To leave F500 or not?

I am a couple weeks from finishing my first year in Finance at a F10 Oil & Gas company. The work is really boring, I probably have a promotion coming sometime in the next year.

I went to a non-target state school, so this was really probably the best job I could have gotten from recruiting on campus.

I just got an offer to go to a fairly small firm about 40 people that does Risk and portfolio management for smaller financial institutions.

Do you think I would be better off staying or leaving? The newer job would definitely be more interesting, but it is a fairly big pay cut. I'm not as concerned about the money as I am about the effect on my future prospects.

5 Comments
 

In my experiences I have learned, when it comes to work, money > everything else.

You're born, you take shit. You get out in the world, you take more shit. You climb a little higher, you take less shit. Till one day you're up in the rarefied atmosphere and you've forgotten what shit even looks like. Welcome to the layer cake, son.
 

What do you think you want to do with your career? Staying at the Big Oil company will probably help you more in terms of a B-school app (since you went to a non-target).

Also: define "decently big pay cut".

MM IB -> Corporate Development -> Strategic Finance
 

I'd love to get in to Consulting or IB, neither were really options coming out of school though. As far as the pay cut, would be from mid sixties to around fifty.

I figure the current job would be better for B-school, maybe I could sneak into Duke or Virginia something maybe 10-15 or so. Figure anything top 10 is going to be pretty hard to pull off.

With the new job my thought was that I would be learning much more, and be in a better market. Then I could hopefully network into something better with that experience.

 
Best Response
Billy BeaneI'd love to get in to Consulting or IB, neither were really options coming out of school though. As far as the pay cut, would be from mid sixties to around fifty.

I figure the current job would be better for B-school, maybe I could sneak into Duke or Virginia something maybe 10-15 or so. Figure anything top 10 is going to be pretty hard to pull off.

With the new job my thought was that I would be learning much more, and be in a better market. Then I could hopefully network into something better with that experience.

This shouldn't even be a thought in your mind. Take a 15k pay cut for some no name crap boutique doing risk management?

If you are in a F10 energy company, I assume you are in Texas. Stay the course and get your company to pay for an MBA from Texas.

You're born, you take shit. You get out in the world, you take more shit. You climb a little higher, you take less shit. Till one day you're up in the rarefied atmosphere and you've forgotten what shit even looks like. Welcome to the layer cake, son.
 

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