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

It is currently 30 Sep 2014, 16:04

Close

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
Your Progress

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

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Will switching companies pre-MBA affect my candidacy

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
Intern
Intern
avatar
Joined: 16 Jan 2011
Posts: 18
Followers: 0

Kudos [?]: 4 [0], given: 0

Will switching companies pre-MBA affect my candidacy [#permalink] New post 13 Oct 2013, 09:30
Hi everyone,

I would really appreciate some advice on an interesting situation I've found myself in. I wrote the GMAT in 2011 (710) after graduating from my undergrad and recently completed a 2 year rotational leadership development program at a global bank. I am currently working in the bank's Global Banking & Markets division for its Financial Institutions Group (Corporate Banking). My Managing Director left earlier this year to take an MD role at a bulge bracket investment bank, and has recently asked me if I would be interested in moving over to join her.

My GMAT is valid until April 2016, so I must apply to B-school before then. She knows about my MBA aspirations and while being in the role for only 2 years before leaving is on the shorter end of what she had in mind, she doesn't think it will be a big issue.

Some quick facts about the role she is offering:
- would be a 1-2 year early promotion from Analyst to Associate (Corporate banking)
- would involve about a 75% increase in base pay (potentially 100% increase including bonus)
- wider scope of roles/responsibilities (exposure to more sub-sectors and banking products/services)
- Opportunity to work for a great coach/leader and learn a lot
- Both firms are very international and well known, though my current employer is known more as a commercial/retail bank and the other is a bulge bracket investment bank with more 'prestige' in the industry.

Risks/Concerns:
- Will switching companies after just 2 years with my current employer reflect negatively on me for MBA applications?
- I don't want to burn bridges after my current employer just spent the last 2 years investing heavily in my development
- I have developed a strong reputation at my current firm and am well known by senior leadership. I also have two senior executive mentors who both support my MBA aspirations. If I move I would have to rebuild from scratch.

I'm happy with my current job and really like the team I'm working with. However, the offer is a great opportunity with significant benefits for my work experience and compensation.

So my question is: Should I take the job? How will this impact my MBA candidacy? Any advice is greatly appreciated.


Profile:

GMAT: 710 (Q47 / V40)
GPA: 3.4 Overall, 4.09/4.33 (93%) in upper division courses
Work experience: Banking - 2.5 years. (5 years at matriculation)
Other: wide variety of volunteer/community involvement and play several sports.

Target schools:
- LBS
- HBS
- Berkeley
- Columbia
- Yale
- Cornell
Kaplan Promo CodeKnewton GMAT Discount CodesVeritas Prep GMAT Discount Codes
Expert Post
Admissionado
User avatar
Joined: 30 Nov 2009
Posts: 3247
Location: Chicago, IL
Schools: Brown University, Harvard Business School
Followers: 44

Kudos [?]: 539 [0], given: 29

Re: Will switching companies pre-MBA affect my candidacy [#permalink] New post 14 Oct 2013, 01:49
Expert's post
Well dude, the only thing I can say for sure, is that moving companies after two years for a better paid job with more responsibility in a better bank (bulge bracket) is NOT going to look bad. On the contrary. From an MBA perspective it'll probably look very very good.

As for the thing with your current employer, I can't really help you there, that's between you and your firm, and the people there, and you need to think that through.

But let's just say that from an admissions point of view it would be an excellent move.
_________________

Jon Frank
Founder, Admissionado

Admissionado.com

If you like the post, give it a KUDOS!

Re: Will switching companies pre-MBA affect my candidacy   [#permalink] 14 Oct 2013, 01:49
    Similar topics Author Replies Last post
Similar
Topics:
Experts publish their posts in the topic Quitting my job early pre-mba johnkim410 6 11 Dec 2013, 18:07
Career Switch Pre-MBA, Market Research/Brand MGMT? highwyre237 2 28 Sep 2011, 06:11
Experts publish their posts in the topic Please evaluate my candidacy misterchipper 5 03 Mar 2011, 12:12
Experts publish their posts in the topic Will my pre-MBA break from job affect MBA admission gaga 1 22 Mar 2010, 14:02
Experts publish their posts in the topic Is my pre-MBA job killing my chances? FatRiverPuff 2 20 Mar 2010, 20:17
Display posts from previous: Sort by

Will switching companies pre-MBA affect my candidacy

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.