3-4 yrs of post MBA MBB experience, elite MBA and ~5.5 yrs of pre-MBA work experience Base: $165k Bonus: 15% Equity: $100k over 4 years Sign on: $18k Thoughts on the quality of this offer? Your help is appreciated!!
yeah isn’t L5 a post-MBA role?
L4 is the usual post-MBA barring a lot of relevant experience
Lowest I have seen
If you’re leaving Bain as a Manager or Principal, why in God’s name would you accept this offer? Seems 70-100k per year less than what could be on the table for an L5 role (though the numbers I’ve seen have been strategy not PMM)
More like a senior consultant (CTL). Does that change your perspective?
Much closer to 3 years in Bain
what product?
Very curious to know the current TC at MBB. Thought they paid a lot more than ~210
At OPs tenure they can be north of 300k Straight from UG: Would take 4 years to enter that level Out of B-school: 2 years
Lowball
I think the offer is fine as your first job in tech. Most MBBs build no real skills that are useful in tech. FB will be a learning experience and then you can move elsewhere.
Also for people talking about MBB comp, don’t forget the hours. People on blind complain about FB work life balance. MBB is an entirely different world regarding wlb.
^I do not disagree with this at all. If work life balance is important to you given your current life circumstances, MBB can be a bit much. That being said, I would advise OP not to short change the fact that he has a more lucrative BATNA and FB doesn’t know what his life priorities are.
As a general rule, the standards to get into McKinsey post Mba are pretty low. FB is much harder to land and is a better brand. Most MBB eliteness comes from people who land it right out of undergrad and then leave in a year or two for selective opportunities. Those selective opportunities are closed off for the post Mba folks, the career plan is usually career consultant (terrible) or take huge paycut to join a stodgy and old industry. FB is a terrific opportunity here.
You should counter with $200 base and 20 percent bonus and $400k equity. Trust me that you can get this in the Bay Area if you are patient. Also be conscious that outside of fb very few companies have pmm thing. So be conscious of what are you getting into.
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Really bad offer for your profile