Forum Home > GMAT > Quantitative > Problem Solving (PS)
Events & Promotions
|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Dec 1210:00 AM EST
-10:30 AM EST
Did you know you can lock in a spot at an elite MBA program years in advance of attending? Learn everything about Deferred MBA programs and why they’re becoming a game-changer for students and professionals.
Dec 1110:00 AM PST
-11:00 AM PST
Top MBA Admissions Consultant: We work with you to turn YOUR story and YOUR passions into YOUR success. Curious to learn more?
Dec 1101:00 PM EST
-03:00 PM EST
Looking to secure a coveted spot at a top business school? Our team of seasoned MBA admissions consultants, including top B schools alumni and industry leaders, is here to help turn your dreams into reality. Let’s kick-start your journey to success!
Dec 1208:00 PM PST
-09:00 PM PST
Inquire for a free profile evaluation and guarantee statement for possible admits and scholarships!
Dec 1308:30 AM EST
-09:15 AM EST
Get the inside scoop on what makes Emory’s Goizueta Business School great, learn how you can present a strong MBA application, and connect with an Admissions Director to get your questions answered.
Dec 1408:00 AM PST
-11:30 AM PST
Join us for an exclusive Admit Weekend designed to help you navigate the exciting yet challenging process of choosing between multiple MBA offers and provide valuable guidance on financial aid, scholarship negotiation, visa processes, and more.
Dec 1511:00 AM EST
-11:30 AM EST
Meet Tuck at an informal student or staff-hosted coffee chat in a city near you!- Dec 16
08:00 AM PST
-11:59 PM PST
GMAT Club 12 Days of Christmas is a 4th Annual GMAT Club Winter Competition based on solving questions. This is the Winter GMAT competition on GMAT Club with an amazing opportunity to win over $40,000 worth of prizes! 
Dec 2109:00 PM IST
-10:00 PM IST
Dreaming of a successful post-MBA career? Explore the 2026 career pathways in consulting, tech, finance, and dive into the exciting opportunities and the potential ROI these industries offer, helping you make informed decisions and more.
24 Jun 2017, 11:46
Kudos
Bookmarks
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/MS) 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. My post MBA goal is to work in a corporate finance role. 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. My target MBA programs are US Top 11-25 (programs with avg. GMAT score up to 705), LBS, INSEAD and ISB.
I would like to know if such a possible transition help my future MBA application or hurt it. 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 responsibility played within a firm, i.e. Does lower salary, higher responsibility at a boutique trump over higher salary, lower responsibility at a bulge bracket.
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. My post MBA goal is to work in a corporate finance role. 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. My target MBA programs are US Top 11-25 (programs with avg. GMAT score up to 705), LBS, INSEAD and ISB.
I would like to know if such a possible transition help my future MBA application or hurt it. 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 responsibility played within a firm, i.e. Does lower salary, higher responsibility at a boutique trump over higher salary, lower responsibility at a bulge bracket.
Your input here will greatly help me. Thanks.
30 Jun 2017, 04:53
Kudos
Bookmarks
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/MS) 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. My post MBA goal is to work in a corporate finance role. 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. My target MBA programs are US Top 11-25 (programs with avg. GMAT score up to 705), LBS, INSEAD and ISB.
I would like to know if such a possible transition help my future MBA application or hurt it. 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 responsibility played within a firm, i.e. Does lower salary, higher responsibility at a boutique trump over higher salary, lower responsibility at a bulge bracket.
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. My post MBA goal is to work in a corporate finance role. 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. My target MBA programs are US Top 11-25 (programs with avg. GMAT score up to 705), LBS, INSEAD and ISB.
I would like to know if such a possible transition help my future MBA application or hurt it. 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 responsibility played within a firm, i.e. Does lower salary, higher responsibility at a boutique trump over higher salary, lower responsibility at a bulge bracket.
Your input here will greatly help me. Thanks.
Well, maybe you are overthinking.
I think the first thing is that you don't want to be too unambitious. If you proposed for me to move from front office of your current firm to front office of BB, I would say "why not"? You have the experience.
It's true you lack the grades, and maybe some pedigree. But it seems better to me to aim a bit higher (as long as it's logical).
Regarding your school proposals: I think your range for the US is fair. LBS is probably totally out range due to the GPA. INSEAD a maybe, and IMD doesn't really make sense (very small class, mostly focused on industry and not banking).
Hope this gets you started!
If you have anything else, let me know!
Best,
JF
30 Jun 2017, 09:24
Kudos
Bookmarks
Point taken but I would like to highlight few points here about the Indian markets.
Bulge brackets in India mostly focus on $1 bln+ deals (~20 deals in 2016 for all bulge brackets combined), so, the front office teams are really small and super selective. Below this deal value threshold, mostly boutique players are active. Issue with boutiques are the no. of deals are skewed only to a handful while the rest are starved out of deals and doesn't pay as much as I am currently paid (currently paid on the upper band of most boutiques). My attempt to laterally move to another front office role in active boutiques proved unsuccessful given the supply of talented people here. Possibly with a bulge bracket name on my resume, I might be able to move onto these elite boutiques at a later stage. I am open to suggestions here if you have something to add.
I will surely consider your argument here. Thanks for your feedback on the schools. I will update my list.
-- IBFellow
Bulge brackets in India mostly focus on $1 bln+ deals (~20 deals in 2016 for all bulge brackets combined), so, the front office teams are really small and super selective. Below this deal value threshold, mostly boutique players are active. Issue with boutiques are the no. of deals are skewed only to a handful while the rest are starved out of deals and doesn't pay as much as I am currently paid (currently paid on the upper band of most boutiques). My attempt to laterally move to another front office role in active boutiques proved unsuccessful given the supply of talented people here. Possibly with a bulge bracket name on my resume, I might be able to move onto these elite boutiques at a later stage. I am open to suggestions here if you have something to add.
I will surely consider your argument here. Thanks for your feedback on the schools. I will update my list.
-- IBFellow
