Dear all,
Outside of Malaysia, investment banking average 50%-100% higher than consulting salaries, with the difference increases significantly as the seniority increases, although consulting compensates with perks that banking does not offer- from better travel packages, to more generous health and retirement packages.

However, is that the general case in Malaysia? Anyone cares to give insight as to how it differs as compared to local IB vs consulting salary?

Edited: Sorry for much general post previously. By the industries outside of Malaysia I am comparing buldge bracket banks (BBs) with MBB consulting (McKinsey, Bains, Boston). In Malaysia, I am looking at comparison between our local top tier investment banks (CIMB and Maybank) with MBBs consulting.
Lower tier consulting firms like Accenture are discarded from the topic as I am only looking at top tier consulting firms. But for local investment banks I have to compare them with MBBs, since foreign investment banks do not have significant presence as the local IBs.

I am talking about total comp. Sorry didn't explicitly explained this on earlier post.

What is the objective of this comparison? These jobs are in limited supply and are only available to a small group. Might not be the ideal position for you.

Research is vital - you would have obtained the information you seek through more reading. These are highly different fields - I don't believe you understand the rigour and nature of the indistries. You don't understand the firms - at the very least, get the names right.

To answer your question, the base for MBB far exceeds that of local tier 1 IBs. Even accounting for bonuses, the overall package for MBB is higher.

This would be different for bulge bracket banks vs MBB.

Fuzzy, we have spoken about this in the past. Speak to your MBB peers, you'll know what I mean.

I m keen to know ts's qualification and his intelligence

Maybe I m incompetent, but get into those places is not easy yo unless you are backed Dato or tan Sri. Lol