Posted by: Riten March 24, 2011
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If I were a fresh 22 year old graduate with Finance degree, I would seriously consider the following:
1. Seek work in the field of finance with firm intention of joining a reputable MBA program 2 years later.
2. Join a reputable grad school in MS or PhD program in Finance or Economics.
I would certainly not waste my time with Indian consultancies.
Here's why:
As a newbie BA or QA contractor, that too from Indian consultancy, you will probably make around $40K per year. You will also probably have limited career advancing prospects in that situation.
However, if you graduate from a Top 10 MBA program, you will immediately start out with six figure salary. Furthermore, your career prospects will be in totally different stratosphere - I am talking about someday becoming a multi-millionaire industry captain. I know that is quite a leap, but you will have that option to consider and shoot for; something that would not be even available to you as a BA from an Indian contractor. I am not saying BA contractor is a dead end job. It does not have to be. But why go that roundabout road when you have the option of choosing more direct and focused path.
Similarly, with Phd, you have the option to be in the academic circle or in the industry; both will pay you handsomely and the career satisfaction to boot.
So, take a deep breath, sit back, relax, and THINK ! We are the product of the choices we make.
1. Seek work in the field of finance with firm intention of joining a reputable MBA program 2 years later.
2. Join a reputable grad school in MS or PhD program in Finance or Economics.
I would certainly not waste my time with Indian consultancies.
Here's why:
As a newbie BA or QA contractor, that too from Indian consultancy, you will probably make around $40K per year. You will also probably have limited career advancing prospects in that situation.
However, if you graduate from a Top 10 MBA program, you will immediately start out with six figure salary. Furthermore, your career prospects will be in totally different stratosphere - I am talking about someday becoming a multi-millionaire industry captain. I know that is quite a leap, but you will have that option to consider and shoot for; something that would not be even available to you as a BA from an Indian contractor. I am not saying BA contractor is a dead end job. It does not have to be. But why go that roundabout road when you have the option of choosing more direct and focused path.
Similarly, with Phd, you have the option to be in the academic circle or in the industry; both will pay you handsomely and the career satisfaction to boot.
So, take a deep breath, sit back, relax, and THINK ! We are the product of the choices we make.