<p>I know the average salaries of ibankers when they are working for an ibank, however since most of them leave the field after 2-3 years, what is their salary like after they leave. For example, let's say someone worked at a BB ibank for 2-3 yrs as an analyst and then went on to get an MBA at a top15 b-school, what are his prospects after getting the MBA? What is he lkely to make say 5 years after getting that MBA?</p>
<p>Thanks</p>
<p>uh, many will go back to ibanks after getting their mba. im not sure why your thinking they wouldnt.</p>
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I know the average salaries of ibankers when they are working for an ibank, however since most of them leave the field after 2-3 years, what is their salary like after they leave. For example, let's say someone worked at a BB ibank for 2-3 yrs as an analyst and then went on to get an MBA at a top15 b-school, what are his prospects after getting the MBA? What is he lkely to make say 5 years after getting that MBA?
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<p>As far as his prospects after getting his MBA, he obviously will be in prime position to go right back into banking as an associate. In fact, this is a quite common career progression. Most analysts are not good enough to be offered a promotion directly to associate, so if they want to remain in banking, they have to go to B-school. </p>
<p>Obviously plenty of former analysts hate banking and never want to go back, so they will pursue the MBA in order to pursue some other career path, i.e. private equity, hedge funds, management consulting, etc. </p>
<p>As far as the prospects 5 years after getting the MBA, this is extremely difficult to say because, like I said, plenty of them don't even go back to banking so obviously their salary is contingent upon what career they did take. And even of those that did, plenty of them won't be allowed to remain for 5 years. It's an up-or-out system, and plenty of associates don't make it past a few years and hence have to find another job.</p>
<p>Those that make associate levels in IB are ones that usually are in the top bucket of bonuses for 3 years. That means about 20% of the firm as analyst if they stay that long will be offered an associate position. In that case, it almost makes no sense to go back for an MBA if you want to stick to IB. I know 2006 was a good year and top firms paid 80k for first year analyst (top bucket) with a 55k salary and a 12k signing bonus.</p>
<p>Answering his question directly,</p>
<p>the presumption was that the banker would stay in the industry - for an additional five years after the MBA.</p>
<p>Associate - Senior Associate - and then VP or Senior VP.</p>
<p>VP average salaries come out at 500,000, senior VPs, I'd guess at 750k. It varies on performance - especially as you move in the hierarchy. If you're staying in it for the money - you should honestly just look at if you can handle being under a hedge fund.</p>