So I’m a second year consultant. Like most, I was disappointed with compensation this year and am pretty bearish on my future earning potential here. I’m currently interviewing with a big tech company (not FAANG but close) for a position with substantially higher pay as a business analyst. I really wanted to stay til SC/M but the money is too good to pass up. I guess my question is: are there any major downsides to exiting to industry “too early?” Has anyone done it and regretted it?

like
Posting as :
works at
You are currently posting as works at

I wouldn’t listen to EY1. Take the money and run. Tech companies also look good on a resume. You would also have so much lost income by staying at D when you have an offer for more money. D is not going to give out good raises any time soon, so if you want to get a salary bump you gotta leave now.

like

So then you do agree with me 🤡

Pretty straightforward, nobody built like you, you design yourself

like

I left after 1 year at D as a BA. I make as much as M’s at D make now 1.5 years after leaving with no sign of capping (also in big tech). I disagree with EY’s opinion, my work at D was nowhere near the scale of work that I do at big tech co, and there are infinitely more stretch roles here

like

@Accenture 1 Your mileage May Vary

like

To clarify my first comment — if you have a background in an easily marketable skill (data science, coding, mathematics) then I agree, I’d leave now and bank the extra income and less hours and feel confident I could continue to grow my responsibilities/income just fine. That’s not so true for other functions/skill sets and, to be completely fair, a lot of us came here right out of undergrad with potentially totally unrelated degrees. That’s where staying in consulting and getting those stretch experiences helps.

likesmart

I’ll caveat my reply too and say this advice is worth listening to if you don’t have some easily marketable hard skill

I’ve always heard it can limit earning potential in the future. Consulting is typically easier to get “stretch” experiences that could easily lead to more well compensated jobs than what you’re looking at now a couple of years in the future (I.e managing global teams/projects, working on projects that have high financial impact). I would say it’s probably best to try and stay until M1, but totally understand if you think it’s more lucrative to go now — those things I mentioned are possible to find elsewhere, just maybe not as easy. Just my two cents.

Yeah I’ve hear that too. The only thing is I’m not sure I’m completely done with consulting. I actually like the job, but recently WFH and shit pay have made me very frustrated. I was thinking worst case scenario, I don’t like the new job and can boomerang back to D or another firm in a couple years for a title bump or two and a much higher salary

Always take the cash unless it is guaranteed that you will make more on the next promo.

Related Posts

Hello fishes, How is the WLB, yearly hike, promotions in NTT data, HR told me that they dont give any bonus. How is the growth for SAP?

like

Being given the option to do an exit interview as I leave my firm. Should I do one? I don't plan on airing my real grievances or the extent of them.

like

How long did it take to process H4 and H4 EAD this past year. My SO just got their EB1 denied after multiple RFEs. Now have to switch to H4, as the H1B is expiring soon. We’re applying for an O in parallel. Looking for advise or positive stories to stay hopeful. I have an approved I-140

like

Interviewed for an exec position with a small company and in the convo with the CEO (whom I would be replacing), she said "you're very young and there seems to be an issue with young people and work ethic." How do you respond to this?

likefunny

What are some good questions to ask a MBB partner during a networking session and how to ask for a referral if things go well

like

Any MBB folks down to give me feedback/advice on my resume? Also looking for a potential referral if possible. Only if you think I have a chance!

like

Anyone hiring in healthcare willing to refer?

like

New one here wanting to start taking control of my finances. Cleared $100K in student loans by 28. Got a new role with annual salary of $145K now. Next year I’ll be getting married and we’ll be pulling jointly over 260K +. Restricting my Roth contribution. I currently have a 401K (48K balance) and a brokerage (26K balance). I just opened up a Roth although I think this year would be the only year I can contribute 6K into it. Where else should I spread my money long term?

likehelpful

Fish, need advice. I received an offer $5k less than the lowest number in the salary range I provided the recruiter. Isn’t the rule of thumb to not move for less than a 30% salary increase?

Compensation discussion: any downside to bringing up the offer I have? Current compensation is $109 w bonus, offer is $125. I want to have the option of staying even if/when they say no.

like

Has anyone on an H1 gone through the Global Entry Interview? Care to share experiences?

I went T2>MBB and am thinking of going back to T2 because I prefer to aim for partner (MBB is not sustainable for me) rather than taking industry exit... Is this a dumb move? I’ll be dropping pay slightly but with better working hours one step below partner vs industry at ‘head of’ level...

like

What would make you choose a 3 person firm with less pay/benefits over a BigCo? I’m hiring in the new year and I’d love some thoughts from you all. Thanks!

like

My friend has an interview for a senior position at deloitte next week, could anyone please share how to prepare for it?

like

Anyone in Anthem’s Strategy Consulting (ASC) group that can give insight on the company, role, culture etc.

like

I'm looking to pivot from consulting into tech. I've gotten lots of interesting from tech companies on the ops side but am much more interested in product management. Any advice on books or courses to help make the transition? I'm struggling to land PM interviews at companies that aren't tiny startups :(

like

Laid off. Applying to jobs. Besides networking, what are the top job search platforms/websites? There’s LinkedIn, indeed, monster and Glassdoor. Anything else I’m missing or which is the “best”?

like

How long did it take you to get your job - from first interview to offer?

like

🐠's need Advise. I am tempted to move to another big 4 for better pay. Considering speaking to PPED regarding my compensation before making a decision. As a senior 2 earning 89K. Is that standard?

like

Pursuing a lateral move to Deloitte Consulting. Experienced Manager potentially 1-2 years away from SM. Expected comp? Tier 2 city.

like

Additional Posts

Hello fishes, How is the WLB, yearly hike, promotions in NTT data, HR told me that they dont give any bonus. How is the growth for SAP?

like

Anyone here who was able to assemble a standing desk all by themselves? Got one from Autonomous and I’m going crazy assembling this mammoth of a table. 🥺

like

Being given the option to do an exit interview as I leave my firm. Should I do one? I don't plan on airing my real grievances or the extent of them.

like

How long did it take to process H4 and H4 EAD this past year. My SO just got their EB1 denied after multiple RFEs. Now have to switch to H4, as the H1B is expiring soon. We’re applying for an O in parallel. Looking for advise or positive stories to stay hopeful. I have an approved I-140

like

When that dream project comes along, what are your tips/things you do to secure it?

like

Interviewed for an exec position with a small company and in the convo with the CEO (whom I would be replacing), she said "you're very young and there seems to be an issue with young people and work ethic." How do you respond to this?

likefunny

Any high risk high reward bets to play the Covid Vaccine distribution?

like

What's the best consulting firms for H1B folks who have studied masters in STEM here? Got a cousin graduating this fall and he needs to know H1B/GC policies.

like

Do PE funds with portfolio teams (Vista Consukting, KKR Capstone, Bain Capital, etc etc) - hire MBA summer interns? Is this a thing?

likehelpful

Hi Everyone! I’m torn between which HR certification to pursue (SHRM-SCP or SPHR). Which one would you recommend and why?

like

What are some good questions to ask a MBB partner during a networking session and how to ask for a referral if things go well

like

Any MBB folks down to give me feedback/advice on my resume? Also looking for a potential referral if possible. Only if you think I have a chance!

like

If you're analytics inclined (reporting, SQL, modeling) , about C and above and you were laid off, let me know . I can refer you to a job I was contacted for

Post Photo
like

Anyone hiring in healthcare willing to refer?

like

Asking for a friend - she is currently on H1B, and planning to rent out one of the room in her house via Airbnb, will it affect her future green card application?

like

Best benefits at BCG ? -Trainings ? -office parties ? -nice office snacks?

like

It seems consultants are either Starwood or Marriott loyal, but what are some other offerings out there that you’d recommend? (I’m SPG Plat)

like

New one here wanting to start taking control of my finances. Cleared $100K in student loans by 28. Got a new role with annual salary of $145K now. Next year I’ll be getting married and we’ll be pulling jointly over 260K +. Restricting my Roth contribution. I currently have a 401K (48K balance) and a brokerage (26K balance). I just opened up a Roth although I think this year would be the only year I can contribute 6K into it. Where else should I spread my money long term?

likehelpful

Fish, need advice. I received an offer $5k less than the lowest number in the salary range I provided the recruiter. Isn’t the rule of thumb to not move for less than a 30% salary increase?

Compensation discussion: any downside to bringing up the offer I have? Current compensation is $109 w bonus, offer is $125. I want to have the option of staying even if/when they say no.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.