Compensation

Chicago based. Currently make 90k - offered 105k for mid sized consulting firm (consultant level) and 125k for data scientist role at a small company. Thoughts about joining a small company w <50 ppl?

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Speaking from personal experience, working for a small company only makes sense if you are making significantly more than your peers. 35k is a lot of money but what’s the upside? You are unlikely to move up in a 50-person company.

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If you’re on a rocket ship of a startup then you could bank way more with the new company

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Forgot to clarify- the smaller company is actually in industry, not consulting. PWC1 - great point, but I’m wondering if this opportunity can be used to gain data science experience to move to another company later, esp with a higher starting salary compared to my current 90k. I would like to move out of consulting and into data scientist roles in the future, but don’t have the in depth experience yet

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PwC is influenced by benchmarking vs. peers. Why care if you're making more money than others when you're trying to break into a new field? How difficult would it be to get another DS offer in a yr or 2 after accepting the consulting offer? The DS offer affords you the opportunity to increase your salary, work in a desired field, and challenge yourself to perform (lots of responsibility in 50 person firm). If you don't like your growth potential after 2 years, leave.

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Take the money. Use that as spring board for more money in 2-3 years.

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Also, small company could mean bigger risk if it’s basically a services company aka consulting. Smaller firms will live and die by the next deal they can sell. Bigger firms have more of a cushion

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Go with the latter

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Take the offer at the smaller firm because $ difference is significant enough. That said, moving to FANG in a data science role for example from Lighthouse (KPMG) is easier than from a smaller firm. I will get interviewed for most roles I might apply at FANG for data science because people rate the consulting exp and Lighthouse has pedigree.

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Great insight, thanks! What’s the best way to connected with lighthouse? Exp required? Currently focused in analytics (reporting, modeling, integration, governance), but not heavy data science.

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Basically sounds like a start up. Op figure out what round of funding it is and think like a venture capitalist

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