MBB offer worth it?
3rd yr analyst in corporate banking making ~$135 in TC. Still haven’t announced raise for 2022 but new grad offers were bumped to $100k so expecting a decent base raise. Just received an mbb offer with similar comp for my first year since I’m only getting credit for 1 yr experience. My current hours are not bad at 45-50. Do you think it’s worth the jump? Concerned about more hours/ stress that will come with mbb but think it will provide better exits down the road.
I wouldn’t make the jump.
You are expecting a pay raise and are also working little to no hours.
You are in the perfect sweet spot.
You’d be taking a pay cut, potentially be working more hours and won’t get credited for 3+ years of analyst experience?
IMO not worth it
Take it. MBB offer far more growth potential and exit opps than banking by a long shot.
Take it
It’s not worth it and I wouldn’t take it. You will 100% work longer hours at MBB and be paid less than your experience worth. You’ll realize this soon enough if you join. You should really be jumping in at the post-MBA level. There is very little difference in the work between analyst and associate. Maybe wait 1-more year then reapply to MBB.
Take it, don't listen to these other comments. Would you really be getting a pay cut? Correct me if I'm wrong but I'm really skeptical that a corporate banking role will give you a 50-60k pay raise in one year. If you take the MBB role you'll be at post MBA level in 1year where TC is 190k.
Exits, learning curve, caliber of colleagues, prestige is all much better in MBB than CB. Yeah you won't get credit for 2 of your years as an analyst but that's because the jobs are very different. Compared to a 30-40 year career and the long term benefits of MBB, the 2 lost years should not matter. Plus if you've really accumulated so many valuable skills in those 3 years and you think you're being undervalued, you'll shine at MBB and be promoted very quickly.
Only reason to stay is if you really value WLB, this will be something you won't get at MBB as much. But the sacrifice is worth it imo
Take it
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