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Can anyone give an opinion about joining Cognizant Bangalore now ? I have 1.8 YoE and they are offering a pretty good hike but I have heard news like there's managerial changes happening rn and many people are leaving the firm. Your opiniors will greatly help me in making a career decision.
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I am OK with what I do, although after 15+ years it certainly lost much of excitement. I enjoy significant control in the types of roles I can take and businesses I can build, so cannot complain too much either. I am fairly tired of the lifestyle, unfortunately no one will pay me my $2M for any slower jobs. So will keep up for 5 more years and then retire altogether, with a generous pension.
Rising Star
You’re making $2m after 15 years at B4. You rock!
Chief
I’m in the same situation as you, although for me MD is more like 5-6 years away. I’ve also tried to leave, interviewed and then stayed. My thinking is if I really hated consulting as much as other people hate it, these offers in industry would look more attractive.
Rising Star
Great perspective above from some other partners. I stayed because I genuinely love what I do. I work with CEOs on their most pressing issues, and I get to coach and apprentice and work with some of the smartest most talented people I’ve ever met. I also get to research things that interest me, and I’m active in various nonprofit organizations that I care about. It would be almost impossible to replicate this in an industry job, let alone make the same amount of money.
Ditto!
It depends on what you want. Was tempted to leave multiple times...but never left because (and that’s personal to me):
- change was too slow at traditional industry players & your influence is likely lower (today I interact with F500 CEOs, in industry you likely start C-1, only very rarely C-level
- start-ups/scale-ups are nice but not same means (most of the time) as the large consulting companies, also often lower salary and higher risk-reward mechanisms, great if you are single but for me with two kids not an option
- other consultancies...first it is difficult to find one that is at least same level + switching to do same job with ZERO network needs a serious financial step-up (Minimum 30-50%) is needed
The best time to leave is at Senior Consultant or Manager level I've heard.
Liked it. Less politics, more diversity of work, get to meet C-levels all over the world
Depends on what is keeping you there. Personally I left consulting too early. Pretty sure I would have been more fulfilled staying in consulting and going to another firm with better brand recognition (I was somewhere where the work did not really sell itself very well at the time so moving up meant less consulting and more selling). The opportunities for the more fulfilling roles in industry are better once you’ve been a partner for a while and move over to executive level roles rather than getting stuck somewhere in a role where your impact might not be as great.
MD and partner are two different destinations.
I would leave now if you don’t want partnership as that is a big commitment
MD is fine. You can leave as MD to any other firm
It HAS to be about your own goals and interests.
I don’t know what is expectation in terms of lifestyle upgrades or trajectory in your current track , given you tried to leave 3 times. I mean that tells me, those metrics suck right now. Is it going to get better at partnership?
In any case , Almost every one I know on partner track are laser focused on that goal and nothing else. So that’s another red flag if you will
OP - I feel like we are the same person.
I have been doing at least 2-3 interviews each year in consulting because I came in saying this would be a couple of years thing. But I have yet to find the perfect combination of level, comp, trajectory and brand. The closest I came to calling it quits was actually for a CSO role at a $1B company. But the company's vision wasn't inspiring enough.
I am now thinking that if I push again and make partner then I never will leave consulting. Not sure if that makes me happy or sad
I’d say C-1 level for a $1B company is pretty good before making partner! Of course vision is important..
Like what I do but have stayed moreso because I have great flexibility with work and will be able to retire by 50