I’m exploring options for a career in finance i came across these 2 as the most popular choices. Both these branches have good pay and very big companies hiring people. Google couldn’t make me understand the difference . Also for someone who is going to get an engineering degree is it possible to get into finance with an MBA later?
In: 0
They are entirely different industries. Investment banking is a financial service, basically moving money around. Management consulting is advising businesses on how they run themselves with the aim of improving their performance. It overlaps with strategy consulting and operations consulting.
Yes, it’s possible to change careers, many MBA students come from engineering backgrounds and go into finance. Which is where IB sits – it’s a banking function concerned with optimizing investments. Management consulting is not finance; while it can address problems in the financial industry, it’s a professional service aimed at solving business problems; from anything like how do we price, to how we organize businesses, where do we put manufacturing locations, how do we transport goods to how do we optimize the flow of customers on the floor of a store.
Latest Answers