Module II· Why IB / Why BankingIntermediate
Question

How do you differentiate investment banking versus management consulting in a 'Why IB' answer?

Answer

Say consulting is broader strategy and operations work, while investment banking is closer to transactions, valuation, financing, and market-based corporate decisions. If you have consulting exposure, frame it as helpful but explain that you prefer quantifying value, building models, and seeing decisions through capital markets or M&A execution. Do not criticize consulting.