Want to make $7,500-$10,000 a month with no full-time work experience, straight out of college? That’s the amount of money you would makee as an entry-level consultant or investment banker in a top firm, if you can make it. That being said, the world of management consulting and investment banking are in many ways similar yet vastly different. Let’s find out more about the two jobs:

What is investment banking?

An investment banker is a professional working in the revenue-driving “front-office” that engages in advisory-based financial transactions on behalf of his or her client, which can be individuals, companies or government entities.

Traditionally, an investment banker would know about financial aspects, including knowing how to raise capital via underwriting or acting as the client’s agent to issue securities. Common terms include mergers and acquisitions (M&A) or market-making.

The most prestigious roles in investment banking belong to the “Bulge Bracket Banks” which comprise