I've noticed many consultants jumping firms... How soon after joining a firm can you jump? Jumped 2X in 5 years, each for a fun and interesting opportunity. Thanks! Current level: manager

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I've been loyal to company's before and been laid off. So no. Fuck loyalty it didn't exist anymore.

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Lmao damn 3x in 10 years? Moved 2 times in 3 years - yes I think highly of myself

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I'm going to keep bouncing firms until I can't get 30% raises and signing bonuses every 2 years, like any decent consultant, byee

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Is that the game? You pay me money to make you exponentially more money, in return I have a shitty personal life while learning from you?

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Move when you want to, obviously secure a job before moving.

As someone in a lower position, I'll switch tomorrow if I get my dream job/someone pays me more/the new position has a better career outlook.

To P1 point, why should I be loyal to a company that wouldn't give me the same benefit.

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It’s a game. Optimize the payout for yourself by working for the highest bidder.

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@ Principal1 - My father, a businessman, said the same thing to me. I moved from my last firm to EY after 2 years (high performer) because I knew the firm wasn’t headed in a positive direction—sure enough, several were laid off, and people left one by one. I’ve made my name and brand at EY (great ratings, considered for promo to M, great reputation) and am moving to another firm short of 2 years because...1) I have performed at a SM manager as a SC and grew exhausted of all the politics, 2) certain key folks stifled my development, and 3) the number of SMs leaving at their own will indicated something to me. It’s likely that I will need to stay at my new firm for at least 2-3 years before heading to business school. Consulting now is different from what it was 10-15 years ago. Do wise people who stay ahead of the game and predict accurately have to get dinged? Loyalty at consulting firms means nothing these days. It’s ruthless out there.

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Jumps along the way are fine but I always question when someone has moved firms 3 or more times in a 10 year span. It isn’t changing jobs that I have issue with, it is changing jobs to the competitor. Makes me feel like someone either isn’t cutting it, thinks too highly of themselves, or is going to learn what we have to teach them and then jump again.

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^ same here and you are right F loyalty

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P1, what about moving from consulting to industry for a few years then trying to break back into consulting? Is that seen as negative too?

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Couple of things were asked here that I will respond to...

I have jumped between consulting firms once in 26 years. I actually jumped at the Partner level and not for pay but to take a really great opportunity.

I don’t think there is loyalty these days between companies and their people or people and their companies and I do expect and even encourage people to jump when they are jumping TO an opportunity vs jumping to the same thing for a pay bump.

Jumps to industry are usually different because you are jumping to something truly new.

Having managed the financials, I can tell you that both firms I worked with would give people coming in a boost and then have it all equalized back out by the time you hit the next level. Hopping can provide a short term benefit for sure but over time there is a lot of balancing.

Regardless of this, I would absolutely expect people to jump for more pay or for a perception of better opportunities (you never know til you get there) or even knowing that one firm is deeper in an area where you have interest than your current firm. Where I have to question is with someone who is changing firms every year or two as a pattern.

The fact is that long term success in consulting is based on network and depth of experience. Network is hard to get without some level of commitment and experience can be hindered if you are constantly looking for the next gig.

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Here I am feeling bad about jumping after 2 years because RP is 👹

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Don’t get stuck in a baby boomer mindset in a millennial world - bc I (respectfully) don’t care about someone like P1s feelings because at the end of the day there’s someone who will pay the premium for my (our) skill set

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@AA1 - Sure thing. Fruityfishbowl@gmail.com

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P1 maybe provide some background on your career moves.

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Thanks everyone for your input! Interesting and insightful dialogue.
@P1 can you please elaborate. My husband is an executive in industry and appears to have a similar perspective to that of yours. Would love to hear more from you on the reasons you have this take as well!

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P1 nailed it. Move if you are not a fit or getting significantly underpaid via the market and the firm is not actively trying to catch you up.

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EY2 do you have a burner? I'd love to chat and get advice!

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@P1 - That’s an absolutely valid point. If an opportunity that would keep you at the firm opened up (with partner backing), but different forces thwarted your ability to grab the opportunity and career development and this happened on a repeated basis, what can one do? Leadership fully recognized this was the root cause when I left and tried to retain me after the fact when I submitted the papers. Would love to chat offline to understand the perspective and thoughts of a principal/partner.

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Just make sure the resume tells a story, jumping is fine. Consulting companies are very aware of why we jump wrong CM, wrong contract, wrong tasking/focus. The firms don’t give us any notion of commitment so neither do we

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