I am currently a SA1 promoting to SA2 this July in Strategy&, I have just received an offer to join Bain at the Senior Associate Consultant level.
Should I take the offer? This will mean a 40+% decrease in compensation in my first year. Will it be worth it long term?

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Hell no, almost half reduction in your salary

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Stay at S&. The marginal value of the Bain brand and network over the S& brand and network are not worth a 40% compensation decrease over the next year or two.

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I would think long term and not care about it now. You're not even a manager yet, meaning you are, most likely, <200k....
So we are talking pocket money here. In the longterm vision of possibly 5 years at Bain and exit ops!
Whoever tells you different is either jealous or confirms why they are at a tier 2 firm.
It takes money to make money.

100%.
Different game. Different "cachet"

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Will it be different if my end-goal is an industry exit? I will prob need to take 3 years at Bain to be back to my salary level at S&. Will the exit opportunities be massively different?

Nah dude you should stay.

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Heck no... 40% decrease?!

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Not worth it if you are looking to exit to industry especially if it is Tech

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Tech cares much less about consulting brand names than we do

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Only if you think you can make it at B

I wouldn't take it right now if I were you, that's such a huge comp hit for not that big of a difference in exit ops

Noooope

Why not a lateral to consultant but going down? Seems odd. I’m SA2 going to SA3 but joining MBB at consultant level

Unless senior AC means 1 year to consultant, doesn’t sound like a good deal. If it’s 2 years then nah, especially if you plan to exit because our brand is also solid to do so

If you stay, essentially you’re 2 years away from being M (potentially faster). If you move, you’re looking at 3. In term of money, you’re walking away from quite a bit. In term of prestige, unclear how much you’ll be able to gain.

Do you have a target MBA? I assume no based on the situation. Therefore being at Bain will help get in top MBA should you want to do it in the future.

Is this in North America? Just ask because I’ve never heard of us hiring at the SAC level before.

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