Need some help!
2 offers on the line: option 1 is to stay with current job and new promotion

1) M&A Strategy at Big 4: Manager Year 1
Base Salary: $185k Max bonus: $28k

2) M&A Investment Banking: Analyst Year 2
Base Salary: $125k Bonus: $100-$125k

I don’t like the fact that my title would be taking a step back and discounting the 4.5 YOE I have if I were to go into investment banking
Let’s say all other things are equal in terms of benefits, work life balance, etc.

like
Posting as :
works at
You are currently posting as works at

Salary is paid on a regular basis. Bonus has no guarantee.

likehelpful

It comes down to what you value— the hours in IB are no joke and expectations are no less demanding, but you definitely won’t have to manage anyone since an analyst is the bottom of the totem pole. You’ll defer to your associate or VP or MD or basically anyone with some rank. But if you’re passionate and interested and excited about IB work, the hours will be worth it. On the other hand, the manager role you do need to oversee others and your WLB actually exists. No one but you can put a value on how much WLB costs or is worth except yourself, but there are clear trade offs you’ll need to weigh

likehelpful

IB hours are not more than Big 4 hours. Not even close. Unreal you’d even try to claim that.

Sooo ultimately it’s your decision as to what your priorities are.

However.. Option 2 has more money AND you don’t have the added responsibility of managing a team.

Also I’ve read IB has a better potential at raking in the $$$$$$$ but it’s not my area of expertise

I always say.. follow the money 💰

Good luck! And congratulations on the job offers!!

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I am curious if the bonus in the second option is always paid or dependent on business performance etc. Also, how are bonus taxed? Where I work the bonuses have a higher tax…

like

Your lifestyle will probably be much better with option 1, option 2 will lead to more $$$ down the line and probably more lucrative exits

like

In 5 years, which will give you more options and more money? Go for that one.

smarthelpful

I always thought he was asking what is a better offer at this time.

Go with the second option. Banking opportunities are way tougher to find. You can always go back to the big 4

smart

Option 1. Lucky!

What does the M&A strategy role entail, specifically? CDD or more post deal work?

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