Hello all,
im currently a 2nd year entry level at MBB in a developing country. My net is ~$25K.
i love the MBB i work for; however with that salary feel like the value proposition is not worth it.
im up for promotion in a year but even then ill be making ~50K. Additionally i get a signing bonus that if i leave within a year i pay back + taxes. if i go the MBA sponsorship route ill be in debit- they do sponsor you but my salary and savings isnt enough to live in US/Europe for 1 or 2 years; furthermore, i dont want to do an MBA only to come back at -$50K.
i did try the internal transfer route but its not working due to many reasons
im approaching 30, and yes thats young however i feel like i need to be optimizing for money and wealth building.
i did apply alot to industry however the current landscape isnt helping.
i got an offer from kearney that is ~$100K at one if their GCC offices. That is 4x my salary and tbh an great salary.
im unsure if i should take it or not; i will try to leverage it for an internal transfer but chances are slim.
the pros: its a country i want to be in+ more independence which i want + very good money that i can use to save, invest, enjoy and potentially retire early
cons: lower brand name this affecting longer exit ops + rebuilding connections and my brand.
on the cons, i feel that given i already did 2 years at Mck i already have the brand name so potentially the exit ops hit isnt so severe?
other consideration is when applying to industry i realized how heavy competition is and we have an internal job board which i felt was a huge plus
what do you guys think is the correct move?
The issue is even after a few years and all the way to associate +2 years i will be making <$50K given geography. Unfortunately the idea that mbb gets better as you progress isnt true when across geographies.
I wouldnt want to stay post EM. In your opinion is the exit ops difference significant?