MBB vs higher paying tech firm?

Hi everyone,

I interned this summer at a tech firm (10bn~) and received a return offer. I attend a target, and also consider doing MBB for FT. However, here in London this tech firm pays extremely well (50-80k GBP for first year, after three years 80-140k GBP). As my goal is to enjoy my job and make good money, I wonder if it is worth going into MBB. Surely most non-PE exits from MBB will not have you get paid 100k GBP after two years in Europe?

Would you guys take MBB over such a tech offer, and if so, why?

 
Best Response

The salary you describe sounds closer to banking money than to consulting money. According to Glassdoor IB analyst at MS in London can expect on average 77 GBP all-in. So if its money that is most important, this is better than consulting. If the work is more interesting than consulting, than this is also better. And if you go for MBB you run the risk of not getting MBB and then you also run the risk of not getting a PE a job - based on the statistics I mentioned the salary will not be significantly higher if you chose that path but you add the risk of having to succeed in two recruitments. This tech job also seems more interesting to you. Based on that, I think its almost a no-brainer. Please correct me if I am somehow mistaken - my experience is rather limited.

 

Thanks for your response. The only worry I have is that the tech offer may plateau earlier; that the rung after manager or even VP is tough, as you'd be a "Sales guy" trying to move into a strategy/senior management type role.

 
DatesExcelModels:

Thanks for your response. The only worry I have is that the tech offer may plateau earlier; that the rung after manager or even VP is tough, as you'd be a "Sales guy" trying to move into a strategy/senior management type role.

After a certain level, almost every good position is a sales role.
 

I wouldn't assume that you will be working for either company longer than 5 years, Therefore, I think it is too early to worry about a plateau that you may never have to deal with.

A lot can change in that period of time, if you experience difficulty getting a promotion with either company, you should be able to leave fairly easily for another good opportunity given your pedigree.

 

If you're good at sales, and I mean you are in fact good (top 5% or even 10%) and you enjoy the work, then your pedigree won't matter. If you could see yourself selling for the rest of your life, then keep with the brandname tech sales job.

You will have several options (albeit in sales/bizdev) but you can make more money than anyone you know and you'll be in the most front office type role in business.

Ultimately if your goal is to be a consultant, then don't be a sales person thinking you can transition into consulting.

Forget about pedigree, because no one asks you what companies you've work for when you have a McLaren P1.

"It is better to have a friendship based on business, than a business based on friendship." - Rockefeller. "Live fast, die hard. Leave a good looking body." - Navy SEAL
 

My goal is not to be a consultant, but rather to use consulting as a springboard into a management/execution role. I believe I can make top 5% at this company (former athlete and my current intern performance is very strong relative to the other interns). I was really amazed at the comp, the very best performers make 100k+ GBP straight out of undergrad with a job that won't require more than 60 hours a week pretty much ever. Does anyone else have thoughts?

 

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