Banking vs Consulting vs PE From Someone Who's Done All Three! (BCG, Baird, Wind Point)

In this episode, Jen Kim discusses her dynamic career across banking, consulting, and private equity.
👊Crush the GMAT with TTP👊
►Try them out for 5 days for just $1 using my link below!
►targettestprep.referralrock.c...
🍎Sign up for my courses🍎
► How to get into MBA programs: forms.gle/9yEyycuP7NnQBjue8
► How to get into investment banking: forms.gle/wt4cZrezbxVgNzGUA
► How to get into management consulting: forms.gle/MmPxUqur7vBschUu9
🧑‍🎓Career Resources👩‍🎓
► Buy the Resume That Got Me Into JPM: rareliquidcareers.com/
► Wall Street Prep (Use code RARELIQUID for 20% OFF!): gv142.isrefer.com/go/rliquid/...
► TTP - The BEST GMAT prep resource: targettestprep.referralrock.c...
► Books I recommend: amzn.to/3gy28xv
► My filming equipment: a.co/cf97WjW
🎥Related Videos🎥
Investment Banking vs. Management Consulting: • Investment Banking vs....
Hedge Funds vs. Private Equity vs. Venture Capital: • The BEST Beginner's Gu...
A Beginner's Guide to Private Equity: • The BEST Beginner's Gu...
A Week in the Life of a Wharton MBA Student: • 🎥 A Ridiculously Busy ...
Tips for Getting Into Your Dream MBA School: • Tips For Getting Into ...
Interview with Bain Capital PE Investor: • Breaking Into Private ...
⏱Timestamps⏱
00:00:00 - Introduction
00:01:51 - Jen's personal and professional overview
00:03:55 - Decision to enter banking
00:05:40 - Banking experience and group joined
00:08:11 - Preparation for consulting cases
00:11:17 - Consulting interview process
00:17:45 - Practice for consulting math
00:18:53 - Work-life balance in banking vs consulting
00:25:43 - Explaining the value of consultants
00:30:08 - Partners' specialization in consulting
00:31:38 - Client buy-in at different levels
00:34:57 - Overcoming imposter syndrome
00:36:55 - Gaining professional skills from consulting
00:45:08 - Responsibilities
00:49:00 - Impact of travel on work-life balance
00:51:06 - Qualities of a good consultant
00:56:11 - Decision to switch to private equity
01:09:24 - Reason for leaving private equity for business school
01:11:56 - Advice to younger self
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
📱Interact With Me📱
► Instagram: / rareliquid
► Twitter: / rareliquid
► TikTok: / rareliquid
► LinkedIn: / ben-chon-8b0ba34a
► Business Inquiries: [e-mail]
🔎Disclaimer🔎
Some of the links above are affiliate links, meaning that at no additional cost to you, I may earn a commission if you click through and make a purchase.

[@rareliquid]

👊Crush the GMAT with TTP👊 ►Try them out for 5 days for just $1 using my link below! ►targettestprep.referralrock.com/l/rareliquid/ 🍎Sign up for my courses🍎 ► How to get into MBA programs: forms.gle/9yEyycuP7NnQBjue8 ► How to get into investment banking: forms.gle/wt4cZrezbxVgNzGUA ► How to get into management consulting: forms.gle/MmPxUqur7vBschUu9

[@cocomarineblu993]

As someone who recently left McKinsey, being on the beach now, essentially means your at HIGH risk of getting concerns for underutilization. They have aggressively cut anyone not performing or not consistently staff, the brand was diluted they over hired and there is not enough engagements (projects) to go around, it’s not a great look. You’re not going to get credit for beach work, no one cares. The new simplified staffing model also doesn’t help people get staffed on projects they are passionate about. It’s still a great company but not glamorous. They also stopped a lot of extra travel, chances for international projects, etc.

[@bobbyjames905]

Post growth era

[@matthewlivingstone8270]

This marks the first time I’ve seen someone seriously cite Chat GPT

[@taxu79]

She is eloquent and articulate!!no wonder why she landed those jobs

[@Kristmaskrampus]

Great insights! Love the candor!

[@UNKNOWN-1589]

These videos are golden !

[@Benjamin-Zhu]

Thank you Ben for the awesome content. It was super helpful and I really appreciate it! Keep rocking!

[@sugarxnspice]

I love your channel! Every interview is so carefully crafted you seriously have the best content out there for career and industry insights, hands down

[@rareliquid]

thanks!

[@westcoastkidd17]

Excellent interview. I have no plans on banking, consulting, or PE because it's outside the realm of possibilities at this point in my life, but I love learning about the career paths of others, especially in "prestigious" finance.

[@rareliquid]

glad u enjoyed!

[@doziee.1093]

Great video Ben, keep it up!

[@doziee.1093]

Hey Ben, a great episode would be someone with Hedge Fund experience (preferably event-driven or long-short investing), please and thanks.

[@rareliquid]

It’s actually in the works!

[@kevinsuh5313]

I personally like PE the most out of those three. Love you Rareliquid!

[@mayankkalra2118]

Really enjoyed the video! Any advice for someone with international IB experience? I was at a boutique, focussed on financial sponsors advising growth stage startups on VC/PE capital raises. Moving back to the US next month (I've worked in the US for about 2yrs in supply chain consulting in healthcare back in 2020 before pivoting to IB in India). Goal is to get into IB in North America.

[@jordanansari4210]

Hi Ben! What software do you use to edit your videos?

[@yogeshbhagat9365]

Hi Ben , what do u think about comparison between hedge funds and top hft firms in terms of compensation and do u think hft hype is worth it ????🤔

[@Martinezj90]

What keyboard do you recommend for someone who spends most of there day in Excel?

[@tylerejackson]

Another banger Ben, great job! Following your lead 🫡

[@Ken-ul6ll]

It’s be interesting if you interviewed someone that became a CFO in tech after working in high finance/consulting, for a comparison of worlds

[@user-hb2ku5oq5r]

Beautiful road of life¡¡¡Best...

[@deenkobir8013]

How did she cold call lol???? Is there a place I can find senior leaders numbers at MBB?

[@mandingo9928]

need experience to get a job but i need a job to get experience ggs

[@rareliquid]

such is life my friend. offer to work for free at places if you're having trouble getting your foot in the door and work your way up. i worked for free for several years in college before my first paid internship junior summer

[@suryavamsi1868]

​@@rareliquidloved it ❤

[@cocomarineblu993]

And yes most partners do tend to specialize in industry and then also by type of project. Like a partner that works in banking or life sciences. Most people belong to a practice at some point. Once you are an associate or engagement management level (McKinsey) they tend to staff you more into what your past experience has been, some people may also focus more on technology implementation projects, digital transformation, or even growth strategy in new countries (business building)

[@bshelby2k3]

Hm kinda seems like she’s chasing a pot of gold at the end of the endless rainbow 🤔

[@benthraxton]

A WashU grad! Go 🐻!

[@astraysora5725]

Junior in HS, any advice?

[@rareliquid]

get into the best college possible, ideally a target school and work at boutique banks for internships before sophomore winter / spring when junior summer internship kicks in. join the best business organizations on campus so your peers can help you for free. but also enjoy your time in hs and don't worry so much about career stuff right now

[@skandhasuhasbadrinarayan9129]

@@rareliquid Would you say Babson, IU Bloomington, or University of Washington are target schools for consulting or IB?

[@amarmurray2248]

@@skandhasuhasbadrinarayan9129IU Bloomington is a target for some banks and has had great placements over the last few years from its IB program

[@charlottelokinu9606]

Thank you for this video! Jesus Christ loves you and He has a wonderful plan for your life! To give you eternal life and life of purpose, peace, and joy. Come to Christ! He’s calling you!

[@huaweihonor7714]

there is not 'imposter syndrome'... consultants need to exist, because consulting is so simple as an ex-industry Executive working as partner at an MBB and now just doing business with his old industry friends (and of course sharing profits from extravagant fees)

[@user-nr8bd7ve5x]

No offense but WAY too much talking about your experience. Not enough probing for her insights.

[@rareliquid]

also received a comment to make the interviews more conversational so i've been adding more commentary lol i guess i can't please everyone

[@deez994]

Is baird even considered IB? Both baird and JPM are bottom banks. 10 years ago JPM was good but the talent sucks there now

[@rareliquid]

baird is a middle market investment bank. considering u don't know that, seems u don't know much about banking at all and would not have a valid opinion about jpm talent lol

[@deez994]

@@rareliquid lmfao ok. JPM is full of diversity hires....Baird accepts anyone...JPM has turned into a joke of a bank and nobody with any good offers would take JPM

[@deez994]

@@rareliquid congrats on JPM tho! Keep telling yourself it's a top bank

[@lilottovert1787]

@@deez994bro what 😂

[@rareliquid]

i'm not saying jpm is #1 and it's behind MS and GS in terms of top bulge brackets. i'd also take many top elite boutiques over jpm. but JPM does have some groups that are very good like M&A and healthcare, and most of its other groups like lev fin, consumer, industrials, etc. are very solid even if they're not always the best. lots of really great exits out of jpm. re baird i'm not saying it's a top bank but the fact that you had to ask just shows u really don't know much about the industry. if u ever worked in banking you'll hear about a wide range of banks not just at the top but the smaller ones as well