BCG Fish. What is the main difference between coming in as a Project Lead and a Principal?

like
Posting as :
works at
You are currently posting as works at

Comp: P1 pays 25-35% more. Expectations are commensurately higher. Examples:

Staffing: PL typically running 1 case or part of a big case with 2-3 A/Cs and either P3/P4 or executing partner (XO) oversight. P running bigger case with 6-8 PL/A/Cs under and may have more limited XO support or running 2 cases +2-3 each, likely only 1 with a PL.

Platform and constellation: PLs should be developing a plank or 2 (eg recurring clients) and 1-2 partner groups that can keep them busy. P1/P2 should have the makings of a full platform (industry, function, client), a team that will always staff him/her first, and broader support from swath of practice area who would look to him/her if their #1 is slammed.

Sales: Neither has commercial targets, but Pa should be a key purchase driver for their main client (“We can wait 2 weeks to make sure we get Amy”)

Internal: Ps are more or less required to tone heavily involved in training, interviewing, or career development committee in addition to leading practice area topics. PLs get involved in much of that, but not as heavily.

Coming in as a lateral Principal is quite tough unless you have a clear area of expertise that is commercially in demand or existing sales relationships. PL still tough but much more forgiving for laterals.

Thanks everyone. I'll go for the PL level.

Related Posts

like

FTM here still out in maternity leave and curious how women have children close in age. Has anyone been on maternity leave with little time between? What did that do to you career wise? How did you navigate?

like

Hello everyone! I am currently interviewing for a project coordinator position and I need a few references. Is there anyone in this group that would like to be a character reference?

like

I’m having the worst time sticking with a project. I get 1/4 of the way in and then bail for something shinier. How do I get more disciplined?

like

I am a fp&a manager at Dufry Group making 120k P.a. is it good enough for this position? Or should I look for better opportunities?

like

I am a PIO at a state agency and I’ve been thinking about applying to the FEMA reservist. Does anyone have experience with doing this while also being employed for a state agency? Is that a normal route to take or is there another way to gain more experience with disaster/crisis communications?

Any insight appreciated!

like

Hi everyone!
I’m looking for a role in Media Planning, preferably WFH but also open to moving for the right opportunity!! I have degrees in psychology and sociology, and experience working in marketing and project mgmt.
Have spent the last few years working in insurance and not enjoying it, so hoping to pivot into a job that utilizes my skills and experience.
If you know your company is hiring, I’d appreciate the chance to have a chat and learn more about the company and your experience there!

like

How hard is it to get into product management and/or project management at a bank? (A bit about my background: I work in public accounting and work with banking clients.)

like

What’re the exit options available to someone working in USI S&O team?
I’m looking to move out of consulting.

like

Has anyone made the switch from tax to private client and if so what has your experience been?

like

Is a JD a good move? I am currently a claims analyst for a top brokerage firm in NY. However I also want to attend law school as I think it will grow my career. Is this the right move? I plan to go into labor law (I.e. littler and Jackson Lewis) or an attorney for an insurance firm as a backup plan.

Have my CPA but thinking about becoming a certified financial planner after leaving public accounting. How difficult and time consuming is the exam compared to the CPA? Is it worth it?

like

Would you quit MBB for FAANG PM? In North America.

like

Client unsure about a pretty awesome execution, instead of saying we’ll work on it, account person blurts out to kill the idea and instead we’ll come up with a new one. WHAT IN THE ACTUAL FUCK?!

likefunny

Hey mates, I have an overall experience of 14 years with 6lakh CTC. Started my career in BPO though I am from computer science background and then proved myself for the IT movement within the same company before 8 years (6 years in BPO and 8 years in IT). Nothing is changed financially but in a better role. Have got certified in GCP. I stayed here for too long because I was looking for an onshore opportunity but now luck is not favouring me in H1B lottery. Looking for your valuable suggestions!

I just sent in my application to my state to begin the CPA exam. From what I hear, I have to wait to hear back from the NASBA and then receive my NTS. About how long does this process take? Should I go ahead and start studying or would that not be worth my time yet?

like

Anybody familiar with the ATP certification program?

I was promoted to CFO a few months ago but I’m starting to doubt whether I was the right choice for the position. I knew there might be a rough adjustment period but I still feel myself crumbling under the stress of all the new responsibilities.

like

As a junior associate, how do you find the healthy balance to take initiative in matters as opposed to wasting billable time on something the client won’t pay for or the partner might not actually want?

like

I remember when I first started working on my thesis project. My adviser asked me to get some funding for it, but he didn't give me any advice about how to do that. He just told me that if I wanted money for my project, I'd have to go through some kind of committee process and submit an application for funding from them. Sure enough, after weeks of writing applications and waiting around for responses from the committee members (who were always too busy), I eventually got approved for funding!

like

More Posts

Made some meatballs. Turned out fantastic!

Post Photo
like

What will be a good bonus that we can expect for SSS with good util and top right scatter plot?

like

Hi fishes ,
Can you please guide me how much we can expect for 5 YOE as SAP PP/QM Consultant in current market situation.
Advance thanks

like

Did anyone who made the jump from consulting to PE also consider an exit to tech? Saw other Fishbowl consultants boasting their comp after making the switch to tech (300-500k) and wanted to hear some honest perspectives on pe vs tech

like

Serving notice period. I have total 5 years 6 months of experience in NBFC company. Currently looking for a Business Analyst job in Mumbai. Besides, I have hands on experience on salesforce CRM. Please let me know is there any opportunities is available

like

I got opportunity with Airtel Digital as Technical Program Manager for Digital Transformation IOT department but getting mixed reviews about work culture and WLB.. Can anyone advice here if i should take it up.. Current skillset Scrummaster YOE 6 Airtel Airtel Payments Bank Airtel africa

Any openings for Java developer in Deloitte Pune?
I am an immediate joiner

like

Anyone got piped in Amazon.

How much severance money on get in case of pip?

L4 , tech role

like

Just moved into my own apartment and I'm thinking about getting a dog for companionship and protection. I'm a 25F and my apartment allows dogs under 30 pounds, any suggestions a good breed for my situation?

like

Anyone wanna take me or make a reservation to soho house??😫

like

We fought a whole war over if places could do this and the racists lost then too

Post Photo
likefunny

Any thoughts/insights on the KPMG investment banking practice?

like

Anyone use Choice to buy crypto in their Roth IRA? How has your experience been with the platform?

like

What is the ideal turn around time to hire for Tech FTE roles e.g DevOps Engineer, Solution Architect, Technical Delivery Manager…

like

Good chinos + polo (colour combinations) for office?

like

Guys I have a offer for Penetration Testing Engineer L4 position, London location what should be the salary ?

Years of experience- 2 years

Is Stanzaliving in Pune is good for accommodation purpose.

like

Cocreation is something I as a customer like very much. Especially when you can give input, discuss and it gets implemented or taken into account. I was wondering: how do you create a Cocreation community that gathers regularly? Do you have multiple groups? How do you manage them al if you’re a small company?

If you negotiate your offer how long should it take before you hear back?

like

NEED a good salon in downtown nyc.

I have super thick Sicilian hair and need it cut, layered, etc. I will pay anything for a good and reliable stylist.

Eventually I want to get it balayaged again - I’m blonde if that’s important.

Thank you in advance!! Please post avg cost if you can. 💕

like

Additional Posts in Consulting

I know this is the consulting bowl, but wanted to reach enough people. Anyone have a connection at Cloudflare? I found a position I am interested in and would love to be referred

like

has anyone participated in the MLT program? looking into it and would like to learn about the overall experience!

like

I want to get my newborn daughter a unique gift that will get better with time. I’ve heard of people getting good bottles of wine/whiskey sand giving it to them on their 21st but we’re not big drinkers. Any ideas?

like

My firm has a mentor scheme whereby you meet monthly with a senior person at the firm to speak informally about work, career, etc. How to make the most out of it?

like

FB needs a poll option...that is all

like

Just had the craziest experience avoiding a bully attempt. I think I barely made it out alive (knock on wood)! Still in shock that this kind of stuff actually happens... #chooseyournetworkwisely

like

Need some recommendations for an office chair for around $300.

like

Why is engagement anniversary a thing, we are already married dammit

like

Those who have undergone layoffs... Our fallen sisters and brothers... What are the plans now? Would be especially interested in hearing from those not planning to go to another consulting firm.

like

So which one of our companies really created Fishbowl and will use it to ruin us one day?

like

Anyone ever meet up in real life from fishbowl... And find out y'all can't stand each other in real life?

Since when do Sheraton’s give lounge access only to platinum members?

like

Any female 🐠 in San Francisco looking to grab a drink?

likefunny

Chicago people- do you have your own private driver for your airport trips or do you just uber?

like

When leaving KPMG for another company, what are the payouts, if any? (Unused vacation days, etc) And is a 401k rollover required, or can you stay with Merrill Lynch?

like

Book recommendations on genetics and bio hacking?

like

I've been in the world of consulting for several years; amazed at how much more analysts and others feel the need to be constantly utilized. Seeing posts about how holidays impact the metric (cont'd)

like

Hi
Is there anyone here looking to hire a Strategy consultant? I've got previous experience across public and private sector and I'm now looking for a new challenge with one of the top consulting firms in the UK.
Any help would be much appreciated.

like

I had 200% utilization for the two weeks for the month. Will hat get flagged for something? Honestly worked all those hours and am burnt out too..

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal