Help me decide on offers.
option 1: boutique consulting firm associate. They work mainly (70%) with 4 or 5 F500 tech companies. 50-60 people at the firm. Pay is 40k.
option 2: totally different. associate at mutual fund. Pretty small (700million). Less than 10 employees. As far as job description, I'd mainly be doing a little bit of everything. Worried it may be too much marketing for the firm. But it is in finance.
To tell you the truth, I'm not sure what I am trying to do in the future because I understand the careers are totally different but I'm truly having a hard time deciding. I originally wanted to do MBB (but i applied too late). I thought it would give me a good sense of the business world and i could learn a ton. I'm also interested in portfolio management because we knew a few CFA's in our family who were all doing very well. I've always liked the markets. Long term I am wondering which would be the better career choice for salary. I'm guess the CFA, but it is probably harder to break into?
I thought PWM was cool mainly because I get to work with people and because it was analytical. Reducing risks for clients does actually seem rewarding. Also I want to do portfolio analysis but I'm not sure my offer has much of that. There portfolio turnover is less than 15%. They also are a Mutual Fund and not much portfolio analysis here. My problem was that I don't have a boat load of wealth in my family. I heard that is important to be successful in Asset Management?
I thought consulting was cool mainly because of the learning aspect. Love powerpoint and think I could do well in making decks, etc. Also the variety of the job really does interest me. I was worried about the career advancement. Future salary/ going into industry. Especially working at a boutqiue. Also the pay does seem low which although they work with legitimate companies and have a pretty nice office. It makes me worried about the company.
Any consultants who went from consulting to AM? Maybe i should take the consulting position and take CFA lv 1 and find a good high paying analyst position.
How can i pick?