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McKinsey & Company Any advice to help prepare for data science analyst role at top consulting firms (McKinsey & Company EY Boston Consulting Group etc)? Any materials, open source platform recommended to take on freelance data science project? When should I start actively looking and applying? I am a new grad who is working in tech as a marketing analyst I’m looking to pivot to marketing& sales data science consulting next year. Would like someone with similar backgrounds offer some practical tips.
When is a 3 page resume acceptable?
Definitely using both of these.
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Honestly titles are just ego at the end of the day. The only real point of promotions for me is the earning potential so easier choice for me is higher pay rather than higher title. Are the benefits better for you though?
Untrue. If you get a better title, then the job after this job may be a better job too because they will see that you already held the position of IT manager. It’s the long game.
If this job will give you the experience of the IT manager which allows you to move to another company later and earn much more then yes. If it’s a title but no experience upgrade then no it’s not a good move. Think about the next step and ask :” would this move enable me (in one year) to get another IT manager job somewhere else with a a substantial salary upgrade ?
I managed teams of a dozen plus while in customer service because it was the only way to make any money in that space. I moved to IT and make a lot more NOT managing anyone. I'm not sure you could pay me enough now to go back and manage people... and for less money? That'd be a hard no. But to your point... if it's going to allow you to make more in the future go for it. I just realized my happiness not having to manage other people was the better fit.
Yes only of you don’t plan to stay in the realm of your title. For instance if you are planning to stay technical and you hop into the CIO role, it will look undesirable to future employers when you later apply for an architect role.
Who will you report to? Is there a CIO? Some organizations have IT reporting to finance. This could possibly explain the low offer. Finance (not all organizations) has historically kept their thumbs down on IT growing as their are looking at the $$$$$$ and not the value someone brings to the organization.
Most of these answers are wrong. Title does in fact matter - not at your current organization but at your next one. However, what you put on your resume should reflect your duties and contribution, not what it says on your business card. Never take less pay because of a title, AND never put a title on your resume just because it's what you've been assigned.
If it is a bigger company and higher title why is the pay lower? Especially if you will have higher responsibilities. Have you researched the pay range? Is there room for negotiation? How does the upward ladder at that company look like? Best of luck!
it only makes sense if:
You are going to learn a rare and transferable skill which will propel you career and resume
You plan to job hop after less than a year , so you can get a significant raise
Just check for title inflation. E.g as a Senior engineer in my company I have bigger responsibilities and develop more skills than I would as a Staff eng in other company or as a CTO in a company with 3 engineers.
Im sure a company that pays so low for their staff will have serious issue with the quality of their personnel and their work. Are you willing to work in such conditions?
The only time I’ve been ok with taking a pay cut is when I completely changed industries. Other than that, I can’t think of a scenario where losing $16K in exchange for a title, more responsibility, and (ultimately) more headache under the guise of a promotion would be worth it. A title is meaningless without the income to go along with it
A job is a set of responsibilities and activities that you are paid to do. You should make your decision based on whether you want to do those things not just on the title or the pay. For example they could pay you 3x what you make now, call you Vice President and assign you to sit in the bathroom and count the number of flushes each day. Would you take it? People might at first but then quickly have an unsatisfying life and be a miserable person. Life is wasted unless your days have meaning and value. Your ego can be stimulated in other ways and your income needs can be adjusted with some different spend decisions. Answer the question of "does doing this work all day mean something to me? and am I willing to make the life adjustments necessary to have it?"
I’ve done it and I wouldn’t do it again. I guess what matters is what you enjoy doing. If you enjoy the responsibilities of the higher title job then sure. If you think you’re going to be able to leverage the higher title job to get the same job at a company that pays more later I wouldn’t bet on that. I’ve found that companies in general are smart about how other companies title their employees. For example, I had an architect role at a small company and when I came to Salesforce I got a pay increase but I wasn’t even a Senior rank. I got it eventually, but ultimately what you want is to make the most money with the best benefits at all times. A job is a job but money means flexibility and the ability to live the life outside of work that you want.
Your current title is principal cloud engineer and you're moving to IT manager? That is not a step up title wise imo. That is just moving from individual contributor track to managerial, but it's actually a step down along the track in my opinion.
Nah. That’s a huge difference in pay. You shouldn’t take a promotion if there is no pay increase. That’s the whole point. Don’t settle for less than you deserve. I have found that titles don’t mean anything. Heck, write your own title if it matters to you that much.
Depends what your goals are and the current situation. How big of a drop is $16k? Don't worry about title, everyone in the banking industry is seemingly called a VP if they're above entry level. Focus on experience, skills, and responsibilities. The compensation should reflect properly, stability, job security, and flexibility are also some intangibles to factor in.
I'd much rather earn more than be given a big title. I'm earning a lot more now as just a Project Manager title than a colleague at my old company who has the title of Head of Project Management. Titles are a bit meaningless really.
Rising Star
You are making a career pivot from a top rung individual contributor to an entry level management position. Eventually the management track will make more money that most individual tracks. The required skills and work will be different. The things that made you a good engineer (like deep concentration) might be bad for being a good manager and vice versa.
Dive in deep and learn how to do well in the new role. If that is where you want to take your career, give it a try.
I find that it's detrimental if you're black. We often times do not know our worth due to nontransparent salaries and no family history nor family members to compare/ask for salary advice in this field. Often times businesses will take advantage of that... Not because they're racist but because they're a business. Never and I mean never answer the "required salary" question. I will personally will never take a lower paying job to, "get my foot in the door" or to "move up in the company"... Know your worth
Perception is a mid reflection of the collection of your thoughts processing for guessing depending on it how much you're aware or prepare but once you're there security is an interesting do you have it or have you always been aware so you prepared for what if you don't mind it don't matter
I’m better without a title and more money. Title mean nothing.
First. Can you afford it?
Second. Will your work load or responsilities increase? More work less pay hmm.
Third. Is the new job inline with your career goals and does the company have a career path that will help you achieve your goals.
Forth. If it's what you want, who cares or who needs to know you took a cut in pay.
I got a higher title with a 20K paycut....however there is a commission component which I praying pays off within the next 90 days otherwise I will be agressively looking to move on...I have been there 2+ months now and nothing has closed. My job is too research vet and book the meetings & demo's Once closed I get 5% of the total value of the revenue
I would only take a pay cut if the new job benefited me in some other way. For example I could learn something new, gain experience, better work environment or other benefits that out weighed the loss of income. If you are asking would I take a pay cut just for a title, probably not.
It depends on the context.