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No difference in pay but you come in at a distinct disadvantage at first due to inexperience. That said it's not like the job is that hard so you'd likely pick it up after a few months. Until you do though don't be too proud to get schooled by the 2nd year analysts the are technically "below" you on the totem pole.
Thanks. I see. So IBD analysts who went to get their MBA aren’t usually looking to go back to banking?
Not really, OP. But it certainly does happen.