Related Posts
Anyone taken a 3week vacation before?
Additional Posts in Consulting
How do you know it’s time to leave a job?
Returning to work tomorrow like...

New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.




FWIW as an M I just accepted a role in industry for a 10% bump and I thought it was a miracle. Up to that point I was finding very little that would let me keep my current salary. Can only imagine it’s even harder to do as an SM.
Chief
It’s not a lateral. CL5 is Director equivalent.
Song officially calls SMs as Directors and L5 as Group Director or Principal Director
Rising Star
You probably didn’t get raises in last 3 years and now you are taking 15% cut. Industry gives low single digit raises so it may take 3+ years to get back to this salary. Unless you are going to make $280k+, this reduction may have lifestyle impact on you. I wouldn’t take this job unless you know you can get RIFd or you just hate your job badly.
Thats my take, of course others may have better advice.
What industry?
How much is the offer and what city/industry?
Probably not the norm but it seems more common now a days. I did it and very happy
Maybe these days
In my view, if you’re depending on your salary to achieve your financial goals you’re doing it wrong anyways. I look at salary more like a battery for outside investments. I know teachers who make 60-70k a year with a better nest egg and return generating portfolio than people with “prestige” careers.
I took about that cut to go to industry as an SM to another SM/Director role in industry at a F50 firm.
What is the difference in the quality of life between the two? I would take a cut if it meant more stability and working in a job where I am making a difference.
We making up acronyms these days
I took about the same 15% cut but it was for a fully remote, individual contributor role so huge huge gain in quality of life and massive reduction in hours working
It's more normal to exit to industry for more not less, but knowing that future raises may not be as good as consulting
It’s the historic norm. Covid threw everything out of whack but we seem to be headed back in that direction.