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This is a good question and something that I myself have thought about over the past few years.
I decided to stick with banking and financial domain. I plan to become a product manager and a domain specialist, sticking with one domain for long period of time also enhances your chances of getting into management consulting and consulting in general. It keeps the door open for freelance consulting work in your chosen domain.
As you can imagine, it offers a lot of potential. And I have realised that it does not dampen your chances of getting a higer pay raise.
Do share your thought process as well.
1 primary- 5/6 years in 1 domain
And 2 secondary should be the ideal case. 2*2 years in 2-3 domains.
Perfect recipe of a business analyst with vast total experience, multiple domains exposure and expertise over 1 domain
Perfect
Diversity is key it shows you can learn and adapt
Thanks for your answer, it really helped.
I myself am part of Insurance domain ever since I started my career 6yrs back. And it’s good, there are very good opportunities going forth.
When I started out I did not have much choice of which vertical to choose.
But as my experience and knowledge grew I knew that getting to SME position could be a solid plus point and can lead me into MC as you said.
But at the same time I also felt I could be missing out on opportunities to get to product manager role in different domains or myriads of startups springing these days.
It was a bit tough to understand the trade off of choosing either of it.