fluidian wrote:
Hey River - a few greats post.
I have a few questions - hopefully you can provide some insight.
1. You mentioned that the GE program isn't the most attractive these days - what do you consider the more attractive and selective GM programs?
2. What are the expected salaries in these programs - in year 1, as well as 5 years out? I know you mentioned that salaries (and bonus) vary, but perhaps you know the typical numbers for the GE program and 1 or 2 other programs - any info would be more than appreciated
Thanks!
1) depends on industry. Really depends on your personal goals and what type of industry you want to be in. What are you specifically looking for? Widely diversified manufacturing, energy, travel/leisure,high tech, bio/pharma...there are so many places and what might be amazing to me could be horrible for you.
2) companies kind of have to pay market value. Look at career reports and its probably similar to what you see. GE pays <100k which is great for some schools they recruit at but if someone else is offering you 20k more its tough. Usually if you do a rotational you will get a smallish bump after the first year (typical yearly raise 5-10% probably)...but when you rotate out into a position you can get a pretty good bump. 5 years out its hard to say, you can be a star in GM and move up fast and double your pay easily within 5 years or you could take the longer run by not having either the luck or the success and just get your 5-10% a year raise.
Honestly though if you guys are super concerned about making lots of money then GM isnt going to be it. You will make a nice living but chances are you wont be able to compete with what a MC or IB makes. However, you will sleep in your own bed every night, you will be home for dinner most of the time, you will make your kids soccer game on the weekend...