Lowball offer, or reasonable?

Based on the most helpful WSO content, your offer seems reasonable but depends on your priorities and career goals. Here's a breakdown:

1. Compensation Comparison:

   • As an A2A in IB, you might currently be earning around $200k+ all-in, depending on your bank and bonus structure.
   • The boutique consulting offer of $180k base and $200-220k all-in aligns with mid-level consulting compensation, though it may not match IB's higher earning potential at senior levels.

2. Hours and Work-Life Balance:

   • IB hours typically range from 70-80 per week, while the consulting role suggests 50-60 hours. If accurate, this could offer a significant improvement in work-life balance.
   • However, consulting hours can vary depending on projects, so the actual workload might fluctuate.

3. Firm Reputation and Career Trajectory:

   • The boutique consulting firm's lack of name recognition could impact your long-term career trajectory, especially if you plan to pivot to other industries or roles where brand prestige matters.
   • IB often serves as a strong platform for exits into private equity, hedge funds, or corporate leadership roles.

4. Long-Term Earnings Potential:

   • IB offers higher earning potential at senior levels (e.g., VPs earning ~$392k and Directors/MDs ~$592k on average).
   • Consulting compensation typically plateaus earlier unless you reach partner level, which can take years.

Conclusion:
If you're prioritizing work-life balance and are okay with potentially slower career progression or lower long-term earnings, the offer could be reasonable. However, if maximizing earnings and maintaining a strong career trajectory are your goals, staying in IB or seeking a more prestigious consulting firm might be better.

Sources: MBB Analyst comp/hours ?, A Guide for Switching From Commercial Banking to Investment Banking, Where is the compensation in banking? Is it worth taking a pay cut for the long-term prospects?, Toronto - Boutique Investment Banking Compensation, Investment Banking Analyst: A True Day in the Life