Related Posts
More Posts
Are there any restaurant/hotel people here?
Chief
Conversation Starter
Anyone in dental sales?
Hey there!
I am a Masters Student majoring in Machine Learning. I am in my first semester and I am kind leaning to explore Data Science as well. Could any Professional Data Scientists help me out on getting started? What skills do I focus on? What kind of projects should I have on my portfolio?
I have tried looking this info out in the internet but its all overwhelming. Hoping to get some honest guidance here!
Additional Posts in M&A - Mergers and Acquisitions Professionals
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
I’d say late SC / early manager. If you’re too early in the SC, you won’t exit at the level you’d be able to by staying another 1-2 years.
I left M&A right before I got my promotion to manager (at least, I think I was going to get promoted, left the month reviews were due). Exited to industry at the senior manager level with total comp targeted for $175K in Chicago. That was a jump from about $130K at SC. Would have expected to be in the $150-$160K range as a manager. I don’t think the numbers I got are out of the ordinary for this kind of exit.
Quite possible if you stay a couple years into manager level that you get an exit to Director level, but it’s not 100% guaranteed. Even then, the increase in comp may not be at the same ratio as you would get with a slightly earlier exit. Particularly because I think I’ll get to director in the next 2-3 years, which erases the benefit of waiting.
Sure, M1–feel free!
Nice! Thanks for the perspective! The late SC / early manager is what a few of my friends said, as well.
Are you happy with the industry role? Downsides?
I am happy in industry! For me personally, it was all about balance. I was done with the travel and ready to branch out. Personally, I like having more ownership and a stake in what actually happens with my product, rather than just advising or delivering recommendations while still being a third party. Obviously this depends on the job and the company, but I also typically work 40-45 hrs and never really on weekends. I’m still learning a ton and it’s really not slow.
Downsides...for me, not much personally, but I recognize that will change for each person. I get paid more to work less and have more ownership. I thought when I left consulting I would find a less political/less hierarchical environment, but I was very wrong about that part. It’s a different sort of politics than in consulting but it’s very much still there. So that’s the one thing that comes to mind. The other is that raises are significantly less in industry on average than what I experienced in consulting, but my bonus is significantly higher, so still positive and my comp is much higher overall. The last thing I’d say is that there’s a less clear path forward. Consulting promotions are pretty straight forward. You don’t always get it when you want, but the path is pretty clear. Industry, less so. At least where I am.
I value the balance component a lot as well (newly married, so it’s important). I appreciate the info!! Interesting on the downside of political stuff - guess to some degree, it’s all the same, just different flavors lol