Is CONSULTING more sustainable than INVESTMENT BANKING?

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In this video we discuss some subtle differences between consulting and investment banking, specifically at the junior level, that can greatly impact the sustainability of the job.
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Disclaimer: the views expressed in this video reflect my own and are based on my personal experience working in both investment banking and management consulting. They may not be representative of the experience at all investment banks and consulting firms.
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0:00 Intro
1:55 Key Difference #1 - the workflows
4:37 Key Difference #2 - the cultures
5:55 Key Difference #3 - time off and vacations
7:04 Key Difference #4 - staffing and project length
8:34 Closing

Опубликовано:

24 июн 2024

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Комментарии : 49

@jarik2510 11 месяцев назад

So well-reflected, a million thanks! ;)

@matthuang21 11 месяцев назад

glad you found it helpful! More to come

@KaraboMoremi 11 месяцев назад

This was a really good video bro. Clarified a lot🙏🏾

@matthuang21 11 месяцев назад

Thanks!

@SreeCharan-dx7oc 11 месяцев назад

Good work bro! Thanks a lot!

@ferinqo26 10 месяцев назад

Nice video; especially free weekends in consulting are almost sacred (some projects might require occassional weekend work tho)

@thaihungduong3055 11 месяцев назад

what a great comparison! Thank you for your sharing

@matthuang21 11 месяцев назад

Glad it was helpful!

@noisonos 11 месяцев назад

Nice Video, thanks for the insights!

@matthuang21 11 месяцев назад

of course, glad it was helpful!

@yellow.sea.forest9269 11 месяцев назад

Nice video, love it!

@matthuang21 11 месяцев назад

Glad to hear that!

@noraabdel12 11 месяцев назад

Amazing vid! Can you talk about how you recruited post grad/with work experience? I want to transition from data analytics to consulting but have heard that the market is difficult right now and I can no longer do on campus recruiting.

@matthuang21 11 месяцев назад

Absolutely! Definitely a relevant topic in today’s job market

@harinikrishnan8159 11 месяцев назад

Hi Matt! The content was insightful, nd i really learned a lot, Thanks😊👍 nd one small suggestion do voice modulation inbetween 😊

@matthuang21 11 месяцев назад

Thanks for the tip Harini!

@sitrakaforler8696 11 месяцев назад

Idk I chosed consulting because I love Industry 4.0 but then Finance pays more so it depends on your goal hahaha Cool vidéo by the way !

@matthuang21 11 месяцев назад

Fair point!

@Tokoroa3420 8 месяцев назад

A speaker (she consults for mining companies in AU) from my university career lectures showed us her 7 to 9 timetable, only having time off between projects. She also talked a lot about faking it until you make it because consultants usually don't have the expertise in the field. I was really interested in consulting at the time but that talk put me off completely. I have been working in risk and investment banking for several years. However, I am still currently under the impression that the work style of a consultant is unsustainable and most graduates and juniors will either burn out or stagnate 2 to 3 years into their consulting career.

@randomstuffman01 11 месяцев назад

Pretty good. Thanks. toronto canada

@jeanbernardmbarga3265 11 месяцев назад

Great video

@matthuang21 11 месяцев назад

Glad you found it helpful!

@smilingbento6025 10 месяцев назад

Hey there! First of all thank you for your work, it's a lot of help! May I ask what do you all think about teaching and tutoring opportunities in finance or financial politics? I think that is the part i'm most interested in. I'm 27, just went back to the university for a finance bsc, and i have background in fine art, so tutoring was a big part of my life, but I've shown a surprising amount of interest (at least it suprised me) reading about economical history, financial politics and of course, as cliche as it might be, the stock (I hold a more or less actively traded stock portfolio since I was 19) and real estate markets. Any help or suggestion is tremendously welcome! Thank you guys in advance!

@matthuang21 10 месяцев назад

Thanks for your comment! Unfortunately I can't speak to teaching opportunities in finance, though I'm sure there are opportunities for somebody with your experience. If you are interested in working in asset management (given your interest in stocks), you may want to consider equity research - its a good entry point and they tend to hire from a more diverse set of backgrounds (in the US at least)

@smilingbento6025 10 месяцев назад

@@matthuang21 Oh my God, thank you very much for answering personally! I'll look more in-depth into equity research, thanks for putting it onto my radar. I'm sure my perspective will mature and evolve during the years of the university, nothing is set in stone at the moment for sure, but i like to have a plan ahead, something to grasp onto, even if it's just a roughly laid out one. Once again thank you very much! I'm looking forward to your videos and wish you all the best and the greatest career you can imagine for yourself!

@chandraswaroop2061 11 месяцев назад

Subscribed🎉❤.. Wish me best luck bro❤

@matthuang21 11 месяцев назад

Good luck - you got this!

@samuel9607 10 месяцев назад

Surly consulting will get you into buyside in no time lmao

@oneandonlyflow 9 дней назад

How much financial modeling could you learn at an MBB (say if you do PE DD) and how big would the skill gap be compared to an IB person?

@matthuang21 8 дней назад

Very little financial modeling in consulting even if you’re doing DDs. The modeling you do in DDs is often market modeling (projecting the size and growth of a market). Investment bankers have a huge leg up if we are talking purely financial modeling (3 statement, DCf, LBO, etc). That said, lots of consultants reciting for PE roles end up just self studying the financial modeling.

@davontawilliams3958 6 месяцев назад

How Much was you making in consulting vs IB ? Was it the same amount or less ?

@matthuang21 6 месяцев назад

Took a slight paycut to move to consulting, if you wanna maximize pay I recommend banking

@save_often 11 месяцев назад

They're both tough. The issue with investment banking is that they fire everyone at 40.

@BOSSDONMAN 11 месяцев назад

Is that because salary growth gets too high and it's too expensive to keep older people around?

@Bobxchen333 11 месяцев назад

why do they fire every one at 40 ? is it because people at 40 no longer have the energy to work long hours in investment banking ?

@chandraswaroop2061 11 месяцев назад

Supply and demand

@kyoli9847 10 месяцев назад

Wow retire at 40, sounds good

@jethrojacinto2798 6 месяцев назад

I wish you didn't actually include the name of the company, it would've been much funnier kinda a IYKYK joke 0:42 Also I'm glad my MDs were "nice" or I guess were competent enough to mark up my PDFs in the actual PDFs and not mark them physically which I have dealt with and it was a fucking nightmare.

@matthuang21 6 месяцев назад

Yep, only real ones know how bad it can be trying to decipher illegible handwritten comments when it’s midnight and every minute counts

@laidonald.0517 11 месяцев назад

If I may ask, why did you jump from investment banking to consulting? Was it because of the working culture that you mentioned in the vid? Or because of other reasons?

@matthuang21 11 месяцев назад

A combination of reasons which I will cover in a future video (stay tuned!), but partly due to working culture and also a desire to learn more about the operational side of businesses and how strategic decisions are made

@MubaraqAdedayo 5 месяцев назад

does this apply to big 4 consulting jobs in any way?

@matthuang21 5 месяцев назад

Broadly speaking, yes - many of the things I discussed apply to Big 4 consulting jobs as well. For example, although you may work on more implementation projects vs strategy at Big 4, you will still have much more predictability over your schedule than a banker who doesn't know when their M&A deal is going to close. You also benefit from "beach time" in between cases, and you also likely will collaborate in shared ppt files with the team vs the standard practice in Banking of having to pdf your work, email it to the MD, and get comments back. Hope this helps!

@FA-dz8ls 10 месяцев назад

I am curious about the “stress”. Which job is more stressful? I think consulting is more stressful given that a lot of time I was assigned to do a task that I don’t know how to approach. So I need to think about an approach + aligned + finalizing the work in a very short of time

@matthuang21 10 месяцев назад

Great point! I think it depends how you define "stress". If stress = mental/intellectual demands, then I think consulting can definitely be more stressful than banking at times, especially when you aren't given clear direction and need to "structure the approach" yourself. As a junior in banking, you are largely focused on execution and there is less ambiguous problem solving and framework development like in consulting. If stress = sheer hours in the office / unpredictability of the job, then banking is more stressful because you're working alot of weekends and you can't make plans in advance or know exactly when the deal will finish.

@alexisgomezsalinas3560 11 месяцев назад

Investment bankers actually help businesses, consultants are just parasites.

@TopFearless 10 месяцев назад

I get where you're coming from but Consulting definitely has its place. It's just that nowadays it is being used way too much for bypassing important decisions or responsibilities to outside parties