Question: All would like to get some input from seniors strictly from a financial stance. I transitioned from consulting to FAANG (4 yrs experience post UG) and was having a conversation with an ex-partner this past weekend who was advising me to go to mba school and considering high finance. Strictly speaking from a comp perspective - is it true that the ratio of folks breaking the $1M a year barrier to entering analysts is significantly higher in finance than in high tech?

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

Yes. IB/PE/HF/VC are still the most charted paths to 7 figure comp

like

Yeah, careers in finance such as PE/VC/IB are likely to get you faster to the kind of salaries you’re looking for.

That said, if you’re evaluating from purely financials point of view, then you need to also consider your cost of doing the MBA and opportunity cost of not earning for ~2 years. You also need to consider that not many people without any prior PE/VC experience get into PE/VC after an MBA. And use that expected value to evaluate your break-even point and resulting long-term financial benefit of doing the MBA.

I haven’t done the analysis for US b-schools, but from what I hear, costs can stack up to be prohibitive and returns for some cases may not be worth it.

If you do end up doing the analysis, worth sharing here for everyone’s benefit 😊👍🏼

like

Agree with everything you said, especially about value of US b schools for working in the US.

Related to that, one other factor to think about (not sure if relevant for you) : given the current political environment, there is a good chance that you are not able to continue working in the US after your MBA, so worth also factoring that into your calculations...

like

Yes, tech has great comp at lower levels, but it gets incredibly competitive if you want to break 400-500k TC. Finance has a much better path to 7 figure comp than just about anywhere, but it is still tough and the WLB will suck.

like

That’s what I’m seeing in high tech now and reassessing whether I should do b school because even in tech the folks breaking 500-700k comps have top 5 mbas. All 4 VPs in my department are top 3 mba grads.

I understand lifestyle difference, and variables involved, but keeping all that aside, strictly asking from $ perspective of the average trajectory of a high performer in these industries.

Related Posts

Anyone know the salary for Sr. Financial Analyst P3 at Mckesson?

Looking for a job as a sales support rep or account manager for a remote SaaS position. I have 3 years experience working as a Sales Support Specialist for a construction design software company. Seeking a base compensation of 80k+. Any referrals are helpful 😀

like

Any insights on bonus & hike ? By considering recession/inflation.

like

We don't get salary of last month during notice period then when is it given?
How could someone manage who is living paycheck to paycheck
Ps: This is the first time I am switching

like

Hi there does anyone know what is the salary estimate for Sr Network Engineer in J.Jill ?

Post Photo
like

Between two offers, "Associate Principal" for m&a consulting in the Healthcare industry vs a Director at a F300 company doing M&A and Partnerships. Consulting pays about 50k more. What does the future look like in consulting? I am a bit nervous jumping from from "industry side" to the "consulting side".

What is the max pay for P2 in LTI?

Role - Devops
YOE - 3.2

Hi Guys,

I have also cleared the TCS Interview The salary has also been discussed. They asked me to Upload the documents on IBegin portal i did the same last week but still did not get an offer latter. The Documents also verified on the portal@.

Can anyone suggest, how much time they take to release an offer.

likefunny

I've been in merchant sales for a large bank the last several years looking to do a pivot. Any suggestions for a sales position for someone who's done outside sales for years but not in the tech industry?

like

What is expected CTC as per market standard for 4 year of experience in salesforce development

like

Got a verbal offer from a big 4 a month ago, discussed salary expectations 3 weeks ago, still no offer letter. Firm has to let me know it should be coming soon. Are these normal timelines?

AlixPartners I am expecting an offer for VP in financial crime/compliance and risk. I need to give them my compensation expectation. Currently working in Bank with 7+ YOE including 6 yrs in Big4 non-MBA (Masters in Finance). What is the total comp (base+bonus) that I can ask for? What is the general sign on bonus? Thanks in advance

like

Hi Fishes,

I have joined coforge on November 2nd and I got offer from ITC today...Can I switch to ITC by obscanding will there be any issues...Please guys please give your suggestions

How should be the average utilisation range for a Senior? (Tech consulting) Is more than 70 percent good or should it be near 80%?

like

Pranam Fieshes ,

How to declare tax on joining bonus? First time got joining bonus , how to mention it in tax declaration . Please help

Your lovingly,
Fish

like

Hi fishes,

Anyone who switched from Big 4 global services audit career to other career like accounts/financial analyst.

Please let me know.

like

What does it take to get promoted from Level 7 to Level 6 in the SAP Products stream?

like
like

I'm in finance/tech FPA, looking to go back to the defense industry for a 25% increase in TC. But wanted to see if I should leverage the new salary with current company to see if they'll match.

Background: got a promotion at current company that didn't come with sufficient increase . After stating my case I was told it would be evaluated next October, which is what prompted the initial job search.

Current TC 103K [88/15], offer 125k base [+discretionary bonus].

like

What is the hierarchy in Soceite Generale?
What will be the position offered for 5 years work ex + MBA for BA role and the compensation?

More Posts

Why do people accrue prepaid expenses?

What is meant by a "Lateral Hire" in Infosys?

When your best is never good enough 🙏

like

Dear folks,

Did anybody join Virtusa recently in Level-2 designation in JPMC?

Can you let me know if they have provided any laptop? And also what kind of experience are you having while working in JPMC? Is it good?

Any recommendations for a day date dress watch under 5K? Going to be my daily beater.

like

We're always looking for new ways to make things easier for our customers and clients, but sometimes I just want to take a step back and breathe.

like

Burnetters are always last to know about Burnett news. 😑

like

What are some projects you’ve had students do to show the influence of classical works in a genre?

Need referral for front end developer having experience of 1+ years of experience. PLEASE HELP ME and need referral

like

Hi everyone,

After working for 12+hrs on a regular basis I've finally resigned in infosys for better or for worst.
And I'm looking out for other opportunities.

LWD- Feb 2nd

YoE- 2 years

Skills- AWS, postgreSQL, Ruby on rails, node.js, HTML/CSS, python

Offer in hand 6lpa

Please let me know if there are any job openings in your organization to which i can add values.

like

Hello Underwater legends,

I've 3.9 YOE in iOS development, and looking for opportunity. References will be highly appreciated.

Thanks and regards,
Bhavesh

likefunny

On the news, there was a report that "stress" causes negative health effects. Um. OK. Don't people feel "stress" just by being alive? Like, what would be the control group that you could measure the results against? I don't know why, but it always makes me wonder

like

[Facebook Ads Data VS Google Analytics Data] 🤯

How can I merge FB and GA data? Some clients of mine believe that Facebook doesn't bring us results 'cause GA says so. The difference between the two of them is A LOT. Facebook says we have 100 conversions and GA only reports 2. How can I prove to them that Facebook does its job? What data can I show?

like

My motivation legit evaporates when I’m on the bench... help

like

Late twenties M here. I like to travel, go on hikes and am pretty easy going. Any f wants to chat and see how it goes?

like

How long does the SocGen HR take to get back after documents submission?
Is there a possibility that they do not get back?

I have desk whiskey in my home office that I use for most days that end in “y”.

likefunny

Is it worth doing MBA for breadth of knowledge and brand network if you already have 30LPA Ctc

I'm resistant because avg iim package is 25lpa. Please suggest (opportunity cost is also high -ie 2 years plus fees investment)

like

The workload and frustrating clients are getting to us all. How do you build morale in the clinic?

like

Help: good place to take a call in midtown near Bryant Park area? Left office keys at home, and am already on my way there 😰

like

Additional Posts in Consulting Exit Opportunities

Slalom 🐠: I interviewed with a team in SF in January and was dinged. I now have another interview with a different team in the SF office. Do I bring up my previous discussions? How, when? Cont.

like

How much do recruiters and account managers at recruiting firms really make? I know people that appear to be living the high life - lavish vacations, buying expensive homes, etc. and am wondering if I should consider a career switch

like

Ideal firms in the DC area to exit to for Strategy/Business Ops roles? Obviously would love FAANG, but they have limited strategy roles in the area

like

Can someone advise how to negotiate a higher salary? Offer came in at 90k with no signing bonus and possible 10% bonus end of year. I currently make 87k. First time doing this

like

Here is my idea for a startup! I collect all the data from career transitions and use Data Analytics to predict the most likely career transitions. I could start with consulting. What do you guys think about this? I would be able to predict based on your firm(mbb, big4), your experience, which role you are likely to move (Faang pm, strategy manager, move to mbb). I have all the data to do this, but wanted your thoughts. Would the output of this be relevant to you?

like

Is it possible to switch from a pricing strategy role to a strategy and business development role?

like

Has anyone successfully landed a job in Europe as an American Citizen? I’m really looking into moving to London/Amsterdam or Berlin.

like

Trying so hard to exit to a tech company since that’s my dream and I’m getting rejected by every single one, even small startups. Ugh I thought tech was “hiring like crazy” even in the pandemic.

like

Can someone please explain the hype about product management at FAANG?

like

Had a couple interviews today for a position - what is the etiquette on follow-up thank-you / emails? I kind of feel like they're outdated. Contd...

like

Interested in McKinsey implementation practice. Possible to speak with somebody with insight and opportunities in that

like

Has anyone gone to DoorDash Strat & Ops? About to interview and want to understand what it’s like. TC also helpful but not necessary

like

Interested in tech in NYC—open to FAANG, but more interested in series C+ startups that know what they’re doing and can afford to pay. BD, gen mgmt, strategy/ops roles in that order. Any suggestions?

like

How’s the pay for LinkedIn bizops?

like

Wondering what “typical” roles/pay looks like for someone who leaves consulting after 2 years. I’ve been in strategy at Deloitte and was just promoted to C.

likefunny

Best HC Plan offered by Deloitte for someone who sees multiple specialists and has a large number of recurring prescriptions?

like

Anyone from Amazon willing to refer me? ~3 years in tech implementation and product management

like

Graduated May 2019, can I apply for campus hire jobs 🙂

like

If you got a job at FAANG do you find out within the week If you got the job after on-site ? 2 weeks if you haven’t gotten it?

like

I’m interviewing with the Deloitte and they’re taking an extremely long time. It’s for their internal strategy team.

Another role just got posted that I think aligns better with my skill set and something I would definitely enjoy more. 

what should I do? I’m still in the running for the first job but it’s ridiculously slow due to the business team being small. Ideally I would like at least one of these two jobs

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal