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Additional Posts in Consulting Exit Opportunities
When is it best to leave consulting? Here's how I think about it.
First, are you enjoying it? If so, why leave (it can be a great life long career)?
Second, are you still learning fast? If not, you're missing out.
Last, what skills do most employers value? In my experience, this dictates 2 optimal jumping off points:
(a) 2-3 years in. Consulting "tool kit" is solid
(b) ~1-2 year into Manager. Employers value experience managing people.
See: www.linkedin.com/in/richrosser/
thoughts on Whirlpool Corp Strategy?
Looking for referral at novo nordisk!
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Understand what the role entails - are you more an admin or are you a strategic partner? Some execs see a CoS as an extension of their admin (if they have one). What is the trajectory of the CoS role? Is there an opportunity to roll into another role as the company grows or will you always be the CoS? You also want to understand what your key metrics will be and what ‘success’ is defined as.
You’ll also want to make sure that anything you have as a ‘package’ re: comp and equity are in writing and you’ll want some kind of caveat that if the company goes public, that the equity translates to stock equivalent.
What you just listed sounds much more admin than strategic. Understand if that will be the majority of your workload and if you're ok with that type of work. At 2 YOE, it could be a great way of being in meetings to learn in the early part of your career. Any targeted exits mean very little with $14M raised. I would be more focused on revenue and growth rate than capital at this point.
See at what valuation did they raised the last rounds - this can tell you a bit about how realistic are the 100M CEO is talking about.
Subject Expert
Chiefs of Staff are usually glorified secretaries, so be ok with that if you make the move. The ones at Bloomberg were all proxies for the group Presidents, but they didn’t make any independent calls of their own.
Subject Expert
And that’s why I wrote “usually”. It is rare that the Chief of Staff is some valued member of the C Suite - especially if the firm has a Chief Strategy Officer, a COO and a CFO.
At Bloomberg they are lapdogs. At Bank of America they are secretaries.
So I can’t give any advice, but out of curiosity how did you find the role?
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