Hi,
I'm in final stage of interview for a junior to mid level macro investment role in BB Asset Management team. I think I have good chance to get offer and they probably won't give me a lot of time to think if they do give me offer. Meanwhile, I'm apply for next fall MBA, mainly CBS and Wharton. I may have a dilemma in a week and want to obtain information beforehand.
Doing investment at buy side is always what I want to do but I'm not sure if macro or BB asset management team is the best choice. If i go to bschool, i probably would choose equity investment, which I think is more interesting. Also, I don't have ivy undergrad so getting a top MBA may benefit me in the long run.
On the other hand, my background has little to do with fundamental equity investment (quant modeling). if I go for equity, it is like I drop my entire skill sets and experiences. Fundamental macro investment does require a lot of modeling and that's part of the reason I got the interview. More importantly, if the pay/career path post MBA is not very different from what I can get directly in this new job, why should I spend 200K and 2 years?
In this forum I rarely see positive comments about BB asset management team since it may pay less than banking and has less exit opportunities at analyst level. But how about mid to senor level? do vp/director there get comparable pay and good career growth potential?
thx
Take the BB AM job in my opinion. If it's not exactly what you want or will not take you to where you need to go, you can always get the MBA later. If you're lucky, the BB AM job might lead to a different, equity investment job down the track.
This is how I see it: by giving up the job, you may get to go to a good MBA program and may get a job you want, but it's not guaranteed. By taking the job, you still may get to go to the MBA program and get the job you really want, but you also get to do this job, which will help with both MBA applications and in getting the job you want. Easy decision in my opinion.
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AM role and work on CFA/CAIA stuff in the meantime
A few things (all assuming you get the job, obviously):
1) You will have a job, and won't have a b-school admission. Not clear how good of a candidate you are for Wharton or CBS, but turning down a great opportunity for what might be a great opportuntiy, if it happens, is always risky.
2) Without knowing your age, you're not necessarily closing the full time MBA window (unless you're already on the back end of the age range for these schoosl). If you take the job, and in a year or two realize that b-school is the way for you to get to where you want to be, it'll be there, and you'll have more relevant experience to add on to it.
3) I know very little about AM, but to a layman, it sounds like BB AM is much closer to where you want to be than quant modeling. Worst case, I see this as a bridge that gets you closer. Moreover, if you are enjoying it, but see it as a stepping stone to Equity Investment, then I would say that you line up really well for an EMBA. EMBA's dont give you the same recruiting opps, but just about everyone I have talked to that did a CBS EMBA said that they formed a strong network, and ended up changing jobs based on new connections formed in their class.
Plus, overall, it sounds like a great opportunity. I would take the job if you get it, as others have said.
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