Hey all,
I'm wanting to apply to Top 15 MBA programs in the Fall and am honestly feeling a little insecure about a career move I made a year and a half ago. I'm 28, will have 6 years experience. My goal is to land an IB Associate gig, post-MBA. A little background:
I started out in Big 4 risk advisory and got promoted to Senior Consultant. The questionable move is leaving Big 4 for a large global bank to work in its regulatory report testing function (think audits over Federal reserve/capital reporting), with a weird change in title/job responsibilities.
I left Big 4 to get more technical experience in banking and see what the industry was all about. Also, the role I took had good opportunity/visibility associated with building out a fledgling program. After a year, I started a new role, reviewing federal reserve and capital reports, diving into the bank's financial statements. I understand banking financials quite well. The new role is less project management focused and more technical accounting focused. Been at the bank for 1.5 years total.
When I came to the bank, I took a job with an unofficial title within our group as "program management team lead". The bank itself gives you an official title though, where they start you out with a "consultant" title. But they only take people with 4+ years experience and start you out at that level (there are Big 4 Senior Managers who come over with a "consultant" title). How do I explain going from Senior Con to Con? Or do I lean on the group's unofficial title of "team lead"?
Also, the current work experience seems to have less leadership responsibilities compared to my former Big 4 role. The group's culture here is more collaborative and less vertical. I have had opportunities to lead side projects and whatnot, however.
I guess I need help with spinning this when it comes to writing my B-school essays, and then hopefully I get interviews and will be explaining this in person.
Thanks!
How much of a bump in salary did you have when moving from Big 4 to the bank? I think that will show that you didn't take a job below your level at Big 4, and took a higher salary.
"Consultant" title in general is very weird in business, I believe some consulting firms call "Consultants" those after MBA while others call fresh college grads as "Consultant".
Yes, I got a sizable pay increase and larger bonus target. The decrease in responsibilities/leadership is what I'm uneasy about, but I do believe it can be spun in a positive way. Maybe need to speak more to leading special projects at the bank and helping stand up a new organization.
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