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?
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.
Sounds like you are answering your own question. Since you said the money is less at MBB, the only reason to not accept the tech offer is if you think you would like consulting more. Since that does not appear to be the case, I'd accept the tech offer.
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.
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.
Choosing tech over consulting? (Originally Posted: 07/25/2016)
Hi Everyone,
I am currently pursuing a masters at a top UK target and am doing a sales internship at a 10bn tech company. The company is growing very quickly, with my division projecting 40% growth in headcount over the next 8 months. Additionally, I enjoy the role and I am good at it. I would also make more money than I would in consulting in the first 2 years by a decent margin.
However, most people here are not that pedigreed. I am worried about not pursuing the more "prestigious" companies (f.i. MBB/Google/FB) that I went to this target for in the first place. Am I being reasonable, or stupid to turn down a highly paid 8-5 job at a fast growing company for MBB?
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.
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?
Tech Bank vs Consulting (Originally Posted: 08/05/2012)
I'm considering an offer for a Business Analyst position at global BB (think GS, UBS, RBS, Credit Suisse) in their Technology Division. It's a 2 yr graduate program. I'm interested in the business side as well as the technology side and think this will be a decent opportunity.
My question what are the exit opportunities for a Business Analyst Role in technology compared to S&O consulting? I'm interested in pursuing an MBA later down the road in my career after a couple yrs of experience.
I''ve been networking with campus recruiters from Federal S&O Consulting Firms (Deloitte, BAH), and some other places
Haha GS in the same context as UBS and RBS...thanks for the laugh.
But really there's a search bar for a reason, both have good exit strategies assuming you don't get laid off in 1 year...Since you don't list what you want to exit into, I'm going to say that it's up to you to choose.
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