Career Option Crossroad - Salary or Experience more valued at career start?
Hello, I am currently a senior at a strong west coast university and have a career decision to make upon my graduation this year.
Option 1: Business manager of uncle's small but growing service company. Salary would be 60k to start - would go up later. Still live at home for little while. No expenses. Would lose opportunity if I do not take.
Option 2: Work at a small, alright reputation, PE/investments firm as an analyst. Salary would be 45k. Commute would be just over an hour each way (if still live at home - if not, then rent expense would be added). More stress, longer hours than option 1.
Option 3: Other - Find a different & higher salary entry level position?
Note: I plan to pursue MBA within 6 years out of school and from then would seek a more elite job.
Therefore, at a starting age, is salary/stress or experience/networking more valued?
Thoughts? Thanks
The PE job sounds better, but that salary is a bit low. Its hard for me to understand some companies that can't afford to pay their employees a competitive rate.
First, I would take your $60K offer to the PE firm and try to leverage it. If that doesn't work at all, outline a plan for the future in terms of compensation with the PE firm. Maybe they pay their analysts jack, but if you make it a few years, you're golden.
While you're doing this, keep applying to positions to have as many options available as possible.
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