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agold
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Pre-MBA salaries: do they matter? 25 Nov 2008, 11:29
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riverripper
There are differences in pay between different companies. McKinsey, Bain, and BCG actually are not the highest paying since the know people go there for more than the big paycheck (though they do have really good benefits). Some of the smaller companies are willing to pay more to attract the best talent and would be a great option for those few people who want to make a career of consulting.
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Just wanted to add that Goldman Sachs is the same deal in banking. They generally are not known to pay top bonuses among the bulge bracket. However, the name on your resume will open up several doors to you that are closed to a banker at a Deutsche Bank or Credit Suisse caliber bank.

And along those lines, I urge everyone to basically ignore starting salaries as much as they can. Please look into and research career progression. Where will you be in 5 years, 10 years, 15 years? These are tough questions to ask prospective employers and even tougher questions to get answers to. However, this is far more important than any differential in starting salary could ever be.
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Pre-MBA salaries: do they matter? 25 Nov 2008, 11:38
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agold
riverripper

And along those lines, I urge everyone to basically ignore starting salaries as much as they can. Please look into and research career progression. Where will you be in 5 years, 10 years, 15 years? These are tough questions to ask prospective employers and even tougher questions to get answers to. However, this is far more important than any differential in starting salary could ever be.
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i agree with agold in principle but I think it's gonna be difficult for some of us to simply ignore starting salary offers when most of will take on massive debt and have multiple offers.....
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agold
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Pre-MBA salaries: do they matter? 25 Nov 2008, 11:40
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agold
riverripper

And along those lines, I urge everyone to basically ignore starting salaries as much as they can. Please look into and research career progression. Where will you be in 5 years, 10 years, 15 years? These are tough questions to ask prospective employers and even tougher questions to get answers to. However, this is far more important than any differential in starting salary could ever be.

i agree with agold in principle but I think it's gonna be difficult for some of us to simply ignore starting salary offers when most of will take on massive debt and have multiple offers.....
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It's even more foolish to ignore career progression.

Let's say you have 2 jobs:

Job A:
Year 1 Post-MBA: $200K
Year 5 Post-MBA: $300K
Year 10 Post-MBA: $500K

Job B:
Year 1 Post-MBA: $125K
Year 5 Post-MBA: $400K
Year 10 Post-MBA: $1.5M

Which one makes more sense to you?

Paying off your debt ASAP should not be a concern for any rational person who is thinking with a long-term perspective. Most people in finance will understand this.
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Pre-MBA salaries: do they matter? 25 Nov 2008, 11:42
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agold



It's even more foolish to ignore career progression.

Let's say you have 2 jobs:

Job A:
Year 1 Post-MBA: $200K
Year 5 Post-MBA: $300K
Year 10 Post-MBA: $500K

Job B:
Year 1 Post-MBA: $125K
Year 5 Post-MBA: $400K
Year 10 Post-MBA: $1.5M

Which one makes more sense to you?
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But this is real world....no one can foresee their future income or guarantee it....
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Pre-MBA salaries: do they matter? 25 Nov 2008, 11:43
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You should be able to develop a pretty decent sense of what a dead end job is and what a potentially lucrative job is.
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Pre-MBA salaries: do they matter? 16 Apr 2016, 19:26
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Post-mba your pre-mba salary doesn't really matter. 90% of all companies who recruit heavily at business schools offer the same package to all of their hires (within plus or minus 5%).
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Pre-MBA salaries: do they matter? 16 Aug 2021, 19:31
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Hello from the GMAT Club MBAbot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
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