MBB vs. $125,000
(Monkey, 33
Points)
on 1/31/11 at 7:52pm
I've been offered an MBB position out of undergrad (all in comp probably around $90,000)
Alternatively, I also have an offer straight to a post MBA-level industry position (F500 company) paying about $125,000
What should I take (esp. in regards to exit opps, bschool opps, prestige, working environment, lifestyle, learning, etc.)
Thanks.
I would do the position at
I would do the position at the F500 company unless I had a hard on for consulting. The MBB position is more prestigious because of the brand name and might have slightly better exit opps, but the lifestyle and pay at the F500 are probably loads better.
These types of questions are usually pretty silly, wayyyy to little info provided to make an educated decision.
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lucky you....It probably
lucky you....It probably depends what you wanna do with you life as far as a career...you should probably tell us that but congrats on your offers.
I Got a dollar and a dream...
Is the F500 offer in an
Is the F500 offer in an industry you find interesting? Subjective, but still worth asking. I would take the MBB and go to F500 later, but that's only because I'm in F500 and want out. You know, the grass is always greener mentality.
this sounds like bs to me.
this sounds like bs to me. there's something fishy going on there. 125k for doing what? is that number based off commissions? (sales job) or is it based off some currency conversion? why is mbb paying you 90k? you're obviously not telling us something important here, and why anybody would give an undergrad a post-mba job?
^^A quality undergrad from a
^^A quality undergrad from a top tier uni. is more than qualified to do a post-mba level job at an F500 company because MBAs from the top tier tend to go to banking, consulting, etc.
Yeah I also should've asked if you like the industry of the F500, that is key to your decision. If you really like the industry then it's a no brainer.
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gamenumbers wrote: this
this sounds like bs to me. there's something fishy going on there. 125k for doing what? is that number based off commissions? (sales job) or is it based off some currency conversion? why is mbb paying you 90k? you're obviously not telling us something important here, and why anybody would give an undergrad a post-mba job?
^^A quality undergrad from a top tier uni. is more than qualified to do a post-mba level job at an F500 company because MBAs from the top tier tend to go to banking, consulting, etc.
Yeah I also should've asked if you like the industry of the F500, that is key to your decision. If you really like the industry then it's a no brainer.
90K, all in, it's base 70k + expected bonuses, relocation. Few others have been offered similar prospects.
Industry is tech and telecom, which I'm really interested in. However, I feel like consulting will give me better exposure, and have heard that a consulting year is worth 2 or 3 in industry. From the people I've talked to I'd be expecting 40 hour workweeks at the F500 and around 60 hours + travel at MBB. Just wanted to know whether the increased learning opportunities and exit opps were worth it.
MBB. Is an extra 35K a year
MBB. Is an extra 35K a year for two years (less than 50K total after tax) really that important? You don't put your salary on your resume; future employers won't know or care that you were in a post-MBA position (and FYI, post-MBA positions are still entry level). MBB will have better exit opportunities including b school. If you really want to do tech & telecom, make sure you work on a few cases in that industry.
I feel like there can be a
I feel like there can be a case made for the F500. You get paid more, and you're probably a brilliant guy who can use the F500 experience to get into a top b-school. From the b-school, your F500 experience will make you an attractive candidate for an MBB post-MBA job.
I would totally second
I would totally second EnricoPallazzo above. MBB would be pretty interesting in terms of learning and in terms of the diversity of experience. Industry jobs tend to be less dynamic (I may be wrong in this instance), and also the skill sets you develop may become too narrow and may not be immediately transferable to other firms. At this stage of your career you should be looking at gaining more breadth of knowledge rather than going deep into one industry - that can happen later.
All the best and keep us posted on what you decide to take up
If you got a job at an F500
If you got a job at an F500 with that kind of salary you must be a superstar, and superstars will [should] shine anywhere. If you like the company, take it, you are 1 step ahead.
I don't agree with the comments telling you take the lesser salary (especially $35K less). I probably sure industry experience will be valuable anywhere you go; and being a F500 is pretty good in your resume.
What's your end game? Where
What's your end game? Where do you plan on being 5 years from now?
If MBA is in your plans, I would take F500. If you plan on coming back to the industry, and this F500 industry is an area of interest to you, I would still take F500.
Yes, 2 years at MBB would mean 4-6 years "in the industry", but if you're being offered a post-MBA position, that means you're skipping that "4-6 years" plus MBA anyways. You're saving yourself a lot of time. Unless the industry/function is something that you wouldn't want to do in the long term, taking MBB makes little sense. Even if you take the MBB path, if the industry/function is something you're interested in, you'll find yourself in that F500 position, just 5 years older.
I had a similar choice to make a while ago (though not straight out of UG)--I ended up taking MBB. Although the industry was really interesting, the function was not an area in which I thought I would excel. Moreover, although "interesting", the industry was not my top choice. I was fully aware that I might end up just wasting a couple years of my life, but it was a price i was willing to pay for the chance of doing something I really wanted to do. If this is also your case, then yeah take MBB, but otherwise, MBB makes little sense.
"Superstars will shine
"Superstars will shine anywhere". What nonsense, and I only hope that OP isn't naive / arrogant enough to believe that. There is a reason the best basketball players go to UNC, the best banking candidates go to GS, etc. There is a huge difference between an institution that is great at maximizing the potential of its most talented individuals and one that isn't. Fact is, the institutions that are best at that are elite professional services firm.
Two phrases: 'learning curve' and 'career velocity'. Those are the only things that matter and MBB will blow F500 away in both metrics, regardless of what your F500 recruiter is telling you.
Good luck regardless of what you do, but FWIW back in college I chose arguably the most 'prestigious' non-professional services F500 firm on the planet over MBB and it was the biggest career mistake I ever made.
MBB without question / for
MBB without question / for sure.
International Pymp wrote: MBB
If I had asked people what they wanted, they would have said faster horses - Henry Ford
MBB would not be a better
More is good, all is better
Argonaut wrote: MBB would not
How about Chevron or Exxon? I
More is good, all is better
Argonaut, you might have had
One of those lights, slightly brighter than the rest, will be my wingtip passing over.
Personally, I'd probably take
2x2Matrix wrote: Argonaut,
More is good, all is better
I will go for MBB for really
Why not do MBB for 2-3 years