Got an offer out of the blue - would appreciate advice

So last month when I was scanning different positions on OCR, I saw a data analysis consulting position listed and figured "Eh, sounds interesting and would be good for interview practice". Well, I find out the other day that I got an offer. I had my mind set on doing a finance-related position having had interviews with BBs and various boutiques for FO/MO/BO positions. Now, I"m thinking whether I should REALLY consider this. Position would move me to Austin (I'm from NY) and pay isn't up to par with NYC finance positions but considering location, it really isn't bad. I spoke to a friend doing consulting at a Big 4 and he felt I should 100% take it, and that I'd have plenty of exit opportunities especially with how quant based it is. If anyone else has any advice they could share with me, I would really appreciate it. Thank you guys.

7 Comments
 
Kanon

Can you expand on what the role actually entails?

Sure, basically, as an analyst, I'd work with directly with the client (they work with mostly F500 companies) in finding out what their problem is and how to address it. For example, a company comes to us and says "We want to increase revenue in this market". I would look at all of their relevant data and figures and through various forms of analysis try and create a solution that would assist them. Very general but that's essentially the gist of it.
 
Best Response

That sounds pretty interesting. Seems kinda like consulting, but more data analytics driven. If you have nothing else, there's no harm in taking it - sounds like it can be quite worthwhile. Just make sure that your role will allow you to do something that requires deep analysis (or building something from scratch) as opposed to just grunt work, and keep networking with BB/MM/boutiques on the side.

And like stated above, you could renege if you do happen on a banking opportunity after taking the offer. It's not ideal, but being in a different industry there's less harm in burning a bridge.

 
Kanon

That sounds pretty interesting. Seems kinda like consulting, but more data analytics driven. If you have nothing else, there's no harm in taking it - sounds like it can be quite worthwhile. Just make sure that your role will allow you to do something that requires deep analysis (or building something from scratch) as opposed to just grunt work, and keep networking with BB/MM/boutiques on the side.

And like stated above, you could renege if you do happen on a banking opportunity after taking the offer. It's not ideal, but being in a different industry there's less harm in burning a bridge.

Fortunately, from what I've read, the company is noted for giving analysts a lot of responsibility and not really anything, at least from what I read, that could be regarded as grunt work.

But as you and Oreos stated, it does indeed sound like an interesting job where I'm positive I would learn a lot. Thanks for your advice guys.

 

Take it, if you're able to get a banking job then reneg. The jobs are in sufficiently separate sectors for the bridges burned to have minimal potential deleterious effects.

Notwithstanding the above, the job sounds interesting and shouldn't be looked down upon.

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 

Any way you could share company name? (PM me if you want). I'm in Austin and can probably tell you more.

Currently: future neurologist, current psychotherapist Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)
 

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