Need your wisdom Partners :) Currently SM1 Base $160k in LCOL in B4 Advisory. Just got a Sr. Director offer from the industry at $230 base + $100k signing + $40k stock. Similar role in technology strategy and helping a new senior leader (used to be one of my clients) build out their portfolio. However lots of deep relationships at the current company and leadership has acknowledged that I’m on partner path in the next 3-5 years. Would love any inputs/feedback or items I should be thinking about.

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Depends on which org you are at, but:
1. In many organizations, the partner track has been getting harder over the years.
2. There is always a probability factor associated with making partner. The market may go sideways. A powerful partner may end up not liking you. The company may re-org or shift focus. All of this applies to your growth in the industry too, perhaps even more so, because in consulting, you may have the opportunity to switch to something else.
3. As one grows older, has a family, etc., the consulting life (such as it may get to in a post-Covid world, but some travel will be inevitable after the dust settles), consulting may not be the place to be.
4. I have seen competitive and politically aware individuals grow faster in the industry than in consulting of late, almost counter-intuitively, especially if you have good executive support AND the consulting work ethic and skills
5. The experience of needing to see something through soup to nuts in the industry may expose you to skills that you may not be able to acquire in consulting. On the other hand, there are things consulting can teach you that the industry cannot. All depends on what you want to learn / be.

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P1 is spot on. I started in industry and did a few years of consulting post-mba. Now back in industry and I’ve noticed a significant split in the fortune of ex consultants at my firm.

Those that were always consulting seem to be stuck, while team members with a mix of experience (myself included) have moved up much more quickly.

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Go for it, you are too early in your process. SM to PPMD is far harder than the feedback you get in first year. Anything can happen in the next 3-4 years - could be your mistake- could be business pipeline- could be a ppmd not liking you anymore.
Source: 4th yr SM and still 2-3 yrs away

likesmart

Yes.

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So did you exit EY?

I did indeed exit EY. And thanks to everyone here for the inputs. I feel I made the right choice! Y’all are amazing!

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