Find all School-related info fast with the new School-Specific MBA Forum

 It is currently 05 Feb 2016, 16:47

### GMAT Club Daily Prep

#### Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# $$Careers for Career switchers  Question banks Downloads My Bookmarks Reviews Important topics ### After MBA which is the most$$$industry that a career switchers can go to, where he/she can expect$300K+ salary.

You may select 1 option
Author Message
Director
Joined: 10 Aug 2006
Posts: 665
Followers: 2

Kudos [?]: 7 [0], given: 0

Re: $$Careers for Career switchers [#permalink] 07 Mar 2007, 07:28 kidderek wrote: venky1979 wrote: After MBA which is the most$$$industry that a career switchers can go to Where he/she can expect$300K+ salaries.

With the exception of Management consulting and IT startup, a career switcher won't be able to get into any of those listed industries. Consultants do not get paid over 200k to start, so you're pretty much left with either S&T or IB.

Pick your poison. I will be a career switcher as well, and I'm leaning towards S&T. I'm all about the sprinting, not long distance running.

So the options are narrowed down to IB or consulting

Does Consulting have better work environment than IB? (I mean as rhyme said Yelling at people and stuff)
VP
Joined: 11 Dec 2006
Posts: 1429
Location: New York, NY
Schools: NYU Stern 2009
Followers: 41

Kudos [?]: 219 [0], given: 6

I don't understand the draw to the short-term high salary. MBAs are a longterm gameplan qualification. It pays a lot more when you get where you want in 10yrs than it does on Graduation.
Director
Joined: 10 Aug 2006
Posts: 665
Followers: 2

Kudos [?]: 7 [0], given: 0

3underscore wrote:
I don't understand the draw to the short-term high salary. MBAs are a longterm gameplan qualification. It pays a lot more when you get where you want in 10yrs than it does on Graduation.

Long term who nows if i would be alive

I am a worshipper of Instant gratification
VP
Joined: 11 Dec 2006
Posts: 1429
Location: New York, NY
Schools: NYU Stern 2009
Followers: 41

Kudos [?]: 219 [0], given: 6

If you are that uncertain about how long you will live, why spend two years doing an MBA.

Two years living a paupers life, with debt to your eyeballs and studying / interviewing all the time then die before you get anywhere.

Exceptionally pessimistic not to look a bit further.
Director
Joined: 10 Aug 2006
Posts: 665
Followers: 2

Kudos [?]: 7 [0], given: 0

3underscore wrote:
If you are that uncertain about how long you will live, why spend two years doing an MBA.

Two years living a paupers life, with debt to your eyeballs and studying / interviewing all the time then die before you get anywhere.

Exceptionally pecimistic not to look a bit further.

That was just humor

What i actually I meant is that i want to be part of an industry that is challenging and it is the right time to make a good career an lots of money

I believe timing and industry choice are important

As an example (I am otherwise happy with work in my industry other than money) I joined IT industry in 2001 and people who joined 5 years before me made tonnes of money and now there is not enough money in the same scale as there was at those times. But they are happy with the work and have no issues continnuing in IT as they are already on a pile of money.

All industries suffer from the same status eventually. Initially there is a lot of money but sooner or later lot of people pour in and the salaries drop.

But the people who entered at the right time have make lot of money and are in senior postions ( a situation better off than a similar positions in the older industries where they didnt get the opportunity to make so much money)

My purpose of MBA is to capitalize on the timing and industry choice
Director
Joined: 07 Aug 2006
Posts: 572
Followers: 1

Kudos [?]: 5 [0], given: 0

Or you could just focus on doing something you enjoy rather than following the latest fad. You'll be much happier.
Director
Joined: 10 Aug 2006
Posts: 665
Followers: 2

Kudos [?]: 7 [0], given: 0

dukes wrote:
Or you could just focus on doing something you enjoy rather than following the latest fad. You'll be much happier.

In which case u are telling me to stick to IT
Boo hooo there is no money here
VP
Joined: 11 Dec 2006
Posts: 1429
Location: New York, NY
Schools: NYU Stern 2009
Followers: 41

Kudos [?]: 219 [0], given: 6

You need to divert from the conventional thought path you follow

-IBs pay well, but it is a mature industy. Unless you luck-in on a new, growing part, you will not make much money whilst having fun. You will work a lot, on quite often dull stuff

-If I wanted to entrap an MBA, I would offer a high initial wage, then not increase it. Short termism is a dangerous way to look at things, you must look longer than the first year paycheck

-You like IT. The money working for an IT company is gone. The money from starting your own, given it is well thought and a good proposition, most certainly is not gone.
SVP
Joined: 24 Aug 2006
Posts: 2132
Followers: 3

Kudos [?]: 117 [0], given: 0