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An Afr Am man asked why male Caribs and Africans have access to certain types of Afr Am women. The answer is interesting https://www.quora.com/Why-do-Immigrant-Black-men-e-g-Nigerians-seem-to-find-dates-with-higher-class-Black-American-women-than-I-do-a-Black-American-male/answer/Paris-Walker-5?ch=12&share=5a829587&srid=6yai
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I’m not a partner yet, just about to make it. I’m at a top tier strategy house and seeing the disruption from GenAI that we’re doing on ourselves and our clients I think the best place to be is in a business where you own equity. Industry and Consulting will change significantly in the next 3-5 years.
Agreed. Also, partners in this new era aren’t quite the same as those from the old guard. Equity is still offered, but the influence and long-term stability that theoretically stem from it, remain a question mark.
Yes, I do. I like the people and the work, and I get paid very well.
In terms of consulting vs industry, it’s too broad of a question. Kind of like asking would you vacation in Europe or Asia. Life is not black and white, and your journey is yours and yours alone. You pivot as you go through it based on what you need at a time. For me, there was never a need or desire to pivot outside consulting (pivoted plenty of times within it), but it’s not like I specifically made a decision to only do consulting.
My advice is stop pigeonholing yourself into one trajectory and making decisions based on milestones you are yet to reach. Focus on whether you’re enjoying what you do, like the people you work with, and are generally satisfied.
Good point. Thank you
I am out of the race after 25+ years at MBB, so caveat emptor. That being said, I think a consulting partner will remain a worthwhile career but... There will be fewer parnters around, with less leverage, and pay will suffer some deflation (beyond what has already happened). You have to be very honest with yourself about the level of distinctiveness you bring to the table, and decide if you want to pursue the role in these new conditions. On a related note, ON AVERAGE, partners take a paycut leaving for the industry, so if comp is your main criteria, it might still be a game worth playing.
Coach
Yes it is worth it for the private partnerships but only 5-10% of SMs make it so plan accordingly
I’d agree with that 5-10% across all of those firms. It’s a hard jump to get from Senior Manager -> Director/Principal/Associate Partner .. I’d say only 30% or less make it and then from that grade to Partner I’d say about 20-25% make it
Consulting is always stressful, and is very much so at the Partner level.
The trade off, if you choose to make it, is that you earn multiples of your staff comp and can accelerate the buy back of your time. In that sense, and if that is your aim, then any high-income occupation is worth it.
The issue with industry is a matter of numbers. The number/% of high earners in most F500 companies pales in comparison to the number of high earners at the consulting firms. So, probabilities are generally quite higher in consulting.