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Anybody who joined in @CGI in june got hike?
Additional Posts in Consulting Exit Opportunities
I have a fair amount of retail experience and have created a bowl to help fellow consultants who are interviewing in retail and CPG. My experience is across a wide range of topics (primarily non technical) and would love to help folks get their dream job. Would be awesome if others can join and contribute their knowledge.
https://joinfishbowl.com/bowl_pyw52xwun1
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That’s pretty solid experience, SA1.
With your current experience and mbb background, I would def aim for director. “Manager” in industry is not the same as at FAANG. I would not take a manager role if that’s all I can land, rather choosing to build more time and experience.
Speaking only for payers, role and comp are both going to be dependent on a few things (knowing that industry comp is going to be lower vs. MBB/FAANG comp., except at very senior levels):
(1) Where the company is in its journey - Optum (ahead of curve) vs. Anthem (transforming)
(2) Size, financial wherewithal, visibility for role - big 5 vs. Blues
(3) Function, need, urgency
(4) Who your hiring manager is
With regard to the last point, know that industry traditionalists will not understand the multiplier value of consulting in terms of YOE. I would try to find an ex-MBB “sponsor” at VP or higher levels for counsel as well as to help shepherd you through the process. Either way you will need to go the extra mile on targeting and positioning your experience.
Btw I would also look at PE operations and startups (ton of VC money in the space currently).
Need more context. Yoe, type of role, types of prospective employers etc. In general, providers are def lower paying than payers. And depends on regional vs. national etc.
If you want to get paid decently you’d need to work for a big FP like Cigna/Cvs/United.
Ok gotya. Optum is a bit of an outlier I think. Way ahead of the pack. The blues pay based on need. Depends on yoe, type of work etc.
Curious - so are you with Optum now or...?
A1, was told a Director at CVS/Aetna is capped at 160k base.
Not bad per se. SA1 - you have to elaborate on the context a little more if you want this to be meaningful. Yoe, type of role (functional area), type of employer etc.
SC1 and others who can weigh in, I‘ve been at MBB for ~2 years with payor focus for most of that time. But prior to consulting and MBA, ~5 years in healthcare policy. So safely 7 years of content-specific experience (i.e., not just general consulting/management toolkit).
I’m looking at mainly payors and PBMs. Functionally, both strategy and core ops.
Based on the background of hiring managers, I don’t think I’m mis-leveled at manager to director roles, but maybe I’m wrong here and should be pushing for more senior roles—wdyt? Assuming I’m looking at appropriate levels, I’m wondering if MBB overpays and/or payor industry underpays.
Help me levelset expectations here, 🐠🐠🐠! TIA!