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Started at a decent size retail company now I’m at a F15 in a completely different industry. I think skills matter more than industry unless you want to be in a highly regulated one eventually.
Rising Star
Agree that highly regulated industries (heathcare, pharma, cannabis, insurance, fintech, banking, cannabis, certain mfrs) will prefer folks with industry experience first.
To a degree, yes. If you are/are not in a regulated space (ie pharma/med device), at a SaaS company vs a company that makes physical things with global supply chains, etc.,you may be less attractive than a candidate in that industry or at a company more like the one you are trying to move to. You won't be a "I can hit the ground running" candidate and that may be an issue. If you otherwise look on paper, I'd interview you. My GC wouldn't.
I'd say less of an issue if you are doing something that doesn't touch the business as directly, such as employment.
Rising Star
Agree.
It's certainly not determinative, but it does have a mild to moderate effect, just based on pigeonholing, path dependence, whatever you want to call it. It's just like how all the people with technical degrees got encouraged to go into IP litigation, etc. in law school.
Following Bc also interested- thanks for asking this
Depends on your skills. I started in financial services and am now in industrial manufacturing. My financial background helped because no one really likes doing that stuff and it was an easy offload for my GC, which allowed me to build trust and develop other skills.
I would agree with other responses that in highly regulated industries, we value industry experience most. I'm in a highly regulated and relatively new industry (online notarization and e-signatures) and it seems as if there are hundreds of people with skills but barely anyone with relevant industry experience.
But my industry is likely atypical
In my experience if you have good connections then no. I went from one highly regulated industry to another highly regulated and unrelated industry thanks to an employee referral. Now I’m off to yet another industry completely (not regulated).