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Product Management at a large bank vs Business Analytics/S&O for FAANG? Recently started in the former role, but have interview calls for the latter just come up in my mailbox. Similar comp when adjusted for the different job locations. Can anyone help me with the Pros and Cons please. I know the roles are different, and so are the industries, need to understand difference career paths and difference in corporate cultures. JPMorgan Chase Google LinkedIn Citi
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MBB or FAANG are not guaranteed by a long shot. They are hard enough to land from 2 year M7 schools, and it will likely be even harder from 1 year NYU. Factor in at least a 50% chance that you don't get one of those offers. Does it still make sense in that scenario?
Better option may be to get your current employer to pay for your MBA. Then you can leave some time afterwards.
Yeah agree with this. I wouldn’t go in expecting to get a MBB or FAANG offer especially since a lot of those FT offers come through internships. I was at Columbia and think only about 20-30% of people going for MBB got an offer and even less people got FAANG.
Nooooo. Remember they are as much of a business as any other. With the economy as it will be for the next few years my berry would be on working your butt off and getting experience, contacts and relationships under your belt. Not to belittle the program at all, it is obviously a solid investment, just not something I believe the timing is right for at this point in time and economy.
Depends on if the jobs you are targets require and MBA or it's highly preferred (this is generally very industry specific).
I'm not aware of the tech industry standards but it seems prior experience in the required area are more valued .
I'll leave that to people in industry but check job postings of what you're looking for first.
It will be near impossible to snag a full-time PM role at FAANG without prior PM experience or internship. Does MBB seriously recruit out of the 1 year program? They tend to prefer hiring first from their intern class.
"KEY" Someone. So maybe 1 or 2 per class, maybe more. Finding this out will help get a sense of the odds. Now you have other great consulting non-mbb options, they will still be hard but if you fall short aiming for MBB, you can always land in Tier 2 land
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If you intern, some companies give reimbursement and extra signing bonuses. A 1Y program is highly competitive and depending on the companies that treat Stern as a target, the options will be even fewer. Even more so because more companies are relying on intern hiring for primary talent recruiting and we’ll be coming out of a recession. I don’t think a 1Y is worth the experience and network reduction.
NYUs site says that alumni has gotten 130k starting base with 26k starting bonus upon graduation. Will there be a lot more exponential growth over the years in salary vs staying at my current job?
After an MBA (and with already relevant experience) I‘d assume you should be at least around 150-170k in NYC, with much higher upside in upcoming years in many consultancies (not just MBB). I do think that if you‘d work instead you would not be much better off but with less education on your CV, so I‘d say go for it. Having said that, there is always a risk associated with change (although I think Tech MBA grads are generally high in demand).
To be more clear I am actually in tax technology and want to pivot into more of a strategy or consulting role that leverages tech.
No, put that time into revising your resume, polishing your delivery of experience, and network/applying for jobs. Should be able to get close to your goal by making a jump to a new company.