Last visit was: 16 May 2025, 01:12 It is currently 16 May 2025, 01:12
Home
GMAT
Messages
Tests
Schools
Events
Rewards
Chat
My Profile
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.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel
Back to Forum
Create Topic
   1   2   3 

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
View results
User avatar
rhyme
User avatar
Major Poster
Joined: 05 Apr 2006
Last visit: 02 Dec 2024
Posts: 5,910
Own Kudos:
3,136
Given Kudos: 7
Affiliations: HHonors Diamond, BGS Honor Society
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
WE:Business Development (Consumer Packaged Goods)
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
Posts: 5,910
Kudos: 3,136
$$$ Careers for Career switchers 07 Mar 2007, 19:11
Kudos
Add Kudos
Bookmarks
Bookmark this Post
smudge
does anyone know how many employees a private equity firm will typically have?


Not many. Depends on the firm, but they usually only hire maybe 2 or 3 people a year.
avatar
gmatclb
avatar
Joined: 09 Jan 2007
Last visit: 14 Jun 2009
Posts: 706
Own Kudos:
27
Posts: 706
Kudos: 27
$$$ Careers for Career switchers 07 Mar 2007, 19:29
Kudos
Add Kudos
Bookmarks
Bookmark this Post
smudge
does anyone know how many employees a private equity firm will typically have?


They hire when someone leaves the firm. My old rommate was the only analyst at his shop and every other employee was either a partner or secretary. Of course, this was a small firm.
User avatar
mba07
User avatar
Joined: 08 Feb 2006
Last visit: 19 Oct 2011
Posts: 219
Own Kudos:
11
Schools:Ross, Kellogg, Darden (i/v)
Posts: 219
Kudos: 11
$$$ Careers for Career switchers 08 Mar 2007, 01:45
Kudos
Add Kudos
Bookmarks
Bookmark this Post
gmatclb
smudge
does anyone know how many employees a private equity firm will typically have?

They hire when someone leaves the firm. My old rommate was the only analyst at his shop and every other employee was either a partner or secretary. Of course, this was a small firm.

Do the big PE shops like Blackstone, Carlyle, KKR even hire on campus? I had an impression they recruit from places like McK, Bain, BCG. Can someone throw light on this?
User avatar
diegmat
User avatar
Joined: 14 Sep 2006
Last visit: 16 Apr 2012
Posts: 152
Own Kudos:
59
Schools:Olin Business School - Washington University
Posts: 152
Kudos: 59
$$$ Careers for Career switchers 08 Mar 2007, 02:10
Kudos
Add Kudos
Bookmarks
Bookmark this Post
mba07
gmatclb
smudge
does anyone know how many employees a private equity firm will typically have?

They hire when someone leaves the firm. My old rommate was the only analyst at his shop and every other employee was either a partner or secretary. Of course, this was a small firm.
Do the big PE shops like Blackstone, Carlyle, KKR even hire on campus? I had an impression they recruit from places like McK, Bain, BCG. Can someone throw light on this?


Yes they definitely do. Know several Wharton grads who had offers from Blackstone, Carlyle, etc.

My guess is that they target W and H. Maybe Tuck and Chicago too...
User avatar
venky1979
User avatar
Joined: 10 Aug 2006
Last visit: 15 Feb 2019
Posts: 665
Own Kudos:
7
Posts: 665
Kudos: 7
$$$ Careers for Career switchers 08 Mar 2007, 02:42
Kudos
Add Kudos
Bookmarks
Bookmark this Post
rhyme
I really cant even begin to tell you the number of people I've met who want to do IB or want to do MC but you ask them why, and they really really dont have a good answer.

Venky,

If all you want in life is money, go do IB. It pays very well. If you want a bit more of a life and still get paid a helluva lot more than whatever your getting paid now probably, go into MC. If you want to make a little less than your peers for a few years, but when they are sitting in New Jersey at 10pm at night, you are at home watching the Simpsons, go into something corporate.


Yes what good is money if you dont have a life and are not happy :)
MC sounds like a good option.
User avatar
gauravgoyal_g
User avatar
Joined: 08 Sep 2006
Last visit: 19 Aug 2009
Posts: 115
Posts: 115
Kudos: 0
$$$ Careers for Career switchers 09 Mar 2007, 04:58
Kudos
Add Kudos
Bookmarks
Bookmark this Post
I maybe way off base here, but based on the profiles of the the people working at top private equity firms, it looks like most of the people in private equity were at one point in Investment Banking.
Morever the job description of someone in Private equity seems very similar to that in M & A/IB.
So from a lifestyle point of view, is working in private equity really different from working in M&A or IB?

On a slightly different track, would early 30s be late in life to switch to IB or other finance related roles such as equity research/financial planning etc?
User avatar
kidderek
User avatar
Joined: 24 Aug 2006
Last visit: 13 Jul 2019
Posts: 1,960
Own Kudos:
352
Posts: 1,960
Kudos: 352
$$$ Careers for Career switchers 09 Mar 2007, 08:44
Kudos
Add Kudos
Bookmarks
Bookmark this Post
gauravgoyal_g
On a slightly different track, would early 30s be late in life to switch to IB or other finance related roles such as equity research/financial planning etc?


Good question. I will be 31 when I graduate; which is slightly old, but I don't think it's too old.
avatar
Keerthi23
avatar
Joined: 21 Apr 2022
Last visit: 25 Apr 2022
Posts: 1
Posts: 1
Kudos: 0
$$$ Careers for Career switchers 21 Apr 2022, 04:36
Kudos
Add Kudos
Bookmarks
Bookmark this Post
hii,
After completing MBA, I recommend to do data science course.
Data science is a very good career with tremendous opportunities for advancement in the future. Already, demand is high, salaries are competitive, and the perks are numerous. The average salary for a data scientist is Rs. 698,412 per year. With less than a year of experience, an entry-level data scientist can make approximately 500,000 per year.
Learnbay provides the best online data science and advanced AI Programme course institute in Pune. They are providing 6 to 8 certificates and 14 live projects. They have well-experienced faculties that will help them build their technical skills and enhance career opportunities. for more information, visit Learnbay.co
User avatar
LuisCarlos
User avatar
Joined: 26 Mar 2024
Last visit: 26 Mar 2024
Posts: 6
Own Kudos:
1
Posts: 6
Kudos: 1
$$$ Careers for Career switchers 26 Mar 2024, 21:38
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Ah this is me!

Luck played its part, but the real game-changer was strategic maneuvering post-MBA. I transitioned from a finance department's "Excel monkey" to making over $300k in Tech within a few years. It was about seizing the opportunity in Tech within finance, teaching myself to code, and changing roles mixing experiences from both.
   1   2   3