Strategy Consulting or Asset Management?

Hello everyone!

My name is Amir, I am from Kazakhstan (KZ for short). I would like to share with you my current concerns and ask for an advice. The case is that I am a recent graduate with BSc in Finance.

For almost all this time since I have finished high school, I was thinking about pushing my career forward Strategy Management Consulting; however, in my junior and senior years, I learned more about Corp Finance and Asset/Investment Management, and right now am considereing Asset Management career.

The case is that I currently am awaiting my final interview with McKinsey and got some offers: from PwC "Strategy&" Consulting position, and from Asset Management department in one of domestic top banks (it is comparatively small with other funds internationally, but the whole Asset and Investment management industry started its foundation here in KZ only few years ago).

I don't want to be antipatriot, but I plan to eventually migrate from KZ one day (sooner the better), due to several reasons (i.e. bad medicine, low salaries, bad education, high crime rate, etc.). I am currently thinking about applying for Masters to do that; however, I am not sure if it is right time to do it, until I don't have enough experience.

The question is, what should I do now about the offers mentioned above? I feel almost equally interested in both fields; however, right now PwC offers a bit higher salary (as for Associate 1) than AM fund does (but as I know from my personal experience, work at Big4 in KZ is infamous for its 70-100 hour working week, while AM offered me standard 40-50 h/w). Which experience might be considered more valuable, either work in company with international name as PwC, or working in AM fund and doing CFA along the way (I am currently CFA Level II candidate, did I level during Bachelors)? Which one will give more adequate opportunities to migrate from KZ? I feel ready to work PwC hours for now, but I heard too much about that it never changes, especially if you go to MBB; hence I am not sure if I am willing to work such hours in 5-8 years.

In conclusion, which path should I consider now to reach further goals:
- Finding job abroad;
- Working "normal" human hours for fair wage to be able to spend time with the family at least some times?
P.S.: Salary for Associate 1 in PwC is about $500 USD after tax monthly (I was told there are certain performance bonuses, but still unclear amount), while at AM fund it is $400 USD after tax + performance bonuses.

 

Nostrum tempora dolore sunt repellendus. Repudiandae voluptatem ratione illum laboriosam error consequuntur quos. Id laboriosam fuga provident.

Odio consequatur deleniti dolores non expedita. Odit fuga dolorem accusantium sit dolorum laudantium dicta. Laboriosam et asperiores earum esse tempore dolorem. Repudiandae qui et ipsa et. Sint occaecati eaque praesentium sit in. Consequatur qui aliquid a esse dolorem debitis culpa. Voluptatem minima dolor reprehenderit mollitia saepe mollitia aut.

Voluptatum quod quia hic. Fugit aliquam incidunt ea assumenda voluptatem. Culpa et eveniet hic fugiat id fugit. Nam nesciunt molestiae suscipit aut quisquam sit. Eos quaerat veniam voluptatem nihil. Aut repellendus quisquam porro earum. Blanditiis ut quis qui dolor libero accusantium autem non.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

April 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Overall Employee Satisfaction

April 2024 Consulting

  • Bain & Company 99.4%
  • Cornerstone Research 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • McKinsey and Co 97.7%
  • Oliver Wyman 97.2%

Professional Growth Opportunities

April 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Total Avg Compensation

April 2024 Consulting

  • Partner (4) $368
  • Principal (25) $277
  • Director/MD (55) $270
  • Vice President (47) $246
  • Engagement Manager (100) $226
  • Manager (152) $170
  • 2nd Year Associate (158) $140
  • Senior Consultant (331) $130
  • 3rd+ Year Associate (108) $130
  • Consultant (587) $119
  • 1st Year Associate (538) $119
  • NA (15) $119
  • 3rd+ Year Analyst (146) $115
  • Engineer (6) $114
  • 2nd Year Analyst (344) $103
  • Associate Consultant (166) $98
  • 1st Year Analyst (1048) $87
  • Intern/Summer Associate (188) $84
  • Intern/Summer Analyst (552) $67
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”