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Bowl Leader
Looking for a job in PMO role please help
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When work from office is going to resume???
Some more jobs where I can refer
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Dang. URI just beat Okla. 😭😭
Anyone take SHRM? How many hours did you study?
Layoffs at Walmart corporate 😬😬
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Lol no.
1) no one measures your ability to add value to their company by if your previous employer was ranked above them in "best places to work". You did not directly contribute to their ranking on some random magazine or list, rather you were just a participant.
2) yes while consulting fast tracks your skills, time is not apples to apples when moving to industry. no one will be filling a role that truly requires 10yoe with someone who has only 5.
3) 5yoe is normally a manager in industry. Perhaps there are some Senior manager or MAYBE associate director roles you could touch, but definitely not a role that requires 10YoE.
Apologies if I sound rude, while I certainly believe that consulting and consultants are real sharp and intelligent people, don't underestimate the talent in industry firms. Plenty of my peers who never worked in consulting would have excelled at MBB
Yea i couldn’t have said it better
Why is the “best places to work” the barometer here? Pretty sure all the big 4 are on that list and there are plenty of average people like myself that have managed to stick around
I don’t work in recruiting but, as a fairly senior person in consulting who has also worked in industry at the VP level, I can assure you that precisely nobody consults “best places to work” surveys when leveling and hiring decisions are being made. Please don’t ever bring that up to a recruiter or hiring manager - you will get yourself laughed out of the room and possibly seriously harm your candidacy.
Your best bet honestly is going to be to look at the job req and do a honest mesh against your own skills. And understand that some firms are pretty intransigent and literal about the “years of experience” stuff. Those types of firms are not impressed by high-powered young consultants.
OP just like with anything in consulting, it depends.
I’ve exited before to a higher level role (I was one promotion in at a different firm post undergrad) at 3 YoE while being recruited for 6-8 YoE roles. My first exit was as an associate director at a F500.
I was able to exit so well due to industry focus, I had built in 3 years a solid set of skills people in industry typically wouldn’t reach in less than 5-7 years.
Post MBA I’m running into a different issue, I’m currently a manager (we call them SVPs) and have been priced out the market. While Director roles are usually at 200-300K, I’m already at the high end of that range, making the financial case for change nil.
Here’s a quick map of what I’ve seen in terms of exits to industry, keep in mind the higher level you go, the higher the variability in exits you’ll see. The list below is obviously industry and geo dependent.
* 1-3 yrs post undergrad: Analyst (consulting) -> analyst / Sr. Analyst / manager (industry)
* 3-5 yrs post undergrad: consultant / sr consultant (consulting) -> Sr. manager / Associate Director (industry)
* 1-4 yrs post MBA: consultant / sr consultant / manager (consulting) -> Sr. manager / Associate Director / Director (industry)
* 4-7 yrs post MBA: Sr. manager / director / principal (consulting) -> Sr. Director, Junior VP, VP (industry)
* 8+ yrs post MBA: MD / Partner / Sr. partner (consulting) -> VP, SVP, very few cases C suite (industry)
This is the recruitment equivalent of “if you have to ask what the price is, you can’t afford it”.
I have never seen an industry director with 5 YOE, not even some ex-MBB whizzzkid.
DM me Director 1, you’ll get your proof
Absolutely not. Only partners and maybe a SM with a very strong network/industry expertise are considered for those.
Manager level (and sometimes below) get you director exits. As a new MBA hire all the recruiter calls I got were for director level roles.
7 yoe here.
Rising Star
Speaking just for my industry firm (F500 in the healthcare space, I won't specify which one), we don't apply any multipliers for consulting experience, whether it's MBB, B4, or some T0 firm. I am at the director level here and was on the bubble for being hired as a senior manager or director equivalent with 13 years of relevant experience at the time and had to make the case for director equivalent at the time of hiring.
With 5 YOE, here you'd be looking at roles that ask for 5-6 YOE, and *might* be able to make a case for a role that asks for 7 YOE, but that would be your top end. In that case, you'd be in the band for our manager level positions. Our bands here for the equivalent roles are approximately 5-8 YOE for M, 9-13 YOE for SM, 14-20 YOE for D, and generally 18+ for VP on up.
Other industry firms have their own standards and career frameworks, this only applies to mine.
So your question is whether all the lies that your fed and believed when you took the role are correct?
Rising Star
Short answer.. no way.