Investment Banking Industry vs Management Consulting (Read BEFORE you vote!!)

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theECONOMIST
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#1
Report Thread starter 16 years ago
#1
Info on Consulting:
www.imc.co.uk (scroll to bottom of page and download booklet by insidecareers.com.
Info on Banking:
www.vault.com
www.wetfeet.com
www.efinancialcareers.com
(consulting info also available on vault and wetfeet.
Now; which of the two careers do you find more attractive?
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LH
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Create a few more threads if you want - are you sure three's enough?
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RyanW
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(Original post by Lord Huntroyde)
Create a few more threads if you want - are you sure three's enough?

I personally don't think there is enough!
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PuffDaddy
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I think consulting sounds much more interesting BUT I really want a career centred around the financial markets, it seems so energising. Banking itself seems a bore but other areas like trading sound like the dogs bullocks.
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RyanW
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(Original post by PuffDaddy)
I think consulting sounds much more interesting BUT I really want a career centred around the financial markets, it seems so energising. Banking itself seems a bore but other areas like trading sound like the dogs bullocks.
How do you plan to get into that mate? Are you hoping to be a stockbroker?
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Jump
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Trying to keep my options open at the moment hence the choice of an economics degree. Looking at financial management within organisations and corporate law aswell.
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RyanW
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Are you doing Economics at University at the moment? Is it extremely maths orientated?

(Original post by jumpunderaboat)
Trying to keep my options open at the moment hence the choice of an economics degree. Looking at financial management within organisations and corporate law aswell.
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Jump
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(Original post by RyanW)
Are you doing Economics at University at the moment? Is it extremely maths orientated?
Nope not yet, 2005 entry so I don't even know where I'll be doing it. But I've heard it will have alot of maths, although more on some courses than others.
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RyanW
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#9
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How you planning to go about getting a career in such a field?
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HammaL
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(Original post by RyanW)
Are you doing Economics at University at the moment? Is it extremely maths orientated?

Depends to the university. Some unis may not have so much maths but some do .
For Example have a look at LSE's BSc Economics course, heres the modules u need to study for the first year in (detail)

· Mathematical Methods

Matrices, reduced row echelon form, rank. Systems of linear equations, Gaussian elimination. Determinants. Vector spaces, linear independence, basis, dimension. Linear transformations, similarity. Eigenvalues. Diagonalization. Orthogonal diagonalization. Complex numbers. Vectors. Functions of several variables, derivatives, gradients, tangent hyperplanes. Optimisation including Lagrange’s method. Vector-valued functions, derivatives and their manipulation. Inverse functions, local inverses and critical points, use in transformations. Integration, differential and difference equations. Some applications of the above topics.

· Economics B

Part A : Consumer behaviour; theory of the firm; competitive markets; monopoly; factor markets; general equilibrium; welfare economics.

Part B : The interaction of aggregate demand and supply to determine real income, employment and the price level. Inflation and unemployment. The effects of international trade and financial transactions on the economy. Under what conditions can monetary and/or fiscal policies be used effectively

. Elementary Statistical Theory
Descriptive statistics including some exploratory data analysis. Probability and distribution theory. Ideas of statistical inference. Estimation and hypothesis testing. Statistical methods, regression, correlation, analysis of variance.


Plus one other option!
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BazTheMoney
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Report 16 years ago
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Where's the "I want a life" option. :rolleyes:

Erm. If I had to go for one it would be Consulting, I can't think of anything more boring than being a banker.

LSE is an exceptionally mathematical course, it shouldn't be taken as the norm, not even for a BSc.
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Isabelle_D
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#12
Report 16 years ago
#12
Consulting seems to have a higher percentage of females. I'm sick of all those wannabe city slickers (slimeballs), they better fight to keep it male dominated because once the women get a hold its downhill for the men from then on.
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mangomaz
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#13
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(Original post by BazTheMoney)
Where's the "I want a life" option. :rolleyes:

Erm. If I had to go for one it would be Consulting, I can't think of anything more boring than being a banker.

LSE is an exceptionally mathematical course, it shouldn't be taken as the norm, not even for a BSc.
i think banking looks really fun.... if u ignore the really long hours. i figure ill jus get to a nice MD position shud b easier then haha yes its not that easy i know...
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Falguni
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#14
Report 15 years ago
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I'm stuck betweeen choosing Consulting, Banking and Accounting - hmm but I need to decide so that I can apply to the right internships for next year's summer vacation.
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Brown Patrick Bateman
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#15
Report 15 years ago
#15
There is a compromise between banking and consultancy... the work I was doing this summer was pretty much management consultancy within an investment bank. Assessing trading performance within a division to set future goals and consider new strategies etc.
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