I am in a serious dilemma of choosing between the following:
offer (General Junior associate) and a local bank offer in structured products sales/structuring. My goal is to get into top business school in US H/W/S and then IB & S&T associate at Goldman. I know what is golden for MBA, however I am considering the following:
1) My interest is with S&T, i.e. the local bank offer would make my job more fun for me.
2) If I take Mckinsey, it will be much tougher work than the banking offer.
3) I know someone who worked one year at this exactly same bank then switched to Goldman in London, however, he had to do internship right before full time, i.e. he started over as first year analyst...
4) Average stay time at this mckinsey office is 3 years, enough said about the risk of being laid of after only one year. This has happened to many senior people I know.
So, apparently, Mckinsey is the safe bet for MBA, yet risky because you may not survive there for 3 years. The banking offer is risky bet for MBA, since its only a local one, and not bullet proof for transition into Goldman. The pay is better at Mckinsey compared to banking offer. If Mckinsey let me topractice, will this change anything? I need some serious guidelines here.