{ "media_type": "text", "post_content": "Is it stupid to take a pay cut when leaving consulting? I have an offer for an industry senior manager that is ~5k under my total comp but has a ton less stress/hours. (MBB EM)", "post_id": "5ef981237beba70024c8efa1", "reply_count": 16, "vote_count": 4, "bowl_id": "5ae4a4f739e7cb001391ec8b", "bowl_name": "Consulting Exit Opportunities" }

Is it stupid to take a pay cut when leaving consulting? I have an offer for an industry senior manager that is ~5k under my total comp but has a ton less stress/hours. (MBB EM)

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I think ~5k for 10-20 less hours a week is a no brainer

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5k is nothing

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Is 5k less before taxes really going to negatively impact your life? You know the answer

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I took a paycut even as a BA. Could of gotten a 60 percent hike, not sure it was the right decision. I think your jump is basically the same pay (5k is nothing if you are making 200k plus already), I'd take it you like the firm/role/industry, esp if you are a newish EM

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^ this is absolutely true

I think you're really asking whether losing out on about 20 percent plus the 5k (since people usually leave consulting for higher comp) is worth the new job. Then the subsequent questions are what pros does the new job give you and good enough to forgo McK / other opportunities.

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Don't compare just base, compare total comp. Do they offer a better 401k match, comparable insurance, bonus structure, actual time off, etc?

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Do you like the total package? If comp is similar but role / company / wlb are good, then why not?

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I took a 20 k paycut moving to industry..no regrets so far.

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Not for 5K. You the look at the whole picture and what you value. Is it more stable? More 9-5, is the culture better, do any of the benefits help counter weight it, will you be happy?

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Think about long term growth as well! Will this company provide you with the same growth opportunities and rate as McK and other companies?

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5k pay difference is no brainer, the reason for being in consulting is not today’s pay; the potential or opportunity to increase the pay by moving up. Check if the industry position offers that growth.

You can exit to a pay bump from EM level, certainly. But it might depend a little on your pre McK YOE, sector you’re focused on, market you’re in, and other factors. I’d recommend reaching out to McK career services (assume they have an equivalent to BCG). They’d be able to give you better comp data - then you can assess where you are relative to peers that exit. Then you can decide if the comp delta (if any) is worth it

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