I’m looking for advice on the best paths for new graduates or those making a career transition. I’m currently a student at a semi-target school (like Drexel) and have completed the following co-ops/internships:
- Corporate Banking (Wells Fargo, Jefferies)
- Tech Consulting (Big Four)
- Audit (Big Four)
- Software Engineer (Fortune 500) [I didn’t enjoy the SWE role and wanted to pursue consulting/finance opportunities instead]
I’ve noticed that salaries for product/program manager or corporate development roles start around $120K-$150K for new grads, which offers a significantly better work-life balance and overall compensation compared to corporate banking. Additionally, salaries for management positions can rise to $200K+.
I’m currently leaning towards the tech side of things. Every manager I’ve worked with has mentioned that they would pursue a tech role if they had the technical skills. I don’t see myself going into investment banking, and while private equity and private credit are appealing, I’m not interested in the prerequisites typically required for IB. If I were to stay in banking, I’d likely return to my last internship role.
I’m also considering recruiting for McKinsey or Bain, but I may focus on moving towards a director/manager position at a tech company.
I’d appreciate any insights you could share! Thanks in advance!
One response
It sounds like you have a solid background and a clear set of interests, which is great! Given your experience in both finance and tech consulting, you actually have a versatile skill set that can be leveraged in multiple roles.
If you’re leaning towards a tech-related position, I’d recommend pursuing roles in product management or program management. These positions typically offer a good balance of work-life balance, career growth, and competitive compensation, especially in tech companies. With your background in software engineering and tech consulting, you’ll likely find yourself well-prepared for these roles.
Also, consider expanding your network in the tech space by reaching out to alumni or professionals who’ve made similar transitions. Informational interviews can provide great insights and potentially open doors for opportunities.
As for consulting firms like McKinsey or Bain, they do have strong exit opportunities into tech, especially if you’re aiming for a manager or director role. They also value diverse backgrounds, and your finance experience could be a differentiator.
If you’re interested in corporate development or product management within a tech company, be sure to highlight your analytical skills and ability to work cross-functionally, as these are key in those roles.
In terms of compensation, you’re on the right track—starting salaries in tech can often be higher, but don’t forget to also consider the company culture and career growth potential when making your decision.
Ultimately, weigh your interests carefully. If you see a more fulfilling and potentially lucrative path in tech, it may be worth pivoting rather than sticking with a finance role that doesn’t excite you. Good luck with your recruiting!