Related Posts
More Posts
Buy and HODL?
McKinsey & Company Bain & Company Hey everyone -
Not the exact right bowl, but looking for advice/referrals for a close family friend trying to break into ESG/climate change/sustainability consulting.
They have ~7 YOE in finance (mostly junk debt, some S&T) and 20 YOE in development banking at an IGO (think World Bank, doing everything from public debt offerings, infrastructure, etc. all w heavy ESG/compliance requirements).
Thanks for the help!
Boston Consulting Group Bain & Company EY EY-Parthenon McKinsey & Company
Additional Posts in Consulting Exit Opportunities
New to Fishbowl?
unlock all discussions on Fishbowl.
Subject Expert
Umm yea. We all want happiness and fulfillment more than money.
I'd argue that many people here make it clear that "happiness and fulfillment" isn't always from the job.
For many, the primary objective of an exit op is WLB and $$. The fulfillment comes from the things they do outside of the workweek. Very few here, I'd say, are aiming to derive even a majority (let alone most) of their life purpose / fulfillment from their work. If that were the case, you'd see way more people specifically aiming at mission driven companies (real stuff, not the half-@$$ed "don't be evil but we make money on ads from authoritarian countries" in tech), nonprofits, and government.
Look, if you had one shot or one opportunity to seize everything you ever wanted, would you capture it? Or just let it slip?
Yes. Without a doubt in my mind. You put in your time with high stress levels, now you get a chance to go do something you actually want to do. Easy decision.
Coach
absolutely!!! You're living the dream. Making pretty good money in a field that you are passionate about. Can't get better. Trading "prestige" and 20-30k for a passion is 100% worth it IMO
Community Builder
What if it is more than 20-30k?
Interested in this question too.
Think it depends on two things: 1) whether you want to commit to that field and 2) transferability of the skillset.
I used to hold the position of thinking that if an opportunity came up in my field of interest, I'd take it for sure. Mainly because of factor #1. That field was interesting enough for me (and good enough for other factors in comp, prestige, etc.) to feel like I could commit over the long term. It's the calculation where you think spending time in that field will be productive even if that time won't feed into anything else because that's the end goal, after all. Put it another way like people say here, that's THE exit op.
Now if you're not totally committed and/or if you take a different view on your career, where the end goal isn't a specific field and you're open to shifting over time, then #2 comes to mind. I also used to think my field of interest did well with #2 (and I still think it does, but I don't put it on a pedestal) because it would give me a unique experience and a story that few people can tell. So, it is possible that a nontraditional field could in fact give you solid exits from that field, though this isn't always the case. If you think you can weave a great story on your impact in this "lower prestige" but cooler field, then you don't need to be as stressed about #1, and you can maybe just enjoy your time. Until you wanna try something different.
TL;Dr, it's about your commitment and your understanding of risk management.
Above a certain level (£70K) comp is not a deciding factor - i can live a comfortable lifestyle. Would much rather do something I’m passionate about in an industry I care deeply about. Helps that I’m in the U.K. where we don’t have the same range of exit opportunities for consultants
Just did. Worth it so far.
M1 are you hiring lol
Depends - what are your lifestyle aspirations and needs (e.g. sole breadwinner, cost of living).
Yup
Mentor
This is the classic trade off discussion
How much is the salary or TC differentiation?
How much difference between passion and the “job”?