eli5 What’s the difference between Investment Banking and Management Consulting

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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?

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Anonymous 0 Comments

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.

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