How to transition from IT/Consultancy to PE or Fintech/ Banking without a huge pay cut? Anyone have done that?
Have been in IT for 20+ years, last 15 in Management. Good exposure to different industries and C-level management with holistic view and hands-on from operations, delivery, sales and some tech.

like
Posting as :
works at
You are currently posting as works at

Yes making the transition now to Banking. Base goes down but my bonus is higher so TC is overall higher than that I was making before

I applied on LinkedIn on my own, but ultimately Selby Jennings ended up shopping me around to the middle market banks and so I interviewed at several. For prep I watched YouTube videos, interview guides, WSO, etc.

Related Posts

Curious to know what other firm's bonus structures are, particularly those with billable requirements of 1900 and below. Trying to understand what the norm is and figure out if associates at my firm are getting screwed. thanks

like

Is there any remote work available with base pay?? I’ve exhausted myself with Indeed, Zip Recruiter, and Glassdoor job searches and my unemployment is over 😭😭

like

Hello fishes,

I'm a Senior system engineer completing 2 YOE but working on UI/UX designer role. My salary is equal to service ticket support role and not relevant to ux designer role. Please suggest what should I do.

like

Need some guidance. Currently working in EY and really looking to get out of EY for personal reasons. I got an offer from PWC they're offering same money as my current CTC but with a joining bonus. Will it be wise to switch? PwC EY Deloitte

like

Anyone have experience working CWX side of Facebook (Meta) ? These are the full time contract roles that potentially turn into permanent roles directly with Facebook (Meta). Had a recruiter reach out and offering me comparable TC and such, just curious if anyone has experience in these roles and success/failure of transitioning into permanent role. Thanks in advance!

Anyone here work in UX design? I'm thinking of switching careers and wondering what your experience in UX design is? What courses are the best to take, etc.

like

UBS has mentioned 2L of relocation bonus in my offer letter.
Do I need to submit any bills to claim the same?

like

Does @oracle negotiate for money if anyone will leave early in 3 month?

like

UX Designer - 5+ years of experience

What Salary i can expect with this experience.?
and please do mention what you guys are earning and Company. it will help others to achieve their Salary expectations.

Role - Experience - CTC - Company

We are looking for Major Incident Manager !!
Immediate to 20 Days Joiners!
If you are working on similar skill, share your updated resume along with the below details to
mitalviral.kansara@global.ntt
Total Experience
Experience in MIM-
Current CTC
Expected CTC
Notice period-
Flexible for rotational Shifts-
Willing to work in Bangalore Location-
Educational Qualification-
Regards,
Mital Kansara (Group)

like

What will be the management level in accenture for 6 yrs of experience ?

like

To all who have exited from life sciences consulting, what firm did you work at, what did you exit into, and how is it going?

likesmart

Looking to pivot into healthcare consulting. I come from a MHA background with a two year Administrative Fellowship following it. Any experience breaking into one of the top consulting firms with this type of background?

Former big law associate here who burned out. Now a corporate inhouse counsel.

Been recovering and considering going back to actual legal practice.

I feel I need a new practice area.

One that impacts people’s lives and is meaningful, but where you don’t have to deal with disturbing facts and personal tragedies.

Any suggestions?

like

Hi,

What base salary could I expect for 13 years experience to work as Senior System Software Engineer?

like

Is it SAFE joining Wipro as technical lead (B3) with 37LPA? Knowing that package is pretty high as compared to collogues in same band. HR is not ready to give project manager(C1) position.

Appreciate your suggestions/input.

Would there be any scope of increment going forward?

YOE 8.7

Tech SF DevOps

Wipro Infosys HCL Technologies Tata Consultancy Cognizant

like

Goal is top 10 mba in two years. Currently third year associate in accounting advisory in big 4 (didn’t get promoted). Got an offer from a PE firm in its internal consulting group for tech accounting

like

Hi Fishes,

I am thinking to diverting my career towards freelancing in accounting.
For that I have to resign from my current job in Pwc. I am thinking of starting a job as accountant and work as a freelancer as part-time.

Any thoughts or advice?

If you work remotely, is it fair to negotiate a salary based on where you live, not where the company is located? What's the going rate on the East Coast for Sr Buyer with 15+ yrs exp?

like

What are typical TCs for Associate and Senior Associate roles at small (under 200M AUM) in London and / or DACH?

like

More Posts

Has anyone worked with Sia Admissions? If so, what’s your perception?

like

Any agencies in LA looking for ADs to work on a car brand?

Is it safe to buy new home now with high interest rates ,high home prices and recession in near future?

likefunny

Anyone work for Wells Fargo Corporate and Investment Banking? Have upcoming interviews for two teams (industrials and healthcare) for corporate banking analyst positions and wanted to know what kind of questions to expect. Thanks!

like

I got offer from @LTI Lnt infotech,
31 LPA CTC.
P4 grade. Senior specialist.
Is it equivalent to manager role???
Is that CTC worth for the role??

9.3yrs exp. Java Full stack developer.

like

Happy Wednesday! I am trying to plan with our AP and climate lead on what we can do in distance learning as a school wide event. I suggested we still host our multicultural club assemblies on zoom for the school. Anyone have experience with zoom assemblies to promote a positive climate in DL? Thanks!

like

Woman I went on one date with keeps me informed on what she's doing. I.e. Seeing her girlfriend or on her way to a birthday party. Not used to this level of transparency after just one date. We do have a second date planned. Thoughts?

like

Client side brand manager in LA?

like

Found out my interview this week will be with PMs of different levels so they can decide who wants me on their team, but recruiter won’t give me any specifics on client/brand, print or digital, etc...

like

Well, at least they’re entertaining each other 😂😂😂😂

Post Photo
likefunny

Just wrapped up a deal with a regular client (although the client’s deal teams vary). I’m a Junior and did a lot of the emailing back and forth with the client and with the other side. Is it appropriate for me to add the client deal team members on LinkedIn? What about the lawyers on the other side?

like

1 YOE @ BCG in a NA office, looking for a Google strategy rec! DM and we can see if I’m a good fit

like

How much is minimum salary for junior compliance specialist in information barrier surveillance in Poland?

like

What’s Wilson Sonsini LA like for their corp group? :)

Anybody in here trade options? I trade Iron Condors and have been having success with that but would love to hear what other people have been doing

like

With some of the big tech firms stock prices taking a hit..Meta layoffs announced last week and a few others revealing some teething issues. How do you see the tech market Outlook over the next few years.

Software Engineering compensation
Demand for tech hiring
Are we seeing a shift within the FAANG club and are we going to see new arrivals to the table?

Is the life-span of big tech companies usually only a few decades. If companies stagnate, they die...is this just a sign of more to come

like
like

I’m not bad with money but definitely lots of room to improve overall, due to several personal factors I don’t want to list in full here (numerous unanticipated medical bills, bad boyfriends, etc.) Hence why I only have $3k in savings right now. My first mini goal is to have $5k saved by the end of December. I need motivation and words of encouragement. If I pay off my medical bills, I won’t make my goal. I have to start putting saving money first. Getting depressed about my situation.

like

Alvarez & Marsal Currently a manager at Big4 FDD. Should I accept an offer with A&M as a senior? Also I'm worried about the upcoming recession and would like to hear your thoughts. TIA! PwC EY KPMG Deloitte Alvarez & Marsal

like

Additional Posts in Pivot to Finance

Offer to join Baird as an IB Analyst. Any general thoughts on Baird?

like

I always get to work an hour early. Is it okay for me to leave a little after 5:00?

like

Any thoughts on this?

Post Photo
like

Happy Wednesday! Any Citi folks willing to help? . I’ve been eyeing consumer banking analyst role at Citi, and I would appreciate a quick resume review/ possible referral. 🙂 would be so grateful. Thank you.

like

What is SVB wealth advisors starting salary with in the private banking? Or honestly what is a good salary for wealth advisor and a comp plan.

like

Is it possible to get from hedge fund tax into finance in anyway?

like

Long term I would like to become a financial advisor but don’t like the high selling pressure aspect when starting off. I would like to slowly build clientele on the side as I work. Are there any entry level roles that could lead to a financial advisor role that anyone recommends?

like

Looking for an average overview of weekly hours in PWM at each level? Any insight appreciated. NYC-based, preferably

like

Have to prepare for a 3 statement model case study. Any tips/tricks and resources i can leverage?

Came across some guides and videos on breaking into wallstreet and corporate finance institute but wondering if there is anything more out there.

like

1. What are some recommended readings to get smart for the Investment banking role? 2. Would you recommend getting experience before going to MBA? Do banks offer offcycle internships 4 nonstudents?

like

Can anyone provide insights into Corporate Finance Institute’s Financial Modeling and Valuation Analyst certification? Worth it?

like

Credit Key - any insights? Has anyone worked at this company? I have an interview for a marketing role with them. Can't find any reviews on Glassdoor.

like

Is equity research a good finance role? what’s the salary and future earnings potential? I’m on digital advertising but may have a chance to join an internet stock research firm

like

Fish that transitioned from Citi to Goldman Sachs
What do you miss from Citi Or what did you hate?

What would make u want to go back?

Did you feel like the workload was less when you got to Goldman or did it get harder?

like

From consulting to investing / lending - anyone has guidance on how to make the move? I’m a consulting manager with finance experience pre-MBA. Thinking about pivoting into investing / lending but struggle to find an angle - assumed that it would be hard to break into investing but lending would be great (all the way from corporate banking to mezz). Any guidance on seeking relevant experience while in consulting?

likehelpful

For those looking to get into Consulting, there’s a new platform called Profesh that has short videos and reads that explain it in simple terms, and lay out how to break in. Everything is less than 3 mins. Super helpful to learn about it in chunks between doing things. Give it a try!

like

Hey Friends! Looking for advice!

My wife is a Chartered Accountant with 7+ years of experience as credit manager, underwriting loans with some leading banks in India. She just got her EAD and is looking for jobs, open to switch profiles as well. Do you think she would fit in for any role here in Seattle, WA? She has been a star performer and promoted twice in the last 3 years. One problem is companies look for US experience which she does not have, we just moved here early this year.

Anybody in Frankfurt Germany hiring non German speakers?

like

Any VP corp bank jobs out there?

like

Can someone share what softwares/languages are useful to know in this field? I am pivoting Into this field and want to get into consulting/asset management. It’d be a huge help if you can share your experiences too!

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal