I am an incoming M7 MBA candidate with 5 years work experience in "lower tier" banks hoping to break into bulge brackets. Will banks consider my deal experience and give me higher pay and/or more responsibilities?
So I am angoing to an M7 business school this fall and I aim to use the MBA to " " to a bulge bracket bank. Prior to that I worked in corporate banking (1 year) then investment banking (4 years) for a "lower tier" bank (think , , , ). Have worked on some good deals but not WSJ front page worthy. I studied in a sub-Top 50 public school, hence why I was not able to get into 's right out of undergrad.
Anyway, will the banks consider my previous deal experience? Like will they put me up for fast track promotion or at least give me more responsibility right off the bat? Or will I be treated like a complete newbie together with the ex-veterans and ex-doctors in my cohort who will also start at Associate? Also, will I be paid more or will I be paid the same salary as such peers? I am hearing conflicting opinions on this so I am not sure how this works. There is the group which says that the MBA is effectively a reset and then there is the group which says that I could be promoted to VP quicker.