Have an offer for project manager at Goldman Sachs. Obviously it’s a (huge) pay bump but I’m not sure I want to “settle down” so soon (I’m 25). It’s a pretty vanilla job. Any advice?

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Posting as :
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Take it. GS on your resume will open doors. And you’re not settling down, you’re about to work harder than you ever have. It’s going to be fun!

likesmartfunny

Narrator: It wasn't.

likefunny

Always take money young and invest. I am 31 and up until 2 years ago I made below $80k. Always chase money until you ha e substantial savings. You never know when a lay-off will come. Most of us think not me, but it happens to the best of ppl later in life.

Anyways I wish I knew how much I could make. I now make $225k. Not the best job but I feel quite lucky and I’m trying to catch up savings wise.

likesmarthelpful

225k nice move. Champagne is on u next time u r in london

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I would take it personally. The “excitement” from consulting is more like unnecessary stress and at this point, I much more value wlb/compensation. Also, I’m younger than you are if that matters.

As stated, GS is also a much better name than KPMG and won’t impede your career, but rather open more doors.

likeuplifting

This^

likehelpful

Take it

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It’s got a better brand than KPMG. Unfortunately, we live in a world where brand represents a lot. Your exit opportunities after GS will be better assuming you want to stay in Financial Services. Also, PM is a meh role. At GS you will have the opportunity to move into a more useful role that will allow you to grow your brand equity.

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If you’re just interested in getting the brand name on resume, you should consider Deloitte instead. Amazing mobility and a stronger name than GS (and Harvard)

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C4 - having worked for both, seriously - hell yes.

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A bit more background - I value flexibility and there is none in this job. I move around a lot and love consulting for that reason. So settle down to me means choosing a city. Define huge: double my current salary plus 25% bonus. We’re well into six figures.

likesmart

As brand value, GS is a good stamp on the resume

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Define huge

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A thing to note about GS- after reviews, GS pays off a bunch of employees on a determined date in March. You do not get bonus for that year (obviously) and your yearly reviews run at a year’s delay (as opposed to consulting where you get the benefits of you last year’s labor in 4-6 months)

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And this review is for the work I did last year not this year(they collected feedback in April I think). I will get the performance related bonus for this in feb (or late jan)

I have multiple friends at GS and pay bump and mobility is a lot more stringent. I’d say take it if you’re younger and the exit opp once you’ve got the resume builder and a substantial investment portfolio. Best advice I’ve ever gotten in life: a job isn’t permanent. If you aren’t happy, change what makes you not happy. Luckily jobs fall under that category. But it’s worth the original investment to take the job and stick it out for a year and see what happens.

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I would be hesitant. What divion and what team?

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Don't take it.

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Take it. You can come back to consulting.

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Lol decided not to take it. Was told I’d have no career mobility, that I’d be better off as a consultant, and that I’m overqualified. Well okay then. Anyone have any tips on how to leverage this offer at my current job? 😂

likehelpful

You can’t unless you are willing to walk

Hmm, overqualified but make less

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OP first of all if you are getting more money then why not? And GS is a better, even better than Deloitte. It will open door for you after a year and you will have your life settled at one place rather than travelling around (although I love travelling, so that I can expense my food and not have any obligation to clean my apt). Meet new people at GS, make the connection then apply at MBB or any strat consulting firm. KPMG isn’t a strong brand and don’t have a good exit opportunity. I have a guy sitting next to me working at a bank and he was a manager at KPMG and joined as associate director which equivalent to two-three years out of college where as he has 10 years of experience. So Goldman brand def will help you in future. Open to
Talk on the phone if it helps. I myself 38 years old, have seen a lot and just started a small company.

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This would be true if op had no experience. We are talking about more money and better brand name. OP can spend a year and see where that leads him, I mean money is money and you never know what other opportunities you will run into when you are at Goldman. Now talking about peg-ion hole? Let’s say op is a doing a research role at Goldman and op wants to come out, why can’t OP put some of his KPMG experience under Goldman or mix it up based on the new role he is looking for. Because at the end of the day op executed the project whether it is at Goldman or at keyfood. It’s all about how you articulate. And let’s assume op does MBA, and Goldman pays for it, OP can land at one of the MBB or change the current role at Goldman. Makes sense?

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Do it for 2 years to get the brand on your resume. Don’t stay longer or else you’ll get locked in. 25 is still young/moldable.

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I left consulting 3 years ago for industry (also a large private bank) and lasted 2 years. I was so bored and miserable my wife pushed me to go back to consulting. If you aren’t ready to really settle down then wait it out. A couple of more years in consulting will do wonders.

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Compared to consulting most other work is like watching paint dry

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Take it - you are getting both - more money and name, Deloitte keeps hiring & firing - you can always come back.

likehelpful

A lot of people on here are saying to take it based on the brand. That's like saying someone should take a research role at Mckinsey instead of a strategy consulting role at KPMG. In reality once you have been pigeon holed it's difficult to break out and rebrand yourself especially if you stay in financial services. Hiring managers are no fools.

Secondly, being in a non revenue generating role in a P&L focused environment will make you feel like a second class citizen which is demoralizing in the longer term.

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What’s the salary approximately?

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