Anyone else consistently turn down jobs that pay more because you don't want to see your salary plateau in industry and you feel that making SM/MD/Partner would be more lucrative than going to F500?

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I'm focused on fin services and honestly we don't get paid more than industry... maybe at the Principal level but even back office MDs make more than our MDs

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Lol

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Idk executive roles in industry are often 300k plus lots of benefits/continuity. I think I'd take that over the potentially higher partner salary

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PWC1, I used to think the exact same way, until I worked on a project for a well known company and they were so nonchalant about laying off VPs and SVPs that year. My main concern is that at least in consulting, if you can remain billable and also bring in some additional work, you're a profit center for the firm, rather than a cost center.
Moving over to a VP role (unless it's sales), seems riskier to me. If you're not necessarily responsible for PNL, doesn't that increase your exposure to market changes when the company isn't doing well? Also, at least in consulting, I mainly have to be responsible for my own development and performance, rather than an entire division that may or may not perform. The caliber of people in consulting is higher and tend to perform more often than not

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And you feel that leaving consulting would expose you to more risk? At least in consulting if you're a top performer, work on proposals, land clients, etc you'll always have a career and everything seems much more fair and less political than F500 companies

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DD totally agreed. On my last gig the out buyer was just nonchalantly fired half way through. Literally said hi to him Thursday then I came back Monday and his office was empty. I guess at that point it would be finding the right company worth the right culture

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D2 - 3 levels of MDs. Highest level gross is 650

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Bringing in clients is guaranteed 🤔? Plenty of partners get pushed out as well. The reality is, any high job is high risk and high pressure.

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Yes

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@D1 - don't know where you get the $600k number... new Principals' draw is $400k. Within 5 years, $1M...

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I still think a Partner at D would have more job security than a SVP at a Fortune 500

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Haha. I don't.

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D1, sure a back office MD in NYC would be pulling in 500k, but again, however I question the longevity of that role. Sure if you make the jump, in the short term your income greatly increases, however how long can you count on that role surviving?

OP, back office MDs might pull a lot more than that whereas 600-700 is the cap for the most tenured MDs at D. And what makes you think the Consulting MD job is a secure one? You have targets like everyone else.

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