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I retired to industry, at a bank, at the end of 2021 and I do not regret it. I have gotten 2 mid-year market raises, base increased over 12% already and am expecting another mid year market adjustment. My sign on was more $$ than all bonuses I made at KPMG in 3.5 years combined. I have a $15k retention contract (August payout) and will probably get another huge bonus at the end of the year. I have the manager title with no one reporting to me, as I manage myself. Dealing with internal folks is harder, and I do miss my external audit “beat stick,” but otherwise this decision has been incredible. I love my industry job, and have rarely worked more than 30-35 hours in a week. One week a did work 70 hours but I fucked something up so that was 10000% my own damn fault. Every time a consulting firm messages me on LinkedIn to try to poach me, Taylor Swift’s, “We are never ever ever averting back together” runs through my head.
I kid you not, I got my work finished one quarter almost a month early. My reward for finishing my work was not more work. I refinished a desk, cleaned my house, and worked maybe 15 hours that entire month. Life is good on the industry IT Audit side~
One million percent agree with you. IT audit in industry is a dream job it’s so chill
Pro: Good WLB, benefits and starting salary
Con: no bonus, growth is slow and it’s very repetitive after a while..
I meant lesser than B4 Bonus. Last 2 years were exception as Banks were doing really well, but typically Bank bonuses are less than B4 SM+ Bonus.
Similar situation, left to a bank for 45k more (ignore my title on here since hasn't updated). It's significantly slower and My WLB is through the roof. people are slow/complain etc. But that's everywhere. Best decision I ever made. A con would be raises since they are small but usually bonuses are huge.
Pros: Good WLB, increase in pay up front, better benefits, more corporate pride since you’re not bouncing around from client to client, you’ll become an expert in one area
Cons: Less structured raises and promotions, work is taken more seriously when you’re internal, less flexibility, possibly fewer mentoring opportunities, could get boring, fewer learning opportunities
I find in consulting it’s our job just to come in and do the work well enough, quickly, and in budget before rolling off. Internal folks have to both do the work well, stick around to see the results through, and deal with QA reviews.
Also you can always come back to consulting. Protiviti is always hiring directors with years of experience in industry. Spend time in industry and then come back to consulting if you start to feel bored with the work down the line. Careers don’t only move in one direction.
I think you know the pro already is wlb - that's the main driver for it. If you actually want some semblance of a life, then yeah industry is the right fit. But it is pretty slow so it can depend on what you want for your career though
I would love to be in Consulting rather than in banking industry. WLB in banking is so much better but I don't like sedentary and boring accounting jobs.
Do you mind sharing the actual salary numbers and relevant details(COL, position, area of expertise, etc.)? Interested to get a taste for the market.