...and banks are left to fend for themselves:
Big banks are heavily exposed to business debt, and business debt, which includes commercial real estate debt, has ballooned to record levels, while credit quality has deteriorated. The Fed, in its recent Financial Stability Report, pointed out this issue as a major risk to financial stability.
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30% to Consulting AND Banking?!
It's interesting! The school couldn't even list some example names for "Health Care", "Manufacturing", and many other smaller categories? Do names like GE, Boeing, Dow, Exxon, etc. not sexy on campus? There are also many consulting firms other than McKinsey, Bain, and BCG, and many banking firms other than GS, MS, Citi, Barclay, etc.
So from a pure career or rate of return perspective, it's NOT impressive!