My bad (This shouldn’t be posted)

you realize they won't let you work overtime unless absolutely necessary right?

Yeah, there's nothing wrong with (and it's arguably good to be) working at Mastercard, but I wouldn't base my decision on the hope/assumption that you'll be clocking 15 hours of OT every week.

yeah no fucking way they would let you clock 15 hours over for an entire year. they would fire your ass thinking you were inefficient at your job.

If they were going to have you/let you work 65 hours a week, you would be salaried without overtime just like IB does.

Thanks!

They won’t let you work anywhere close to enough overtime to earn IB pay. I am also sure that the pay progression and promotion cycle will be much slower and there will be fewer benefits, e.g. no $25 meal allowances during weekdays.

I wouldn't worry about the pay as long as it's enough to cover student loan payments and provide decent shelter and food lol. Right out of undergrad, really the only thing that matter is experience- so I think you need to decide if you think this job will challenge you and help you develop marketable/transferrable skills. Keep in mind that fintech is a huge, fast-growing space so being a product guy at one of the biggest payments companies in the world could set you up well to join a startup or faster growing company, and you could end up making more than career bankers and probably have a much better lifestyle. You would have be comfortabe with taking risks tho.

Also worth noting is that its a really shitty time to recruit for IB right now. I don't know your background but seems like IBs are reducing headcount pretty much across the board- all of this is anecdotal but have heard multiple places that return offers are low and my friends going through 2021 SA recruiting are having a very difficult run. I wouldn't turn down a FT offer in this enviroment right now tbh, but maybe I'm just paranoid lol.

However, you could just take this offer and renege if an IB offer comes up, if you're really set on IB. This gig doesn't sound bad tho- obviously making less than IB analysts (and a career in PE, IB, or VC is probably the best paying career track on a risk adjusted basis), but you're also working way less hours and could set you up to make a ton of money down the road if you're entreprenurial.