Table of Contents
Who makes more money investment bankers vs consultants?
Depending on specific locations, the exact salary may be different, but generally Investment Bankers make 30-40\% more income than Management Consultants with similar tenure. More on Consulting Salary here. Investment bankers work considerably more hours (~90-100/week), roughly 50\% more than a consultant (~60-70/week).
How much does a Mckenzie Consultant make?
At McKinsey, the salary for entry-level consultants (Analysts) ranges from $90,000 to $110,000 per year, while the figure for MBA-level/experienced Associates can go up to $233,000. Engagement Managers typically earn around $250,000, while Partners and Directors can earn up to $1,300,000.
How much does an investment banker make UK?
Average starting salaries for corporate investment bankers are around £30,000 to £40,000. After three or more years, this rises to up to £50,000. Those with significant experience may earn a base salary of £150,000.
How much do top investment bankers make?
Investment banker salary table
| Title | Base Salary | Total Remuneration |
|---|---|---|
| Analyst | $85k – $100k | $125k – $200k |
| Associate | $100k – $120k | $180k – $250k |
| Vice President | $120k – $150k | $220k – $400k |
| Managing Director | $300k – $1M | $500k – $10M+ |
Do consultants get paid more than bankers?
One ex-McKinsey consultant who now works in investment banking says partners in consulting firms earn more than bankers. “Once you reach MD-level in an investment bank, compensation starts to plateau,” he tells us.
Who are the best investment banks in the world?
Take a look at our picks below for the best investment banks. Best Overall: Goldman Sachs Goldman Sachs is arguably the most prestigious investment bank. It is a public company that’s more than 150 years old; it has more than $2 trillion in assets under supervision as of 2021. 1 2 Many high-ranking government officials spent time at Goldman.
How does investment banking compensation vary by firm?
Investment banking compensation at various levels of seniority (in this case pulled from the WSO Investment Banking Industry Report with over 80,000 submissions) can vary widely firm by firm and year by year. This is especially the case for the volatile investment banker bonus.
Which is better – investment banking or consulting?
Banking vs. consulting. – Which is really best? Investment banking and strategy consulting are like avocados and quinoa: both attract the elite (or, in the words of one ex-McKinsey director , “insecure, deeply left-brain, hyper-intellectual, OCD over-achievers.”). Both pay well.