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Also, generally, better the pay, higher the hours, i guess
Can someone please expand on this? What exactly will this job entail? What would my average day look like and what about growth aspects?
Thank you!!
And PE can be really boring. Imagine a deal where everything you do is like a DD (albeit on the financial side).
What jobs are being talked about here? Consulting?
How about moving to marketing/ banking/ product development roles.
PE on the other hand is the highest paying, you need some big-picture thinking (which if you are the MBA type you will have), critical analysis (which a good law school would have taught you), and some data/quant project skills (which a top MBA would have taught you). But of course, Indian offices of top global PE firms take people from IIM-ABC mostly (sometimes for HK/Singapore). If you want to get on a career track gig at GA/KKR/Blackstone/Carlyle in London/NY, a top global MBA like HBS/GSB/Wharton/Booth etc will be needed. If you can make it to one of them, go ahead.
Like, you won't make as much as money you made in a T1 law firm. (there are a few exceptions)
If you are leaving firm for an MBA because of work pressure, trust me you will regret it badly. If you have to work 12 hours a day in your firm job. You will have to work 15 hours a day in your Post-MBA job.
Again, since you are a 4PQE, if you stay for an another 4 more years, your work pressure will reduce substantially and you can even leave the office early some days - you will have to work for a decade till you reach that position in your post - MBA job.
If you are stressed out at a firm - move in-house (again, depends on the team) or I guess you can still attempt PCSJ.
(i) Roles in marketing or product management are other post-MBA top picks (assuming you have an interest + are able to gain relevant experience during MBA through internships and projects).
(ii) Apart from MBA, consider experimenting with in-house work. Growth stage companies in new age sectors are exciting for lawyers as they operate in regulatory grey areas. They are also willing to pay tier-1 firm level (or more) salaries to the right talent, and have proactive involvement of legal teams in day-to-day operations. Write compelling cold emails to the founders/ legal heads, and chances of getting a response are higher than (iii) below.
(iii) Going in-house with companies in traditional markets (such as real estate, banking, heavy industries) is another option, but the pay will be lesser compared to (ii), and the work is likely to be laidback.
(iv) Pursuing a career in policy. If you work in regulatory/ litigation practice then can move in-house in policy teams (especially with companies in (ii)), or work with think tanks.
If you are looking at MBA only as a move away from law, i'd suggest you think through the long-term goal before diving into the degree. Be very sure of what you want out of the MBA so that you opt for the right electives, clubs, internships, exchange, and alumni networks. Going blind into the course will disable you from getting most out of it, and will pretty much leave you exactly where you started (except with a piece of paper as a degree).
Considering I have experience of working at a law firm for almost 2 years now and I cannot do law firms anymore. Is life any different after an MBA?
Any more suggestions would be extremely helpful!
I took up SAMCo after college because it was the highest paying thing available to me. I promise, i won't make the same mistake. i have suffered enough.
I'm actually planning on giving my GMAT in a week. I have 4 years of EXP by the time I apply.
Pros - they wont call you to do the paper work anymore.
Cons - If you join consulting (Bain, McKinsey, Boston) after an MBA - then you never should have never left a tier one law firm job to begin with.