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McKinsey & Company Hi Fishes, Working as Process & Proposal Engineer for Air Pollution Control equipments for various industries. Total experience is approx. 10 years. Now want to switch my career into EY, KPMG, BCG, McKinsey etc. for salary hikes and role change. Please guide me in this regard. BE (Mech), PG (Thermal), MBA (Marketing) Accenture, EY, KPMG, McKinsey & Company, Boston Consulting Group, Tata Consultancy, Capgemini, Cognizant
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Sounds reasonable to start at the ground level when you don’t have any actual turnaround experience. I’ve heard restructuring can be a tough gig
But also congrats, solid job to get into right now
Associate in restructuring probably pays better than a manager in audit. If you like modeling etc then worth moving. Some solid exit opps if you do well
Yup the associate salary is higher than the supervisor salary in audit. Do you know what exit opps there are in restructuring?
Rising Star
I would definitely do it. But also depends on salaries and what you want to do. If you don't see yourself making it to audit partner just leave. You're delaying the inevitable.
Def not making it to partner as I also don’t have my cpa. Just worried about how the backwards jump will look on my resume, especially if I don’t end up liking restructuring
Don’t worry about the title issue. People look at years of experience. Restructuring gives you good operating exposure but it’s HEAVY travel, or at least used to be.
Investment banks also use titles like associate to equal Senior and VP=manager. Titles change with different industries.
How do the Salaries compare? What level would you be promoted to after 1 year and would that put you back on the same track, ie. what that promo be to manager?
Associate salary at the RX firm is more than the supervisor salary I currently have. And the promotion after 1 year would be to senior. There’s no manager role. 4 years as senior and then you get promoted to director. Just worried about the supervisor to associate backtrack on my resume. esp if I don’t end up liking the RX field
Do they have an analyst level? At some firms like A&M, associate is closer to PA manager.
No, so they have associate for 3 years, senior for 3-4 years and then director. No analyst position. So in consulting, associate is seen as kind of a senior-ish role?