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Assuming that people try to get into consulting early in their careers because of the year on year salary growth (partnership is harder to quantify) compared to industry (CONTINUED)

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Way too many variables on the industry side of things. Some industries pay like crap even at exec levels, others pay big bucks across the board. On top of that, some have really slow promo timelines, others have accelerated timelines. And that's disregarding particular comp structures from one industry firm to the next, personal performance, etc. For an anecdotal example, when my dad retired a while back, he was pushing $200k as a senior director at his large midwest firm. He'd been in the role for ~12 years (and 25+ years in that field at different firms), originally as director then as senior director when they re-orged and expanded his scope, and by that point was making more than most VPs. Above him were the VPs, SVPs and then the C-suite. Realistically speaking, he could have made VP any time in the last 5 years before retirement, but didn't want to deal with that mess when he had one foot out the door for retirement. If he'd taken VP (it was offered to him a few times), he'd probably have topped out around $250k before retirement. SVP was almost definitely not in the cards.

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Too broad to be useful variability can be more than 100%

Has anyone done a discounted cash flow using salary to compare to both industry and across firms?

Maybe the results would be obvious, but I wonder if it would be useful in comparing offers, or if partnership and firm reputation have too much of an impact.

Too hard to quantify too many variables, like industry, firm, individual performance

Agreed, it would have high variance, but with salary data from glass door I assume you could get en expected value.

In my experience industry salaries and promotions are much more accelerated. I'm curious, are you basing this on any specific source?

I think it also depends on the specific industry and how many levels they have. One industry company I worked for had a ton of levels: Analyst, Senior Analyst, Manager, Senior Manager, Associate Director, Director, Senior Director, Managing Director, Executive Director, VP, SVP, MVP, EVP, then C-Suite. Up through Manager was generally a 1-2 year cycle, M-D was generally a 2-3 year cycle, then it slowed down from there. One of my team members went from A-AD in 5 years straight out of school.

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