Graduates urged to choose bank jobs over consultancies to earn more long-term

The average new recruit at a consultancy will receive £49,000, just under the £54,000 that a new M&A banker will be paid. But top con­sultancies in fact pay far more than the big investment banks ? at first. However, for those with five to 10 years? experience, the gap will widen enormously ? consultants will typically earn £94,000, versus salaries and bonuses amounting to £212,000 at investment banks.

This article was published in City AM, 19th March 2015