FB vs. IBD vs. MBB - Product Management
I didn't realize the forums were split by industry, so I've got a duplicate post in IBD. If this is against forum rules, as it might be, I'll remove the other post.
I have a rather unconventional schooling record and internship record. I have, however, been blessed to make a really big decision coming up. I'm curious as to what WSO members would do in this situation. I understand that the FB offer is a bit difficult to evaluate in context and there are about a million previous threads similar to this, but I want to know what people would choose in the current tech/finance climate. Recent undergrad in Math/CS
Rough Numbers:
FB (software engineer) - 110k Base + 100k signing bonus + 200k stock vesting over 4 (50k) + perf bonus ~10-20% of base (16.5k) + 7.5k relo = 283.5k first year comp.
401(k) + perks are also stellar, free food, relaxed atmosphere, dogs at work, etc.
I'm not sure if people on this forum will call BS, so here's a few other links to prove that I'm not making this offer up: https://www.quora.com/What-was-the-salary-for-new-... , https://www.quora.com/What-is-the-salary-for-new-g... , https://www.quora.com/How-much-does-Facebook-pay-a...,
https://www.quora.com/What-is-the-typical-Facebook...
This offer is, from what I can gather, a bit above median for a undergrad CS return intern at FB. I know these numbers seem large, but they're large because of the one-off 100k bonus. I also know of several friends at much more selective startups, think *addepar, quora, dropbox, snapchat that have much more generous packages than what I received.
MBB - 6k signing bonus + 71k base + 8k relo + perf bonus ~20% of base (14.2k) + profit sharing (not sure how much) = 99.2k
BB IBD - ~80k + bonus - take home is highly variable (say top bucket is 50-60k?) - 130-140k
I'm also still in the interview loops for some highly selective prop shops, but I'm not optimistic. I also have a less desirable S&T option, but I'm not really considering it.
About my goals: I really want to go to MBB, my dream is to eventually move over to the product management side (something that might not be possible from MBB - tech skills will erode and a lot of firms frown on MBB -> PM; you usually see MBB -> bizdev in tech or sales and marketing). My dream job would be running my own startup eventually or work as a VC. If I'm to be completely aboveboard, I care about total comp more than I care about job content. But I care about total comp over the long run - no flash in the pan kind of stuff.
What would you choose? And would I be crazy to take the MBB job because I don't want to be pigeonholed as a dev?
I work at MBB. My two cents are that if your goal is to become a PM or VC, and that you care more about comp than about job content: Take the FB money.
Assuming you need to stay 12 months to get your signing bonus paid, you could probably lateral FB->MBB anyway, with an additional ~100k in your pocket, and a good background experience to go to PM or VC or Bschool or whatever.
If you aren't quite as money driven, then take the job that looks most interesting.
Take the money.
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