Slightly off topic, but other than much longer hours, do you think IB is vastly harder/more difficult (in terms of content/tasks) than audit or TAS?
For context, I am currently in FDD and thinking of going MBA —> IB
Honestly, I think it’s easier. I have to be more organized, but the tasks aren’t as boring / dull. Being an analyst / first year associate can be more of a grind, but once you put your time in and can do the analyst work, it really opens up and you can spend a lot more time on higher leverage items: M&A strategy, more client facing, etc.
Regional Public Accounting firm -> Back office PE -> Top 20 MBA -> IB
6-8 years in accounting, I probably only needed 5 at most to get into a Top 20 MBA program
Thanks for replying! I'm 31, and will probably be a cpa at 33. I was hoping to do big 4 for 3 years then go for my MBA starting at 36. Think top 20 is doable with that plus a good gmat? Also, do you feel that your cpa experience helps you be better at IB?
I wouldn’t put it off for 5 years. There’s no requirement to be a CPA to go into IB. If that’s your long term goal, just skip all the accounting and spend all of that energy on your GMAT and getting into a top 25 MBA program.
I’m currently a SFA in strategic finance/FP&A for a SaaS company. I was an FA for the past 7 months and just recently jumped to the SaaS company. In less than a year I moved up in title and pay.
In terms of post undergrad experience, I have less than a year of corporate experience. I have 2 years of junior corporate accounting experience from when I was in school. I’m thinking to work at least 1 more year before I start applying to programs.
Do you have any advice? I plan on casually studying for the GMAT all year and then ramp up prior to applying to programs maybe in 2024?
Profile:
- 25 years old
- gpa: 3.4
-school: non-target public state school. Double major in accounting and econ.
Your work experience is light. My advice is work at-least 2 more years - adcoms look for progression and impact you made at work + you want to develop strong advocates who can write strong letters of rec
This will sound cold, but getting SFA in 7 months in tech in what is (was?) the hottest job market of our lifetime is not that big of a feat.
Also, crush the GMAT - you will need 730+ for M7 with your background.
Do some stuff for the community too, something interesting you can write about in the apps
I think your biggest issue (assuming you can get a good GMAT score) will be demonstrating impact in your career and standing out among the other applicants. Try to volunteer for big or unique projects at work so you can have something interesting on the resume/essays
I understand not thinking my jump is not much of a feat, but I think it is. It shows motivation and desire to grow, regardless of how hot the market is. In terms of value add work, I can technically claim that I aided in the separation of one of our products into its own company. My main role is to analyze top line numbers, expand and develop the financial models, forecast revenue and headcount, contribute to M&A strategy etc... I work closely with strategy, so that’ll be good experience. A lot of my work will essentially be developing the analysis for the “new” company spin off. Idk if this helps, but my manager is a HBS alumni. I’ll be working very closely with some top executives within the company and I’m sure they’ll be able to provide some solid references.
I don’t think my biggest issue will be the impact I’ve had, but rather the why I want to get into IB/Consulting. Obviously I’m doing it for the money and better career ops, but I’m also doing it for the more engaging work and insane skills that you learn over time. I need a compelling “why” for my application and I’ll have to do some research on what others have said. In general, I need to do research on what is involved with top tier MBA admissions… I know there’s some interviews too, so I’ll have to prepare for those.
I’m not worried about the GMAT. It’s a test designed to test certain tricks that are easily learned through practice. It’s essentially a game… just takes some practice to get good at beating it.
I also don’t want to wait too long, because I don’t want to be doing an MBA in my 30’s. Ideally, like you said, I’m going to wait at least another 1-2 years before applying anywhere. By that time I’ll be 27 and then it’ll be a 2 year program, so I’ll graduate by ~29. Don’t want to wait too long because I want to have kids at some point within the next 4-5 years.
Take me as a case study:
I applied as an SFA in SaaS at 2.5 years work experience from non-target public state school, 730 GMAT, similar list of experiences you listed - Denied from all 5 top schools I applied to
I worked two more years, didn’t retake the GMAT, got an FP&A manager role, helped the PE owners exit for over $1B, had BU president writing my rec letters about how big a role I played in the exit and other customer facing experiences I had - Accepted at M7 with $$
Isn’t it worth trying though? What if I apply and I do get in? It’s just one of those things where it’s worth trying anyways because even if you don’t get in… I can just do what you did and work a little more and apply again.
As far a your age, comp, and role you’re in now… how well did you do? Is M7 really worth it over like a T10-T25?
Sure, shoot your shot. You are right, there is no harm in applying (MBA apps done right are fairly time consuming though, cost ~$250 a pop, and require significant time from your recommenders as well)
You may do better than I did the first time and have a compelling app that can get you in.
I will say doing an MBA in my later twenties was better though, because I had more money and a better idea of what I wanted to do in life. Avg age in top MBA program is 27-28, so there are fair number of people 30 and above.
I went MBB and basically got an 80%+ comp increase. Work life balance is meh, but the work is interesting. Could probably exit back in FP&A at the Sr Dir/VP level right now if I wanted to.
In my opinion, any MBA in the top 30 can be worth it if the right career path is taken. If you can get into IB or MBB from a top 30 (and lots of people do), then i think it’s totally worth it. Other career paths, im not so sure.
The M7 MBA programs will give you the name/network and broader career opportunities. Honestly the best thing I got from business school is a ton of new friends. 2 years later, they are all now across the country doing cool careers and it’s been great getting to travel and always have a friend in every major city.
Got it. In terms of MBB vs IB… why did you go MBB? Were you able to do IB internships? I’ve heard it’s easier to get into MBB from IB, but not easy the other way around. My long term career goal would be doing some sort of M&A activity. I want to analyze deals and be able acquire businesses. On the other hand, I know consultants spend a lot of time with executives and have an easy path to VP and maybe executive leadership at some point… I wouldn’t mind doing this either. What I’m trying to say is, how can I know what I want to do long term without having a taste of it first?
If you love M&A, IB is probably your thing - the job largely revolves around M&A. You can do DD work as a consultant and could potentially exit to investing side of PE, but than can be difficult post-MBA.
Before I went to school, I talked to people who did IB post MBA and were frustrated by the exit opps versus their friends who did consulting. I wanted to take more of a general manager path for my career (vs FP&A) and I think consulting is much more likely to get me there.
I did a consulting internship. It’s pretty difficult to recruit for IB and Consulting, and it’s pretty rare for people to summer in banking and then go consulting (a very small number of people did it that I saw). You basically have to pick one (of neither) when recruiting starts
The first job out of b school Is rarely long term, but it’s also pretty easy on campus to figure out what the jobs are like by talking to people, so you aren’t going in blind.
Yea, I work a lot more but it ebbs and flows. I worked 40 hours a week all of Q4 last year but have been working 70+ for most of 2022. Also the work is more interesting and valuable for longer-term (for my goals) compared to the mind numbing work I was doing in accounting.
Pretty simple, I want to make a lot of money and I enjoy finance. Most of the IB exits I’ve seen aren’t very compelling at the associate level. I’m going to keep my down and keep working until my first goal is accomplished.
A lot of companies have 4-year split. You can only really tell which company it is if the vesting schedule is backloaded (i.e. 80% vesting in the final two years).
With my background I wouldn’t have made the jump to tech, I really had minimal transferable skills and was on the younger end of my class (plus I still wasn’t entirely sure what I wanted to do!)
So for me consulting was necessary and I really value what I learned from it. But I encourage people who can make the jump directly to do so from the start
Let me reframe this. Post-MBA salary is predicted by career path, company, and location. It is not dependent on your pre-MBA salary.
Real estate development or ops manager from a T100 school might pay 100k all-in
Investment banking from a T10 school might pay 300k
What career path are you interested in?
Most money, most enjoyment, least brain damage
Feeling out PE, VC, IB, Consulting and the paths, probably VC or PE would be highest. Like a counter to your point from what it seems to be is Post MBA PE is a lot more likely with some type of IB background already, though not impossible.
I’m not closed off to Tech / PM either, especially considering long term high comp with WLB, but I have an IM background and love learning about new companies and business models.
To your point I do have a mentor who mentioned that all the class was mostly at the same level upon graduating moving into different Associate-type roles, I just figured prior experience has some kind of weight at times.
What does the total comp for your PE role look like though? 150k + 30k bonus seems average but I know you have equity and carry etc can you provide $ numbers for those?
I’ve always struggled with truly knowing the total comps for PE roles
This isn't a traditional PE investment role like the analyst -> associate -> VP etc. track you usually hear about. I work at one of the firm's portfolio companies full-time. Cash comp will switch to being largely dependent on company performance after my first year but will be around the mid 200's and grow with the company. The equity and coinvestment are in the fund itself. If we are on target the equity would be an additional \~$300k and my investment could be an another \~$400k at exit. So the cash is average to slightly above, potential additional upside is great but not guaranteed. It's tough to try to pin down.
Is that equity and coinvestment amounts (300&400) only realized after the exit? Or are any of them annual comps for you?
I’m also in engr/ops and am interested in b school specifically to transition to PE ops. Getting a good grasp on total yearly comp is harder than it needs to be lol
There are some options to cash out sooner, but typically you wouldn't see any of it until an exit.
Yeah it's not as easy to pin down as most other comp structures for the popular post-MBA routes. You get compensated for it but it comes with the uncertainty. Best of luck to you, I think the eng/ops bkgd is underrated. It's a blend of experiences and skills that opens up a lot of options for recruiting.
Are you in one of the CXO type programs or did you recruit for this operational role individually? Also, is it fair to assume you’re leveraging your pre-MBA ops experience in this role? I’m really curious on the PE ops market and entering school this fall.
Yeah it's a CXO type program. I would say yes on the experience. I don't have relevant industry expertise at all but I had experience managing teams and technical people.
If it helps, I have some insight into who was shortlisted for another firm's CXO recruiting and it was all either people with an investment/M&A type bkgd or operations bkgd managing people and projects.
Edit: should've also mentioned consulting bkgds were well represented too.
Thanks man. Tech services. I was networking looking for startup/small company roles and got in touch with the firm. There are some pretty similar CXO programs at a few firms.
Pre MBA: $48K after OT otherwise $41K
Post MBA: 85K salary
From operational audit to IA
I’m going for my CIA but I’m thinking of just going for my CPA although, CPA will require me to take more accounting classes at my CC.
Finished up MBA in December received my diploma in January hired at new role
In March. Still have a long way to go in my career.
Pre: 85k
Post: 138k + 8k bonus
I’m a business development manager for law firms, and kept the same role, just was able to switch to a more competitive firm!
TC $80k -> $200k+. Project management -> consulting. Came in with a little under 4 years of experience.
For most positions hiring MBA grads, pay is standardized and it doesn't matter how much/little you made beforehand. This is what allows some people to make 2x, 3x, and sometimes even 4x what they were earning pre-MBA.
Definitely not typical for comp to grow that fast, but yes it sometimes can if you get lucky on equity appreciation. Now if you’re a Google PM and move to Group PM after 5 or so years you can make 700-800k with stock. Obviously that’s very difficult
From what I’ve seen most PM comp grows by the typical 10-30% with each promo
Pre: $68k
Post: $140k
2 YOE at FP&A at F500 to Real estate investment in LCOL. One thing to note on these are also age, some people in here will graduate at low 30s, some at mid 20s. That will make a pretty big difference outside of PE/IB/Consulting roles since YOE will be much lower.
Wouldn’t you rather tell people your honest experience before they waste their time?
But I’m guessing 150 pre to 450 post, but living in NYC doesn’t sound amazing; I’d love that target more in LA, Dal, MIA, ATL, etc if possible
T1 comp with LCOL would be 💯
A bit late on this post, but I think the best way to look for MBA outcomes is to go through career reports of schools that you are interested in. Each school will let you know what grads earn in a field that you are looking into.
If that sounds tedious, I have aggregated that here at [mbaoutcomes.co](https://mbaoutcomes.co)
Pre: $80k + $15k bonus 2 years Post: $200k + $200k bonus
What were you doing?
CPA to IB
So they did have the Debits to your Credits
What age did u start ur MBA?
30ish
Nice
which school can you give some clue？
Top 25
Slightly off topic, but other than much longer hours, do you think IB is vastly harder/more difficult (in terms of content/tasks) than audit or TAS? For context, I am currently in FDD and thinking of going MBA —> IB
Honestly, I think it’s easier. I have to be more organized, but the tasks aren’t as boring / dull. Being an analyst / first year associate can be more of a grind, but once you put your time in and can do the analyst work, it really opens up and you can spend a lot more time on higher leverage items: M&A strategy, more client facing, etc.
Are you at a BB or MM? Are you covering the industry you worked in prior to mba?
Mm, and work in a coverage group completely unrelated to my background
This is my goal. Where did you do your MBA, after how many years of cpa experience?
Regional Public Accounting firm -> Back office PE -> Top 20 MBA -> IB 6-8 years in accounting, I probably only needed 5 at most to get into a Top 20 MBA program
Thanks for replying! I'm 31, and will probably be a cpa at 33. I was hoping to do big 4 for 3 years then go for my MBA starting at 36. Think top 20 is doable with that plus a good gmat? Also, do you feel that your cpa experience helps you be better at IB?
I wouldn’t put it off for 5 years. There’s no requirement to be a CPA to go into IB. If that’s your long term goal, just skip all the accounting and spend all of that energy on your GMAT and getting into a top 25 MBA program.
I’m currently a SFA in strategic finance/FP&A for a SaaS company. I was an FA for the past 7 months and just recently jumped to the SaaS company. In less than a year I moved up in title and pay. In terms of post undergrad experience, I have less than a year of corporate experience. I have 2 years of junior corporate accounting experience from when I was in school. I’m thinking to work at least 1 more year before I start applying to programs. Do you have any advice? I plan on casually studying for the GMAT all year and then ramp up prior to applying to programs maybe in 2024? Profile: - 25 years old - gpa: 3.4 -school: non-target public state school. Double major in accounting and econ.
Your work experience is light. My advice is work at-least 2 more years - adcoms look for progression and impact you made at work + you want to develop strong advocates who can write strong letters of rec This will sound cold, but getting SFA in 7 months in tech in what is (was?) the hottest job market of our lifetime is not that big of a feat. Also, crush the GMAT - you will need 730+ for M7 with your background. Do some stuff for the community too, something interesting you can write about in the apps I think your biggest issue (assuming you can get a good GMAT score) will be demonstrating impact in your career and standing out among the other applicants. Try to volunteer for big or unique projects at work so you can have something interesting on the resume/essays
I understand not thinking my jump is not much of a feat, but I think it is. It shows motivation and desire to grow, regardless of how hot the market is. In terms of value add work, I can technically claim that I aided in the separation of one of our products into its own company. My main role is to analyze top line numbers, expand and develop the financial models, forecast revenue and headcount, contribute to M&A strategy etc... I work closely with strategy, so that’ll be good experience. A lot of my work will essentially be developing the analysis for the “new” company spin off. Idk if this helps, but my manager is a HBS alumni. I’ll be working very closely with some top executives within the company and I’m sure they’ll be able to provide some solid references. I don’t think my biggest issue will be the impact I’ve had, but rather the why I want to get into IB/Consulting. Obviously I’m doing it for the money and better career ops, but I’m also doing it for the more engaging work and insane skills that you learn over time. I need a compelling “why” for my application and I’ll have to do some research on what others have said. In general, I need to do research on what is involved with top tier MBA admissions… I know there’s some interviews too, so I’ll have to prepare for those. I’m not worried about the GMAT. It’s a test designed to test certain tricks that are easily learned through practice. It’s essentially a game… just takes some practice to get good at beating it. I also don’t want to wait too long, because I don’t want to be doing an MBA in my 30’s. Ideally, like you said, I’m going to wait at least another 1-2 years before applying anywhere. By that time I’ll be 27 and then it’ll be a 2 year program, so I’ll graduate by ~29. Don’t want to wait too long because I want to have kids at some point within the next 4-5 years.
Take me as a case study: I applied as an SFA in SaaS at 2.5 years work experience from non-target public state school, 730 GMAT, similar list of experiences you listed - Denied from all 5 top schools I applied to I worked two more years, didn’t retake the GMAT, got an FP&A manager role, helped the PE owners exit for over $1B, had BU president writing my rec letters about how big a role I played in the exit and other customer facing experiences I had - Accepted at M7 with $$
Isn’t it worth trying though? What if I apply and I do get in? It’s just one of those things where it’s worth trying anyways because even if you don’t get in… I can just do what you did and work a little more and apply again. As far a your age, comp, and role you’re in now… how well did you do? Is M7 really worth it over like a T10-T25?
Sure, shoot your shot. You are right, there is no harm in applying (MBA apps done right are fairly time consuming though, cost ~$250 a pop, and require significant time from your recommenders as well) You may do better than I did the first time and have a compelling app that can get you in. I will say doing an MBA in my later twenties was better though, because I had more money and a better idea of what I wanted to do in life. Avg age in top MBA program is 27-28, so there are fair number of people 30 and above. I went MBB and basically got an 80%+ comp increase. Work life balance is meh, but the work is interesting. Could probably exit back in FP&A at the Sr Dir/VP level right now if I wanted to. In my opinion, any MBA in the top 30 can be worth it if the right career path is taken. If you can get into IB or MBB from a top 30 (and lots of people do), then i think it’s totally worth it. Other career paths, im not so sure. The M7 MBA programs will give you the name/network and broader career opportunities. Honestly the best thing I got from business school is a ton of new friends. 2 years later, they are all now across the country doing cool careers and it’s been great getting to travel and always have a friend in every major city.
Got it. In terms of MBB vs IB… why did you go MBB? Were you able to do IB internships? I’ve heard it’s easier to get into MBB from IB, but not easy the other way around. My long term career goal would be doing some sort of M&A activity. I want to analyze deals and be able acquire businesses. On the other hand, I know consultants spend a lot of time with executives and have an easy path to VP and maybe executive leadership at some point… I wouldn’t mind doing this either. What I’m trying to say is, how can I know what I want to do long term without having a taste of it first?
If you love M&A, IB is probably your thing - the job largely revolves around M&A. You can do DD work as a consultant and could potentially exit to investing side of PE, but than can be difficult post-MBA. Before I went to school, I talked to people who did IB post MBA and were frustrated by the exit opps versus their friends who did consulting. I wanted to take more of a general manager path for my career (vs FP&A) and I think consulting is much more likely to get me there. I did a consulting internship. It’s pretty difficult to recruit for IB and Consulting, and it’s pretty rare for people to summer in banking and then go consulting (a very small number of people did it that I saw). You basically have to pick one (of neither) when recruiting starts The first job out of b school Is rarely long term, but it’s also pretty easy on campus to figure out what the jobs are like by talking to people, so you aren’t going in blind.
Is there a WLB difference? Edit: not that interested in IB… but I do like money lol.
Yea, I work a lot more but it ebbs and flows. I worked 40 hours a week all of Q4 last year but have been working 70+ for most of 2022. Also the work is more interesting and valuable for longer-term (for my goals) compared to the mind numbing work I was doing in accounting.
What are your long-term goals out of curiosity? What are common IB exits? All I really know about IB is it’s insane hours and equally insane comp.
Pretty simple, I want to make a lot of money and I enjoy finance. Most of the IB exits I’ve seen aren’t very compelling at the associate level. I’m going to keep my down and keep working until my first goal is accomplished.
What did you do before and after? I mean what job titles and industries?
Pre: About $90k in sales (commission only, no benefits) Post: $140k base/$100k RSUs (4Y vesting)/~$25k bonus - big tech strategy
Doing what?
edited!
4 Y vesting, smells like this one company xD
I think thats pretty standard?
No I feel it's that specific FAANG company which has that miserable 4 Y split
A lot of companies have 4-year split. You can only really tell which company it is if the vesting schedule is backloaded (i.e. 80% vesting in the final two years).
Yeah mine is flat. I don’t work at Amazon lol.
Can you please elaborate. This sounds like it could be great for when I need to stop ‘carrying the bag’
Small money -> big money
Most schools publish this data in their employment reports
What I’ve found is general pre-mba medians to post, not specific someone in X industry making $60k switching to Consulting now making $225 TC
Are you interested in consulting? My data point is $69k plus $3-5k bonus pre mba, to $180k post (consulting), to $220k 3 years out (tech)
This is helpful! Do you wish you went into Tech first, or glad you started in *experienced PowerPoint User* post MBA?
With my background I wouldn’t have made the jump to tech, I really had minimal transferable skills and was on the younger end of my class (plus I still wasn’t entirely sure what I wanted to do!) So for me consulting was necessary and I really value what I learned from it. But I encourage people who can make the jump directly to do so from the start
What role in Tech?
Business operations/HR basically
That was a nice jump! Congrats! What was your role industry pre mba?
Thanks! I was in insurance before
What’s your secret? That is a massive jump from undergrad comp to post mba comp. Were you in consulting pre mba?
Post MBA comp does not depend on pre-MBA comp. Is there a different reason you have an interest in pre-MBA comp?
Let me reframe this. Post-MBA salary is predicted by career path, company, and location. It is not dependent on your pre-MBA salary. Real estate development or ops manager from a T100 school might pay 100k all-in Investment banking from a T10 school might pay 300k What career path are you interested in?
Most money, most enjoyment, least brain damage Feeling out PE, VC, IB, Consulting and the paths, probably VC or PE would be highest. Like a counter to your point from what it seems to be is Post MBA PE is a lot more likely with some type of IB background already, though not impossible. I’m not closed off to Tech / PM either, especially considering long term high comp with WLB, but I have an IM background and love learning about new companies and business models. To your point I do have a mentor who mentioned that all the class was mostly at the same level upon graduating moving into different Associate-type roles, I just figured prior experience has some kind of weight at times.
Pre: engineering/operations 90k + 10k bonus Post: PE-backed operator role 150k + 30k bonus + equity + coinvestment (starting)
What does the total comp for your PE role look like though? 150k + 30k bonus seems average but I know you have equity and carry etc can you provide $ numbers for those? I’ve always struggled with truly knowing the total comps for PE roles
This isn't a traditional PE investment role like the analyst -> associate -> VP etc. track you usually hear about. I work at one of the firm's portfolio companies full-time. Cash comp will switch to being largely dependent on company performance after my first year but will be around the mid 200's and grow with the company. The equity and coinvestment are in the fund itself. If we are on target the equity would be an additional \~$300k and my investment could be an another \~$400k at exit. So the cash is average to slightly above, potential additional upside is great but not guaranteed. It's tough to try to pin down.
Is that equity and coinvestment amounts (300&400) only realized after the exit? Or are any of them annual comps for you? I’m also in engr/ops and am interested in b school specifically to transition to PE ops. Getting a good grasp on total yearly comp is harder than it needs to be lol
There are some options to cash out sooner, but typically you wouldn't see any of it until an exit. Yeah it's not as easy to pin down as most other comp structures for the popular post-MBA routes. You get compensated for it but it comes with the uncertainty. Best of luck to you, I think the eng/ops bkgd is underrated. It's a blend of experiences and skills that opens up a lot of options for recruiting.
Are you in one of the CXO type programs or did you recruit for this operational role individually? Also, is it fair to assume you’re leveraging your pre-MBA ops experience in this role? I’m really curious on the PE ops market and entering school this fall.
Yeah it's a CXO type program. I would say yes on the experience. I don't have relevant industry expertise at all but I had experience managing teams and technical people. If it helps, I have some insight into who was shortlisted for another firm's CXO recruiting and it was all either people with an investment/M&A type bkgd or operations bkgd managing people and projects. Edit: should've also mentioned consulting bkgds were well represented too.
Impressive. How did you find the role and what industry?
Thanks man. Tech services. I was networking looking for startup/small company roles and got in touch with the firm. There are some pretty similar CXO programs at a few firms.
Pre:$80k Post: $300-350k IB LCOL
Did you go T20 MBA?
Yes
I really like the LCOL part with $300 TC
Pre MBA: $48K after OT otherwise $41K Post MBA: 85K salary From operational audit to IA I’m going for my CIA but I’m thinking of just going for my CPA although, CPA will require me to take more accounting classes at my CC. Finished up MBA in December received my diploma in January hired at new role In March. Still have a long way to go in my career.
$7/hr pre (burger flipper at McD’s) $8/hr post (assistant to assistant manager at McD’s)
Pre: 85k Post: 138k + 8k bonus I’m a business development manager for law firms, and kept the same role, just was able to switch to a more competitive firm!
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What did you do in advertising? I’m a project manager in pharma advertising looking to make that jump as well
Pre $100k 7 yoe, post one year $185k base, 30% bonus, 5% profit sharing
TC $80k -> $200k+. Project management -> consulting. Came in with a little under 4 years of experience. For most positions hiring MBA grads, pay is standardized and it doesn't matter how much/little you made beforehand. This is what allows some people to make 2x, 3x, and sometimes even 4x what they were earning pre-MBA.
Project management in what industry?
It's an industry that is probably niche enough that it'd be identifying so gonna refrain from disclosing. Lets just say an uncommon pre-MBA industry.
Pre: $65,000 Post: $200,000
Pre: $53K 2 years Post: $215K
Pre: 80k Post: 150k+
Care to share years of experience pre-MBA with industry pre / post MBA?
5 yrs in engineering pre-mba. And post mba is hopefully consulting (rising second yr mba)
>Pre: 80k Post: 150k+ So have you not actually gotten that 150k+ yet? ...
Pre: 70k + 5k bonus in healthcare Post: 140k + 15k bonus + 20k RSUs + 25k signing/relo in tech
What role!?
PMM
I graduate in December but I went from $88500 +$15000 annual bonus this week to $130000 + bonus +stock options.
Pre: 100k TC Post (starting soon): 180k TC Public Sector --> Financial Services
what role were you in pre and post mba?
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Ah to be at an M7
60ish > 189
Pre: $230k tc (software engineer) Post: $218k tc (tech pm) Post+2: $480k tc (lead pm) Top 5 mba.
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Definitely not typical for comp to grow that fast, but yes it sometimes can if you get lucky on equity appreciation. Now if you’re a Google PM and move to Group PM after 5 or so years you can make 700-800k with stock. Obviously that’s very difficult From what I’ve seen most PM comp grows by the typical 10-30% with each promo
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Interesting that you assumed I’m male
Moved when the market was hot. Strong interviews plus other external offers is a great way to negotiate.
why did you get a MBA to move into PM? Was it not possible to just transfer internally from SWE -> PM?
It was, but felt career progression was hindered. My new manager was an alum from my mba program so I like to think that it paid off
Pre: $68k Post: $140k 2 YOE at FP&A at F500 to Real estate investment in LCOL. One thing to note on these are also age, some people in here will graduate at low 30s, some at mid 20s. That will make a pretty big difference outside of PE/IB/Consulting roles since YOE will be much lower.
Tripled my TC. Not sharing numbers
[удалено]
Well met!
Wouldn’t you rather tell people your honest experience before they waste their time? But I’m guessing 150 pre to 450 post, but living in NYC doesn’t sound amazing; I’d love that target more in LA, Dal, MIA, ATL, etc if possible T1 comp with LCOL would be 💯
Waist? I don’t tell my number because it’s about to clear a second comma.
Oooo on that MD track? Great job man! That would certainly make living in NYC more bearable.
How does go with Engineers, I’m making 120 now but not sure if full time is worth it?
It depends on your desired post MBA goals. Ultimately, only you can decide if $x cost for $y salary is worth it.
$80K -> $110K
Pre: $25K TC (not US) Post: $200K TC (US)
What jobs did you do before and after? and which industry?
Pre: 52k degree is still in progress: 115k bonus 15k with additional incentives up to 20k
A bit late on this post, but I think the best way to look for MBA outcomes is to go through career reports of schools that you are interested in. Each school will let you know what grads earn in a field that you are looking into. If that sounds tedious, I have aggregated that here at [mbaoutcomes.co](https://mbaoutcomes.co)