Considering an offer for an FP&A role at a major investment bank. What are people's thoughts on this? Culture, type of work, pay, exit opps. Probably way better off financially than staying @ big4

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It's basically a 9-6 job though which is nice. I did it before MBA. Promotions are slow and raises/bonuses low (although JPM/ms/GS pay significantly better though). Make sure you get the comp you want before you're hired. I'd also definitely not recommend some of the shittier banks. JPMorgan paid a bonus 10x higher And gave me 4x raises compared to Citi....and I was ranked worse at JPM and didn't even work a full year.

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Big no. Used to be in front office banking before consulting. Don't jump boat to a back office function. Not making $$ sense, not making hours sense, not making any sense, unless it's vp and above level. Stay in consulting for more years and jump and become vp fp&a or finance director. Much better hours and higher pay and more visible in an organization

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What level, officer title, and salary? And what's your current level in consulting. I can give you advice based on that.

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Absolutely do not come in analyst level. With two years experience consulting you are definitely associate level. I would ask for $100k minimum, but as others have said, best to wait for vp level

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Hb exit opps?

Fek the offer is with citi

2 years in - experienced associate. Would come in at analyst maybe associate level

Lol...Citi is not a "major investment bank" it's a consumer garbage bank.

Interesting. Thank you guys for the feedback. What are exit opps for fp&a and how do they place in B school?

I got into a M7, but I think I was helped by the fact I graduated with a finance degree in the clusterf*ck year '09 and had a high GMAT. Most ops people I know ended up in Duke/Darden level schools if they had a high GMAT, or Carnegie Mellon level if they didn't.

But is FP&A really considered ops? I would think more middle then back, no? And from what I understand pre b school fp&a background helps a lot in moving into strategy consulting gigs post mba. I guess trying to look at it from all angles.

Fp&a is part of finance function not Ops but it's not revenue generating although fp&a folks do provide insights into the revenue/cost side of business.

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