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I’m currently working as a solutions consultant at Adobe. It’s my first job from graduating and I’ve been here for 2.5 years. I want to move into Consulting in banking. Do you think it’s a good choice & that I’ll have a good work/life balance? UBS Bank of England HSBC Barclays Bank of America Citi Bank
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Any one familiar with comp for a Portfolio Associate roll at PIMCO on their mortgage backed securities team? I’m looking at an offer and want make sure I’m in line with the average comp for the company and industry. Only 4 months of experience and offer is 98k w/ 10-20% bonus plus 15k relo/ sign on. Looking at Glassdoor, bonuses seem higher than quoted by the hiring manager. (No written offer yet they say they’re still working on it)
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Option A: $120.19/hour with the ability to do something other than work
Option B: $102.56/hr but the pleasure of working more hours all in office
Ding ding ding!
A would be my option. You can always make more money. You can’t make more time.
A for sure. At that tax bracket, your incremental take home $ is not worth the potential 50% more work. Also if option A has a strong brand, this has value to opening doors in the future for exit when you decide to do something else or jump ship
A for sure
Obviously, Offer A
Option A unless you don’t like having a life, option b is great if you were going to commit for a few years and then move, but 50-60 hours a week doesn’t seem as do able and your likely to experience burn out. So I’d really ask about pace and put money aside if you really in to just working and your doing 50-60 hours now I’d take the option b but everyone works differently.
The reality is at that comp level I really doubt option A is really 40 hrs/week. Especially in investment banking. The folks I work with routinely get stuff dropped on them at 5pm on a Friday. It’s their job to turn things around for the client and they get paid handsomely to do so.
and having a hybrid work schedule may help offset those extra hours.
Serious questions: HCOL or MCOL area? Do you have kid(s)?
I would ask a man or a woman that question. It’ll matter even if they’re taken care of. It’s about the time that they’ll be committing to things other than their family. It’s a valid question.
A. No doubt
A- for sure
You have to pick what you can live on and thrive in. if you can do both with the first one, go with it. The second one sounds like the challenge for you then do it. Sometimes extra pay isn't worth the downside. what will make you happiest and give you the best life. personally the second seems exhausting. 60 hours in an office with no hybrid plus commute. sounds like no time to enjoy that extra money and burn out quickly. but, for some, that's where they thrive and feel their best. really look at who you are and where you thrive because that is more important over time.
B.
You will end working 50-60hrs anyways.
Only if can guarantee that you and the company will respect the 40hrs/week.
I do believe that as anyone, you will start strong and it will commit more hours and it may be your new normal.
You can advance to hybrid once you show how good you are, whatever the place is.
A - 70k shouldn’t make a huge difference.
Depends how much you think good quality of living is worth.
40 hours a week? Lol I have a bridge to sell you. I even question your experience in this business if you’re commanding $300k in comp and you believe or even think 40 hours a week is reality. You’ll be working at least 50/60hrs at least. Not including client time. Regardless, still not the whole story you’re giving us here. Too many other factors to consider as to whether or not either of these options are better. Details aside, based on what you’ve provided, the answer will ultimately lie in time vs. money. Do you commute? How long is it? Family? Do you have outside interest and activities that you would prefer not to sacrifice? If so, then option A is clearly your choice. Otherwise, take the money every time, bank all you can and get out of this game ASAP
Option A sounds good and may probably be my choice but I’m more than midway through my career. Option B may be suitable for someone at early to midway through career…an opportunity to learn, earn and to save for the future before moving on to option A when when you are settled and have a family
I would consider B based on my mortgage balance, but still prefer A.
Option A, 90k isn’t worth it to me but others may think it is.
B. Doubt option A is actually 40 hours a week. People seem to say $70 is nothing but it's on an annual basis so the gap is bigger and will likely get bigger every year. How much do you value hybrid vs. in-office? I prefer being in-office so I can actually get work done
A - stable work balance
B of course. It is a career move