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24 Jun 2017, 02:46
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Hi, I am from India. I am currently an IB Analyst at a "less" known mid-market investment bank. My role is front office (client facing). I have an opportunity to work for a bulge bracket investment bank (think JPM/GS/CS) as an IB Analyst. The role involves supporting the front office foreign team with financial models and IMs.
I would like your opinion on whether a transition from a front office boutique to a back office bulge bracket would reflect poorly on my future MBA application.
I do have valid reasons for the transition though,
a. Low current deal flows with no closure in my current experience and spending most of my time providing valuation services at the boutique;
b. Much higher pay than the current role. Current CTC in line with those earned by fresher IITs. New role will have CTC in line with those earned by fresher tier 1 Indian MBAs;
c. Opportunity to work at a bulge bracket with 1 year of work exp for a role which requires at least 2-3 yrs of work exp, stellar academics and a top undergrad (or b-school MBA);
d. Brand name on the resume with front office training (India office) and/or possible full-time front office (abroad) opportunity at the bulge bracket.
FYI, my Engineering GPA at a US Big ten university is 2.9/4, cleared all levels of CFA and FRM exams and a 730 GMAT. Given my target MBA programs like US Top 11-25, LBS, INSEAD and ISB, will such a possible transition help my future MBA application or hurt it. I plan to enter b-school 4-5 years from now. Also would like to know if b-schools consider the pre-MBA salary progression as a factor in the decision process and will it weight more than the role played within the firm.
Your input here will greatly help me. Thanks.
I would like your opinion on whether a transition from a front office boutique to a back office bulge bracket would reflect poorly on my future MBA application.
I do have valid reasons for the transition though,
a. Low current deal flows with no closure in my current experience and spending most of my time providing valuation services at the boutique;
b. Much higher pay than the current role. Current CTC in line with those earned by fresher IITs. New role will have CTC in line with those earned by fresher tier 1 Indian MBAs;
c. Opportunity to work at a bulge bracket with 1 year of work exp for a role which requires at least 2-3 yrs of work exp, stellar academics and a top undergrad (or b-school MBA);
d. Brand name on the resume with front office training (India office) and/or possible full-time front office (abroad) opportunity at the bulge bracket.
FYI, my Engineering GPA at a US Big ten university is 2.9/4, cleared all levels of CFA and FRM exams and a 730 GMAT. Given my target MBA programs like US Top 11-25, LBS, INSEAD and ISB, will such a possible transition help my future MBA application or hurt it. I plan to enter b-school 4-5 years from now. Also would like to know if b-schools consider the pre-MBA salary progression as a factor in the decision process and will it weight more than the role played within the firm.
Your input here will greatly help me. Thanks.
24 Jun 2017, 09:15
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IBfellow
Hi, I am from India. I am currently an IB Analyst at a "less" known mid-market investment bank. My role is front office (client facing). I have an opportunity to work for a bulge bracket investment bank (think JPM/GS/CS) as an IB Analyst. The role involves supporting the front office foreign team with financial models and IMs.
I would like your opinion on whether a transition from a front office boutique to a back office bulge bracket would reflect poorly on my future MBA application.
I do have valid reasons for the transition though,
a. Low current deal flows with no closure in my current experience and spending most of my time providing valuation services at the boutique;
b. Much higher pay than the current role. Current CTC in line with those earned by fresher IITs. New role will have CTC in line with those earned by fresher tier 1 Indian MBAs;
c. Opportunity to work at a bulge bracket with 1 year of work exp for a role which requires at least 2-3 yrs of work exp, stellar academics and a top undergrad (or b-school MBA);
d. Brand name on the resume with front office training (India office) and/or possible full-time front office (abroad) opportunity at the bulge bracket.
FYI, my Engineering GPA at a US Big ten university is 2.9/4, cleared all levels of CFA and FRM exams and a 730 GMAT. Given my target MBA programs like US Top 11-25, LBS, INSEAD and ISB, will such a possible transition help my future MBA application or hurt it. I plan to enter b-school 4-5 years from now. Also would like to know if b-schools consider the pre-MBA salary progression as a factor in the decision process and will it weight more than the role played within the firm.
Your input here will greatly help me. Thanks.
I would like your opinion on whether a transition from a front office boutique to a back office bulge bracket would reflect poorly on my future MBA application.
I do have valid reasons for the transition though,
a. Low current deal flows with no closure in my current experience and spending most of my time providing valuation services at the boutique;
b. Much higher pay than the current role. Current CTC in line with those earned by fresher IITs. New role will have CTC in line with those earned by fresher tier 1 Indian MBAs;
c. Opportunity to work at a bulge bracket with 1 year of work exp for a role which requires at least 2-3 yrs of work exp, stellar academics and a top undergrad (or b-school MBA);
d. Brand name on the resume with front office training (India office) and/or possible full-time front office (abroad) opportunity at the bulge bracket.
FYI, my Engineering GPA at a US Big ten university is 2.9/4, cleared all levels of CFA and FRM exams and a 730 GMAT. Given my target MBA programs like US Top 11-25, LBS, INSEAD and ISB, will such a possible transition help my future MBA application or hurt it. I plan to enter b-school 4-5 years from now. Also would like to know if b-schools consider the pre-MBA salary progression as a factor in the decision process and will it weight more than the role played within the firm.
Your input here will greatly help me. Thanks.
Hi and thanks for the question. I am former adcom and I can say that most schools will ask about salary and they do look at the progression. So a big jump in salary is a positive and would be noticed. The brand name of big name bank will also be noticed and help in the application overall. The only negative is just to be sure that the work makes sense to you in your career progression. You want to tell a coherent story that is consistent with your post MBA goals. Right before B school is not the time to take a job just for the money- as everything you do and say should point to helping you reach that longer term post MBA goal. If this new role helps you add new skills that will help you post MBA, then it could be a good move. For a profile review of your situation in more detail, please reach out to this link for a free consult: https://stratusadmissionscounseling.com ... b-visitor/
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24 Jun 2017, 09:33
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Appreciate your prompt response.
I plan to work in a corporate finance role post my MBA. I am aware of how competitive the post MBA IB opportunity is, so don't want to narrow down my end goal.
My main intention is not the salary rather an opportunity to work at a bulge bracket which was a distant dream given my low GPA. I plan to enter b-school 4-5 years from now and would like to leverage onto my possible experience in bulge bracket to get into well known front office role in IB or in VC pre-MBA.
I will surely take your points into consideration while making a move. Thank you.
I plan to work in a corporate finance role post my MBA. I am aware of how competitive the post MBA IB opportunity is, so don't want to narrow down my end goal.
My main intention is not the salary rather an opportunity to work at a bulge bracket which was a distant dream given my low GPA. I plan to enter b-school 4-5 years from now and would like to leverage onto my possible experience in bulge bracket to get into well known front office role in IB or in VC pre-MBA.
I will surely take your points into consideration while making a move. Thank you.
