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Yes, I took a cash compensation pay cut. But over the next three years, will sweat equity to 1/5 owner of my new company. I am the President of the private startup. Automotive niche manufacturing. AMA.
Where did you find that opportunity, was it through a friend or a corporate reach out? How much revenue is the business generating a year? Growth percentage?
Left at M1 (post mba) for a Director level role in a F500 Corp strat team
I went from $330k to $290k TC but was able to keep my same base salary so I was fine with it
Pretty much everyone I know that’s exited to Corp Strat in the past 2 years had to take a pay cut
A1 - depends entirely on the hiring company. Exiting to director as an EM is typical. There’s a bit more title inflation with start ups
OP - I was completely burnt out and felt like I wasn’t learning as much anymore. I definitely hit a wall of diminishing returns with each extra case rep. I also knew that the longer I stayed the harder it is to exit so I was in one of the sweet spots for exits. My monthly cash flow was unchanged given the same base so it didn’t feel like a drastic change. I have zero regret leaving. I feel like I am learning again and I know that I can always go back to consulting if I really wanted to. I think I actually have a better shot at making partner now because I’ve got actual operator experience and a bit more credibility by being in industry
I doubled my comp.
What industry pays $600k?
I got a raise and equity but it was 2021
SM to financial services
Comp went up 40-50% vs. McK ASC role
McKinsey associates make $300K+?