How much of a pay cut would be reasonable for moving laterally to industry after 2 years (staff) in consulting? The position is perfect for what I want to do next, no travel, beer company.

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I think the bigger long term issue is the lack of growth opportunities in a lot of industry roles.

Traditional consulting firms are a great place for rapid progression in skills, experience and compensation.

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I knew someone who went to elementary school teaching from IBanking (with no safety net). Sometimes money isnt worth it if you hate what you do.

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Paycuts are dumb financially. May make sense lifestyle wise.

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Yeah, I know. Especially early in career. But I just need to get out ASAP and I want to have an idea of what would be just kind of stupid vs what would be extremely stupid and not worth it. I kept applying for higher positions with no luck after about 4 months, so now I’m also looking for a lateral move.

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S1, good point, but I’m over consulting for right now. I need my life back. Maybe one day I’ll boomerang, but I’ve wanted out since April and nothing has been able to convince otherwise.

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Any pay cut is stupid. Case close

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Do what you have to do OP. Sounds like the lifestyle isn’t a good fit, so go find the best paying non-consulting job you can find.

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Personally I would be hesitant to take a pay cut. Not sure why the company wouldn’t be able to at least match your current pay. Nonetheless, I would say anything more than a 5-7% pay cut would bother me.

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Why are Staff in EY so desperate to quit? What would be some of the things that you want to do?

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@ey2 cause they keep staffing them on AML projects

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I'll take any pay cut lower than 0

Depends on industry and you personal needs. If the cut still satisfies your financial needs, then congratulations finding an exit opp that makes you happy!

Friend of mine was a manager with pwc and went into tech PMO for one of the two main beer companies. Got a pay raise out of it.

I’m in a similar spot. I would be willing to take a 10% pay cut right now for my version of the perfect position

Adjust for COL and see if it’s actually a pay cut, then make your decision.

Ya if Youre on AML just quit

Do it!!! I’m in the exact same spot except I haven’t found another job yet. If I had an opportunity that I loved I would take a pay cut if I could still afford it. I hate this job too and idc about a pay cut to find something I like. You only have one life, enjoy it.

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