Non-target dilemma

So here is the story. Undergrad in finance, rotational FLDP program at F500, began studying for GMAT with every intention of going to a top MBA program full time and switching to a career in the finance world (Asset Management).

Scored well on the GMAT, told my employer my plans to leave, and his response was “If you keep working for us and go to a part time program, we will cover 100% of your tuition.” After doing the math and realizing I’d lose 2 years of salary plus have to pay tuition out of pocket if I went full time, I couldn’t talk myself into going the full time route.

Now I have the non-target MBA and am still interested in asset management. My question is would an employer ever look at someone with a good gmat score, non-target MBA, and level I of the CFA in the same regard as someone with a top MBA? I want to make the switch but can’t accept the thought of starting from the bottom at the same level as people out of undergrad and possibly taking a pay cut in the process. Any thoughts/advice appreciated.

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