i’ve heard industry pays less than consulting. so why do ppl exit consulting to go into industry?

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A more chill life

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P1 I think that depends on individuals a bit too. I see overly competitive analysts/consultants who are obsessed about climbing the corporate ladder as fast as they can. I personally have no desire being one of those folks. I am happy to stay as an individual contributor as long as I can. I still meet/exceed expectations in terms of my performance reviews anyways, so everyone is happy :) also should clarify, I am in tech consulting and prefer non client facing projects. Background in software engineering, Never had to work on a PowerPoint.

Because working 60 hour weeks gets tiring after a while

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Because life is not always about the money

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Left consulting at $400k to make $300k in industry. Here was my rationale:

1 - we live comfortably on far less than $300k

2 - didn’t want to be away from my young kids 3-4 days per week

3 - client will always come first in consulting. 99% of the time, I can tell my company that they will get their request tomorrow because I am going to a kids sporting event without any issues

4 - consulting is fun but we rarely stick around long enough to see the result

likeuplifting

I left consulting for 2 and 3

I wasn’t fun to work 70 hours per week juggling a million things at once

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Not in any order

1. not everyone makes it into consulting and a small portion are asked to go / don’t get promoted

2. Work life balance is a great factor. Many are ok taking a hit on compensation for better wlb esp the travel part

3. Some like industry and have the skills for that. This group makes it to the Leadership of top companies. They make more than consulting partners.

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A little different. Partners need go have great selling skills and arguably greater problem solving skills “intellectually”. Also we dont lead “larger broad teams”. Our teams are smaller and made of self-motivated very high calibre individuals.

Depends on the industry and position.

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Definitely didn't pay less in my case. No sacrifices were made in leaving KPMG.

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WLB mostly. But definitely more annoying politics in most cases. Money / Career is too random to be a determining factor.

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Highly dependent on the industry and role. You are correct that consulting is a well paying career though.

I’m fairy confident you can answer this question yourself in 3-5 years. Many people like the travel, the variety of work + clients, and love the extreme pace of work.

Others want to own outcomes not ‘recommend’ them, don’t like consulting culture, dont like the travel, dont like powerpoint, and/or don’t like the hours involved

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Moved from consulting to industry role. Pretty sure, im not going back.
That said, work hours can vary and you can still clock hectic hours depending on the role.
Pay, yes could be a bit less ( if i compare with peers at MBB) but the flexibility is great.

Depends on what industry

I left because I wanted to move to NYc but Deloitte wouldn’t adjust my salary for COL.

Honestly planning on boomeranging back in a couple years and making it to SM.

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