! I want career advice too!!!

i like the sound of this

Banking has best exit opportunities, in my opinion. Can go to corporate dev or or almost any other aspect of financial services. Obviously if you're at MBB you're not going to worry about placement, but I think the average banking analyst has more opportunities than the average consultant.

I hate to agree with you but this is mostly true..

Oh and the answer to this thread is "it depends"

Here's one from last year that hasn't been circulated ad nauseum: Wall Street Fighter 4. http://www.youtube.com/watch?v=Nlpsvq0k4MI

It's called styleforum

This is what's wrong with America. People can become consultants in fields in which they have not shown previous success. Consulting should not be an option for anyone with fewer than 10 years in their field.

Orly? So you expect 35 year olds with 10 years of field experience to be doing Excel bitchwork? Yes, fabulous business model.

I understand what you're saying, but I wouldn't want to pay consulting fees to someone straight out of B-School, or even worse, undergrad.

Thankfully you are not one of the 95% of Fortune 500 companies that use management consultants and continue to do so despite the age of their project teams. Edit: I don't think you realize that consultants, especially younger ones, are used as mercenaries. You COULD as a company hire a smart Ivy grad to work for you for 10 weeks on a project...oh wait, no you couldn't because in-demand young workers actually want full-time jobs. So you see, it is a way of filling temporary labor needs without dealing with hiring and firing. The senior consultants are similar, but also brought in for obvious industry expertise.

I get why large consulting firms use consultants, and I get why consulting firms hire kids (they're cheap), but the problem lies in the fact that corporations are paying for expertise, that they may or may not be getting.

Wrong. Like I said, corporations are paying for:

a) expertise
b) the manpower to execute on that expertise

If a company just wants brief advisory they hire the appropriate project team. If they need to get shit done, and need good people to do it, they will hire a larger project team with both senior and junior people.

Trust me man, the free market has figured out what the right price for this service is. It's not like America's corporations have been swindled for the last 50 years through a ponzi scheme called consulting.

^^^^^ word It's not really about specific "expertise" most of the time