I'm a corporate lawyer right now. Been thinking about getting my MBA and going into banking lately, but not sure it works out financially. Would probably have to take on a little bit of debt. Looking for some advice.
The year I would graduate from B-School, my all-in comp as a lawyer would be about $320k. I've heard/read all-in comp for first year banking associates is like $170k to $250k depending on the bank/your performance. It seems like I'd be sacrificing a bit there, but I know banking comp goes up at a faster rate than law.
Junior partners (age like 35) at my firm start at $1M. Comp can go up a ton after that, but that's just so long from now I don't wanna think about it.
Any advice from people who have had this same dilemna would be much appreciated. I know I'm focusing a lot on comp here instead of substance of work, but that's just how I am. I think I would like banking more for what it's worth.