PIMCO vs Bain
Dear fellow Monkeys,
I have in my hands a wonderful problem, I have two offers: one from PIMCO for an Account Analyst role and one from Bain for an Associate Consultant role and I would like to hear your thoughts on which way to go.
Personally all I care about is maximizing earnings out of a 40 year career. I don't mind long hours nor do I mind travelling (yes I'm that much of a tool). While I do prefer finance and investing I find Bain to be quite an exciting place as well so not a strong preference either way.
The PIMCO offer would be in a major financial centre, think London/NY while Bain would be in a European city that has a much poorer job market outlook, think Madrid/Paris/Milan. Ultimately I only care about location insofar as it will impact my networking and exit opportunities.
As it stands PIMCO offers more money to begin with though I'm unclear as to potential progression and whether Bain might top that in the long term.
Any opinion that you might have will be highly appreciated.
Thank you fellas
I believe the account analyst position is more of a client service role than anything where you'll get a real set of transferable skills, while Bain could prepare you for anything from corporate strategy to private equity.
Also PIMCO's not a place I'd want to touch right now.
Yep, take Bain and don't look back. Bain is an awesome place to start a career, and having the name on your resume opens doors down the line
As others have stated, I'd hesitate on PIMCO now simply because they're in a state of flux and even if they weren't a consultant role at Bain will open far more doors even if you're not in a financial center.
Take Bain and don't look back!
if Bain is actually Madrid or Paris I'd take it in a heartbeat. If Milan... meh...
The Bain role is more highly regarded. You run the risk of being branded as "staff" vs "line" with the PIMCO position.
http://en.wikipedia.org/wiki/Staff_and_line
thank you very much guys I appreciate your input. I suppose it needs to be said that in the Bain office in question:
1) exit opportunities are somewhat limited in the country due to lack of large organisations able to afford hiring an ex consultant
2) there will not be much of an opportunity to see different practices. Entry level consultants are usually staffed on a practice once they come in and they will most likely spend the rest of their time in Bain stuck in that practice.
3) there is no opportunity or indeed limited opportunities for consultants to work in different offices whether it be permanently or temporarily
4) compensation for entry level consuntalts is roughly the same as other countries but then grows much slower about 10% a year and there are no significant jumps from one level to the next
is Bain a better option even knowing all of this?
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