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25 Nov 2008, 11:29
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riverripper
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.
25 Nov 2008, 11:38
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agold
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.....
25 Nov 2008, 11:40
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ninkorn
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.
