{ "media_type": "text", "post_content": "I make $132k~ base+bonus before tax at a boutique in a T2/LCOL city (Atlanta, Houston, Salt Lake City). Good benefits, excellent culture and wlb. I'm an expert in my niche and overall a very conscientious and competent person. I get my work done in 20 hours or so each week. Some months I average less than 10 hours of actual work.\n\nI've been wanting to get a T15+ MBA for some time, but most exits have poor WLB. Am I crazy for wanting to leave my current gig? (cont)", "post_id": "5fb3f574b0740100248f76c1", "reply_count": 11, "vote_count": 3, "bowl_id": "58f0df008ad7250010f8c590", "bowl_name": "Compensation" }

I make $132k~ base+bonus before tax at a boutique in a T2/LCOL city (Atlanta, Houston, Salt Lake City). Good benefits, excellent culture and wlb. I'm an expert in my niche and overall a very conscientious and competent person. I get my work done in 20 hours or so each week. Some months I average less than 10 hours of actual work. I've been wanting to get a T15+ MBA for some time, but most exits have poor WLB. Am I crazy for wanting to leave my current gig? (cont)

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Keep your job. Use your free time as you like but keep in mind that it’s a luxury

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I have this itch to strive for climbing the corporate ladder, but there's also a side of me that feels that free time and enjoying life is way more important than checking off prestige boxes about top tier MBAs and working for an MBB. I also don't have line of sight to $300k total comp without an MBA, and it sounds unlikely that I would hit it as a combination of my salary + side businesses. My "magic number" is $5m. I think we could live off the interest from that comfortably. The faster we hit it the faster we can retire, which is why "making as much money as fast as I can" is on my mind.

I would keep your job. $132k is a pretty good salary. Use your spare time to start a side gig.

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Developing a profitable side business sounds even more challenging than getting into a T15. Decisions decisions. I'm quite entrepreneurial in spirit but haven't actually acted as such with my money.

I'm deeply interested in long term career trajectory with compensation being ONE of the primary KPIs. But with the flexibility I have at my current firm, am I crazy for wanting to spend the time and money to get a T15+ MBA and pivot to something like MBB/T2 consulting or Tech PM? My career counselor at my current firm has several rental properties and owns a coffee shop. He must be pulling around $170k base+bonus. With his other businesses I wouldn't be surprised if he was at $230k-$250k. I guess I'm just considering the prospect of staying at my current firm and coasting (no up-or-out mentality) while diverting my time and energy away from professional career trajectory/MBA and into finding side businesses that I can do. 27M and with my fiance we are pulling around $215k/year before tax. We are on track to save at least $60k this year when we only started around June, and based on current expenses, believe we can save $100k next year. After several years of saving like this we would have a decent amount of capital to start some kind of venture. Thoughts? Advice?

Is your career counselor Nick? (Small world) I would say stay where you are and stack as much savings as you can. Get assistance and advice from your mentor/cc on rental properties to create passive income. At your age you’ll be pretty well off with this income and a few income properties under your belt.

I hate to be saying this - but money doesn’t buy happiness. Sounds like you have a good thing going and some nice free time. Enjoy your life

I would trade places with you in an instant. What is your niche?

Analytics on the user consumption/engagement side. The roles I hold are the perfect blend of being too technical for most business users and requiring greater social/functional skills than most technical resources have.

You have to deeply think about your side gig. If income is a KPI then would you like flipping houses or managing rental properties or trading or owning few franchises or something else. Anything you choose will require decent amount of time, effort and learning to make sizable income. Question is would you enjoy any of them. Easy way to find out is try each one for 6 months to a year. In 3 years you should be able to decide and still have enough time for a part time mba and switch to traditional post mba roles if you so choose

Also think about what you can make at your current firm in 5, 10, 15 years vs other options. And what your utility function ascribes the value of free time

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