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Hi Guys, I am 5.5 years Java Developer and I have offer from JPMorgan Chase and Walmart .
Jpmc: 50% on current fixed + jpmc benefits Walmrat: 50% on current fixed + yearly bonus + stocks.
Please help me choose which will be better, mainly looking for brand value, work life balance and yearly hikes.
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What’s BCG digital ventures comp model like?
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With these offers, the general shape of your life is comfortable. Don't worry about optimizing for the dollars this early - there's plenty of opportunity and uncertainly behind each door.
If you know where you want to be in your career 5 years from now, pick the job that best supports that. If you don't, pick the one that you're more honestly excited by.
There is not a wrong answer - you get to decide what you want to work on and they're both great opportunities.
Excellent x 3
Opportunities to go up exist in all professions. Consulting is clear as you will be kicked out if you cannot go up, the track is spoon fed to you. Tech will provide a lot more opportunities, but it will be entirely up to you to figure it out.
On numbers, 1 gets you ~250 K (max) in year 1. 2 gets you to $214 K …max may depend on how the stock tracks. Consulting is probably get you better raises after Y1, while tech will be based on how high the stock tracks. Consulting , by far, has the highest probability to burn you out or even get you fired. Tech , for the most part, is better when it comes to burnout
If consulting is your comfort zone, I assume you want to have a shot at partnership. Then your decision is extremely easy. You can buy any stocks with cash. Consulting partnership comp can be only beaten by director + in tech.
Those are my data points
Dont mind the money this early in your career, think about the career trajectory you want.
Take FAANG any of us in MBB would have taken the FAANG offer
This is the way
If consulting is your comfort zone, but FAANG is what you also want to get knowledgeable about over time seek a strat consulting role in MBB in the tech vertical. Granted it takes time but it goes towards the 5 years bcg 1 is saying. Imo there's no better school than consulting much more if you maximize your learning curve by identifying mentors early on.
Finally, I fully agree on don't make it about the money. Advice. Is about showing how hungry to know you are which eventually brings the money imo.
Everything everyone else said, but will add that I regret burning out so hard from travel and working weekends in my 20s. It would have been nice to have had more time to enjoy my life before having kiddos.
Point being if you want to learn from my regret and have more free time then prioritize that with this decision.
Yes Faang will have much better work life balance
Unpopular opinion, but I would go to MBB. After MBB you will have the opportunity to go to FAANG, but after FAANG not sure if you have a chance to go to MBB. In addition, MBB is a great school and makes you are more valuable and your life is easier in the future
Great position to be in Op. I don’t have experience in either of them, but the question I’d ask on behalf of you is:
Which direction is harder.. MBB to FAANG or FAANG to MBB. I presume latter.
Remove the money factor, experience you seek should supersede that at the moment - with that in mind what educational background you have and where do you feel you would be more passionate?
MBB to FAANG is definitely harder. Within a year of working at Apple, I had interviews (and two offers) at MBB firms that I could never even get an HR screening for before I was at Apple. Obviously an anecdote but many of my coworkers had interviews from MBB
Take MBB. Working at MBB chances are that your projects/clients will be FAANG. Hey, you might get to work for all FAANG as a consultant without actually working for them. Network and build your relationships and eventually transition to FAANG when you’re ready and on your terms.
What type of consulting firm are you at now?