Anyone has experience doing both? How similar are they?
Is it similar to prepare for IB as consulting?
Hi there, I did. I did UBS training and was interviewed by Morgan Stanley, Citi, etc. But I gradually found more interest in management consulting. Interviewed with McKinsey, BCG and Bain (New York and Shanghai Office). Ultimately, I chose BCG Shanghai to start off.
They are not very similar in terms of preparation. You can prepare a few pitches for IBD. The resumes I sent to IB and consulting are different as well. Consutling is heavily case-focused. Behavorial is also different from IBD's. McKinsey always asks "leadership, teamwork, impact" kind of questions, which you can always prepare.
You are welcome to privately message me if you have any further questions! Good luck.