What would you choose?
1. EM at McKinsey. Approximately 200k USD/year. Potential to make Partner in 4–5 years, earning around 600k USD/year from that point onward. Total earnings over 4 years: USD 800k–USD 1.25M. After that, compensation increases significantly (assuming I make Partner, which is difficult). Terrible lifestyle: around 70 hours/week on average, with constant travel.
2. Partner at a boutique consulting firm. 220k USD/year. After 4 years, I receive an additional, one-off, 700k+ USD bonus, depending on the company’s performance (it would be difficult, though not impossible, for it to be lower). Requires a USD 80k investment to buy the partnership stake. Total earnings over 4 years: ~USD 1.5M. No significant growth prospects after that. Comfortable lifestyle: remote work, around 50 hours/week.
What would you choose?
Ps: I’m not from the US, that’s why salaries are a bit lower than the US equivalent