Am I an idiot to turn down an offer for 2.5x (150% raise) my current total comp at a small boutique? Really want to do a MBA in a few years and worried that the name brand (my current firm is a major name brand) will be important for that.

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You already have the brand

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How long do you have to stay at a firm to get “the brand”? Does that go away if you leave before your promo and go to a less well known place?

Take the job, may not even need an MBA if you make it far enough quickly

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Yes, you’re an idiot. Put it in your story that you wanted to focus on whatever industry or speciality the boutique does or that they offered a faster avenue to leadership.

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Yeah they do. It’s about framing your story/decisions and conveying you know what you want

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Your current organization doesn't fall off your resume, you already have the brand name. The move sounded like a promo (progression).

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Yes this is dumb

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Yes you ARE🙄

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Need to know base. Is this 150% of 40k, 60k, 80k or 100k

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^this is the right answer. You should be thinking more about advancement and comp schedules early in your career vs discrete percent increases.

OP - is this summary accurate?

3 options:
A) Stay at current well known but not MBB firm making ~70k base
B) Go to less known boutique firm making $175k base
C) Go to MBB making $105k base

You want to apply to bschool in a few years and worried about brand names. So you want to optimize for bschool admissions + $$$?

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Yeah what A1 said. If OP is a BA now, they’ll likely be an analyst at MBB. So $85-90k base with 15-20% bonus which aligns to the low 100s figure

Go to the boutique - it won’t make an iota of difference for MBA school. Your grades and professional development will play a bigger factor in admissions.

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This is a tough choice. I don’t envy you. This will be painful no matter which way you go.

Here’s a question: which one does your gut lean to?

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Let’s go with MBB! It’s not a clear slam dunk but does seem to be both the crowd favorite, aligns with your goals, and what you want deep down.

As a plus, others mentioned it but the comp acceleration & MBA $$ will make up for the $75/year * 2 years you’ll be down.

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Why do you even need an MBA right now if you have an offer for almost $200k??

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How underpaid are you?

No, not worth it.

Definitely an interesting choice, your current firm will still be on your resume.

Follow up question: Take this offer or an offer from a top brand name for 50% bump?

If you for sure want an MBA, I’d take your MBB offer so they will sponsor you.

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Why do you think MBB has less brand name recognition 😂

Didn’t see follow up question, my bad

Yes

So you have an offer for close to 200k?

MBB is a great way to get an MBA. Idk abt the boutique consulting firm...would depend.

Consider your competitive positioning in 2-3 years, are you an MBB person competing against MBB + boutique ppl, or boutique person competing against MBB + boutique ppl? MBB does very well at top b schools, and the skills you learn are legit some of the best for future success in a variety of roles. I think you’re more competitive coming from MBB.

Not an MBB person myself but I know a few from my MBA days and none of them were dumb, and all of them had very strong exit opptys / post MBA opptys

It’s not all about the money

I just turned down a 100% raise. You’re welcomed

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