Jobs in consulting and banking share certain similarities: both are typically eyed up by driven individuals, who are looking to be challenged in their careers and receive a high compensation in return. The Wall Street Journal recently reported that recent college graduates are receiving six-figure starting salaries across banking and consulting roles. Yet, here at Hiperpool, we have found that more and more junior bankers are looking to jump ship to consulting roles after a few years in finance. What are the main incentives behind moving from finance to consulting, and how can you actually make the change? Keep reading to find out!
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1. A broader variety of projects
Consultants are able to gain a more holistic and cross-functional view of the companies they work with, unlike bankers who will likely specialise in solely the financial components of an organisation early on. This will allow you to gain exposure to a broad variety of industries and projects instead of being pigeon-holed into one function too early on.