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Unless there's a significant pay differential, these roles are essentially equal. I'd choose based on which company I prefer. Though Siemens might be a bit "safer" given the emphasis on austerity and headcount reduction at KHZ.

On another note, I've been in corp fin. for years and one of my regrets is not having started out in either Consulting or Big 4...such a move really lends credibility to your resume. I got my MBA to compensate, but would have been much easier had I had a service background. If your odds at the Big 4 role are pretty good, you might want to consider taking that gig.

 

Since you've already got that Big 4 experience then my caveat doesn't apply to you. That's a not so insignificant edge.

In terms of climbing the ladder in corp fin, I'd say at my previous F100 and current F50 it's MBA > CPA, but the CPA gains an edge for any sort of Acctg/Controller type concentrations. But really either one will do just fine because past a certain level your results will dictate your climb. I should also add that my companies have picked their execs out of rotational programs, which reduces the need to specialize.

I'd estimate that for the Execs i've worked with and reported to, the MBA/CPA split has been roughly 60-40, and obviously some have had both, but my impression is that the MBA -especially namebrand-was slightly more advantageous than a CPA, unless the CPA had Big 4 experience.

 

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