EY Advisory, chance to get outta BO but low pay

MSc while working? doesn't sound like you're being too challenged at work anyway, may as well keep the pay and work towards something else. however, MSc wont get you in as an associate, you'd need an MBA. again, could do that while working, a guy at my firm seems to like his LBS eMBA.

bump please

I'm just a kid so don't listen to me, but I'd never give up a 100k job for something that pays half as much and a chance to go into something else. I don't know if this is an option, but can't you work hard at your job for 10 years or so and then make C-level exec at your firm?

Why not pursue an MBA? A VP of mine did MO/BO for 4 years or so, got an MBA at CBS and is now pulling in over 400k a year MM IBD.

which group are you going to be aligned to within E&Y advisory?

Also it will take you 6 years to get back to your current annual salary.

I think you should try to get into an MBA program instead of going for an MSc. If you are able to get into a top school you would probably be able to find a better paid job in a more senior position.

@ Cries What does "the front office of a back office is still the back office" mean? If you are doing consulting at McK or BCG (which is similar to EY Advisory, even if you have smaller clients, less exit ops,, etc.), I would assume it is considered front office...

He means that however you look at it, accounting is still a BO job even if you're at a Big 4.

They don't do accounting at E&Y Advisory (http://www.ey.com/US/en/Services/Advisory/Performance-Improvement). Obv. they don't tell to Coca Cola, GM and GE how to break into a new market but it is not audit, accounting services or assurance. Unfortunately the average Joe (not your client or any headhunter) will think about you as an accountant.

Sounds like you would be in PI Finance group @ EY. If it were SSO maybe it would be a different story.

This is a mad hard decision. GL man lol.

Personally, I would keep interviewing unless the 55k is negotiable since it is a big decrease.

I'm sensing that you aren't excited about the opp at EY...and can't say that I blame you...so I'd recommend that you pass on this opp and keep looking. Why take a ~50% pay cut for a job you are on the fence about? Find out what you really want to do and wait for the offer that you know you want.

Having past exposure(through mini internships) to both areas, I would definitely not move to E&Y advisory from PC and take a 43% pay cut. In my opinion, you should think back to why you got into finance (e.g interested in capital markets, interested in investing, love IB, etc.) and refocus your full efforts on getting into the area you will want to go to work, while maintaining your current position. That means adding knowledge relevant to where you want to work(CFA, programming courses, valuation/modeling courses), networking within your bank and professional network, maybe working on a project (e.g analyzing stocks if your interested in breaking into Asset Management, etc.), and most importantly figuring out what motivates you. Position your current experience in a way that adds value (experience in valuation, strong product knowledge, strong accounting knowledge). This is just my two cents, good luck.

I would keep your current job and make the jump when a more suitable role becomes open to you. EY is not necessarily going to open up more doors down the road than your current job, in the end it will depend on YOU alone. I would keep trying to look for other more relevant gigs to your end goal without taking a huge pay decrease-have you looked into corporate banking? If you have the option go do a top 20 MBA, that'll give ya a shot at IBD

My current work environment is making me so miserable.... I really want out... Is consulting at EY that bad? I'm assuming the if the people I work with are better, my whole state of mind would be better as well...currently working with a bunch of 40 yr old women...it's killing me!

I also have an opportunity to do an unpaid internship at a fund.. Do you guys think that would be better?

Please trust me when I say dont rush into EY FSO.

I understand your struggling to stay motivated at work, but seriously, you will be perpetually angry with yourself if you go the EY route. Those fuckers at EY should at least start you as a senior associate since you have 3 years of experience doing the same shit they consult on. They are trying to take advantage of you.

Without any additional information, yes I would definitely take the fund internship over EY. Particularly if you are interested in investing, and its an investments/research role.

Forget about the salary 97 to 55K is the same thing at this stage. What you need to focus on is not take the next job just to get out of your current job. You need to consider that very carefully. Forget about the masters at the LSE, the economy is shit, you'll have a 50K loan when you get out of it, you are in a good position to get a job. Don't get an unpaid internship, that's a joke.

Lateral into FO, and fight for it. No reason why you shouldn't apply for associate roles at other banks either. You are in the best place you can be - in a bank already! What will LSE bring you? People at other banks to interact with, you already have that. Talk to HR as well, they can potentially place you. I would hire a motivated individual from my BO 1000 times over some knuckle head I don't know.

As someone who came from FSO Advisory, made a move to a Hedge Fund and now works in Due Diligence for an Asset Allocator / Investor I can shed some light...I agree that a) all depends on which group you are in within Advsiory for the type of experience b) thats is a shockingly low salary for 3 years out and with valuable Industry experience since you will be consulting to the Operational Units c) You need to decide what your end game wants to be....i know this sucks but I can assure you as someone who looks at tons of resumes and in this environment the selectivity is through the roof and it takes almost the exact experience to get role at the 5-10 year level