How to increase my comp trajectory?
Currently stuck in the corporate pay progression with small yearly % increases and promotions every few years. Only prior experience is about 1.5 years in IB before making the switch onto two years in corporate now and don't see jumping to another corporate role for higher comp being meaningfully different. Would the best path be to get an MBA to restart in either IB or consulting for a few years and set a higher floor on my total comp at more like $300-400k? Currently making about ~$150k and feeling a bit stuck looking a few years out.
You’ve done 1.5 years in IB and 2 years in corporate - if you want to go back to IB, why don’t you just lateral back into a junior associate role? No need for the MBA unless you want it
I thought about trying previously for lateral analyst (AN2/AN3) positions but wasn't sure if I'd be competitive anymore being out of IB for 2 years compared to current analysts. Doubly so for associate roles that all mentioned having an MBA+1 year exp as an associate or being an A2A promote - 1.5YOE seems weak for those positions and I imagine the corporate experience doesn't count for much in terms of getting credit. If you disagree though, I'd definitely look into it more and try to make the jump without MBA if possible.
bump
Bump - are there any other job moves that may make sense with my past experiences instead of an MBA too?
Old post - but was there any update here?
In a similar spot. 5 yoe and plateaued at 150k, hoping to get a raise to 165 this summer but even that seems paltry in comparison to what my friends are making who stayed in finance.
Seems like the only way to truly reset at this point is to get an MBA. Getting no traction with headhunters in my current spot, so the only path forward seems to be M7 -> sell side -> re recruit for buy side.
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