{ "media_type": "text", "post_content": "One year in consulting..... Too soon to exit to industry?", "post_id": "57809d3ac168de1300263dec", "reply_count": 11, "vote_count": 3, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

One year in consulting..... Too soon to exit to industry?

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Switch. Industry teaches a lot. And if you don't like it there much, there's always big4. Once a big4, always easy getting back into the game, with more exposure into how work is really done. Only caveat - Even though initial switching base jump is good, the annual raises in industry are peanut.

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Got an offer for 40% base increase for an in house corporate strategy role...unsure what to do

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Yeah, wait for the first promo at least

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Jump. Big4 has a 20-40% boomerang rate so they are always willing to hire you back.

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Stay 2 then jump

Jump

OP I was wondering the same. How does one recruit for in house corp strategy role/what is the job title of that even called?

After a year you think someone wants you for in-house strategy? Maybe out of a true strategy house but if you want to go to industry, prepare for the reality that you are gonna need to do real work to learn how a business actually works before you are qualified to build a strategy.

EY1- I have ~2 years industry experience in internal consulting before EY, so it's not my first rodeo. EY2- position is within the "strategic planning" group.

EY1 - what do you mean by real work? And even with one year experience isn't it possible to add value in an analyst capacity, for the data/models that support strategic planning?

Do you really know how the business works? 2 years in industry, it depends on what you were doing and what you were doing here at EY. So you are likely a senior but do you know what the operating model really looks like where you want to go? What are the growth targets are and how money is truly made? Do you understand the competitive environment of the industry you are moving into? What drives the strategy? - then do you understand the enabling technologies, m&a environment and what the potential disruptive factors are? - not many people with three years experience are going to have this understanding or the majority of elements here. When I think of corp strategy, this is what it is - truly understanding and developing the value prop and the impact on financial models and financial levers you are trying to pull. If you are in TAS/Parthenon and some tax groups, you may have got that experience at EY but if not, I don't know any other area of EY that really is strong in financial planning and modelling as a training, development and execution pillar.

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