First post! Need the advice of my ambitious and anonymous peers. I am currently in anprogram with a household name financial services company. It is a very well respected program internally with excellent exit ops in areas like buy-side investments, corp dev, and strategy. Typically the top half of undergrads in the program go on to M7 bschools after 4~ years with the firm.
I actually love all aspects of my current job; the work life balance is excellent, I'm learning alot of quant stuff, and the internal networking is unmatched. The only main issues are my depressed wages (20% less relative to other top graduates from my uni) and a location where I don't have many friends my age and am unlikely to make any outside of work.
I have an opportunity to go work for a large foreign conglomerate with better name brand recognition as a commercial credit analyst in a position that typically requires 3-5 years of experience (I have half a year right now). The location would be better and my salary would match my peers in consulting.
Even though I'd be almost certainly burning the bridges I've been building in my current position, my gut tells me that jumping ship is the right choice. The foreign firm is rapidly growing in the U.S. and I'd be doing some strategy & corp dev. type work in addition to pricing since I'd be one of the first employees in my division. Since the conglomerate makes some of the worlds most popular consumer products, I can probably spin a pretty good story for bschool apps as well.
The new company is currently extremely profitable, but if another financial crisis occurs before 2016, I'd be boned with the new job since the new portfolio I'm helping build would probably be cut. FLDP. The other cost also be losing out on easy networking opportunities with executives across many corporate functions.
I'm envisioning jumping ship as kind of a fast forward for my career: the company is in rapid growth mode, they're starved for talent and new positions are popping up every month. At the end of the day, I also can't see myself staying long-term in my current geographic location, albeit the internal career progression would be fast tracked.
What are you guys thoughts on this? Are there any huge downsides I haven't considered?