Some former colleagues at Manager level at B4 left for IB jobs where they joined as Associates. Not sure they got a pay-cut, it’s likely though, but definitely a Title/responsibility/leadership cut in my opinion. How do you feel about either pay-cuts or title cuts when transitioning industries? Does it worth the “cost(s)” if it is really the role you want to move to? (Looking at a possible exit opp, but most likely A or SrA. role at IB boutique, not higher)

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

Life is a marathon not a sprint. They probably chose based on long term gains and not short term loss.

like

No they won't get a pay cut. As associates, you are managing the analyst, reviewing and explaining the models to VPs and MDs. I would say the responsibilities shifted but you are still managing folks.

Depends on what you wanna do. If you want more money, it's worth the cost (late hours). If you value wlb, stay away from IB

like

Most likely they are not leaving for a pay cut unless it’s a no name boutique

like

Assoc IB making lots more than M at B4

like

As a first year IB associate I’d expect their comp to be $300 - $350 all in (lesser known boutiques / jobs in smaller cities will pay less)

like

If you care about minor title differences across industries then IB is actually perfect for you. You can go straight from Associate to ✨Vice President✨ lol. In terms of salary, a typical mid-high performing Associate can clear $250K TC. Going off a whim and assuming you are a pre-MBA manager, this would likely not be a pay cut for your peers, maybe even at the post-MBA level too :).

like

IB is offering $200k guaranteed bonus right now. The market is hot. More $$.

Are they moving to IB from consulting via an MBA?

I like the overall optimism. Thanks for the feedback.

They def didn’t take a pay cut

Related Posts

What should i go for TCS 9.5Lpa or Rategain 11.5 lpa

like

How much would you expect a AD of forecasting at big pharma to make? Glassdoor says 161 average but that feels low to me.

like

I have cleared all the round and now salary discussion part is left in @IQVIA. What is best I can ask for the position of Lead Software Developer. I have a total of 6.3 yoe and 1 more offer from Prodapt Solutions Private Limited for 20.5 CTC. IQVIA Novartis Infosys Capgemini PwC Tata Consultancy Accenture IBM Cognizant

like

What is good salary expectations in Abu Dabi for IT employee? Company name @bespin global

like

I have cleared technical interview at @EXL and have also given another round of interview with VP.

Q1. How long does the VP round feedback take normally?
Q2. What are the next rounds/discussion to expect if I clear this round?
Q3. What is the level and salary that I should expect for a BI developer role at 6 years experience?

Anything else that I should keep in mind during the interview process that helps me land better role/salary? TIA.

like
like

If you are leaving your firm and putting in your two weeks notice, what should be on your checklist to make sure your transition is the smoothest, both for you and for the firm you’re leaving?

like
like

Hi Fishes,

I am currently having an experience of 3 years. I want to get into Data Science field. Have been preparing with the concepts mostly through self study. Will I get a job without any experience in Data Science field

like

Is exp hiring easier than through college/mba? I assume there might be less competition but more self selection and less spots

like

Anyone have the CFF from the AICPA and willing to share their studying/exam experience? Curious about required effort, study plans, exam structure, overall opinions of the cert. Thanks!

like

Can I get permanent wfh in wipro for mainframe. Working mother. Yoe 7 years. offered position team lead b3

like

Hello all, I’m planning to get a masters degree, but I’m not sure what should I get. I need something that’s going to get me to 150-200K/Yr range. Please tell me about your thoughts and experiences. If anyone is making more than 140K/yr let me know how do you do that? 😂

likehelpful

How much should a Senior Art Director with 6 years of experience make?

like

Hi fishes, does anyone completed PGDM. Is it worth doing? How about added advantage in IT industry of it?

Bain & Company To consultants at MBB’s, Roland Berger, OW, Kearney, Arthur D.Little. When does the openings starts for Junior position.
As I’m checking out for vacancies, I can’t see any at the moment. Usually there’s a timing for when do they open. Any idea? Bain & Company McKinsey & Company Boston Consulting Group Kearney Roland Berger Oliver Wyman Arthur D. Little Limited

like

Hello friends, need referral for EPAM Anywhere with 7+ yoe. Please anyone revert, so that we can talk further. Thanks in advance.

like

I am having 5.5 yoe Data engineering (Pyspark, hadoop, hive,flume, shell script, hdfs, mapreduce,sqoop , pipiline framework)

Cctc: 22.5 lpa
What LPA I can expect in my next switch?

like

Hi Fishes !!!

I'm looking for a job referral for an entry level project management and market research job profile. I have 10 months of experience and available for immediate joining.

like

More Posts

Tips for desk research heavy projects (lots of reading, processing and synthesising information): how do you do it? Are certain meds better/worse? Modafinil feels better for reading and processing info but stimulants better for focus and executing tasks.

like

I live in NYC and recently started interviewing for positions in VA. On average, the offers are higher than the ones I’ve received in NY. I have 11 years of experience, worked for Google, AOL and a VC firm. Does tech companies in Northern VA provide higher comps on average vs NYC?

like
like

Any thoughts on plaintiff side bankruptcy law practice? Growth potential, pros/cons? Interviewing with a firm doing ch. 7,11,12,13.

like

Is it right time to join adp on Feb 2023, by leaving current company.

like

Big 4 highest tier sr consultant offer of 115k and 5k signing bonus? Trying to negotiate base but being told base will not change. Thoughts?

like

Got to know that the current hybrid work policy (3 day wfo and 2 day wfh) is valid till december only, post which everyone is suppose to work from office.. is it true?

like

What should I start watching next: Tiger King or Ozarks Season 3?

likehelpful

Best way to find work in the US without MBA or company transfer? (As a foreigner)

like

I love my SO. We’ve been together for nearly a decade and are talking marriage. I know being with him though will require living far from my family. I love my family and dread the thought of being far from them. My SO has been transparent about wanting to return to his home country. I don’t want to lose him but I also dread being far from my family. What’s the right call here? Fwiw he’s lived in my home country for about a decade now but has been able to visit his pretty easily (cont)

like

Hello Fishes,
I've been working on Appian for the past 2 years. Could you please let me know if it has scope and what certifications can I do to further enhance my career?

like

Off the topic.. being in IT field and living in Bangalore, what do you think is best renting a house or opting for a home loan and paying similar emi for 20 years?

like

Hey Guys, Any hackathon ideas for a fintech organisation?

like
like

I am a technical writer with 2.8 years of experience currently earning 20LPA am I being underpaid?

likefunny

About to join BNY Mellon this month pune location as a Technical Lead. I am eligible for bonus in Jan 2023 or not ?

Anyone else heard of layoffs at Accenture Digital in January?

like

What's going on this weekend? Any fun holiday shops or pop-up bars I could check out?

like

Hi, is there a buyout option in TCS? Is it possible to reduce notice period to 30 days ?

like

Additional Posts in Consulting Exit Opportunities

Thoughts on accepting an offer at another consulting company with a pay and benefits cut? New company is a smaller firm, so there is potential for a better WLB. Same location

like

Life / Career Advice: I applied to medical school since my MCAT score was set to expire, ended up getting into 1 program. I also have an opp to join a well funded/well established Healthtech Startup (6 figure salary w/ equity + benefits) as a BD professional. I enjoy the business side of things and am unsure if I would end up practicing Medicine (medicine is also a long arduous path). At the same time, having an MD holds a lot of clout/authority in HC. Any thoughts on what I should do?

like

Any good tech/faang type business jobs in Chicago hiring? At B4 now

like

If I leave my consulting role and move to a recruiting role at Accenture for a year to build skills, will it be hard to go back into a tech role? I have experience in Change Mangement and Project Management, but I temporarily want a change. Eventually I want to move to a role at FAANG

like

Why do people who left consulting never come back?

like

Does PwC let you use your own card for business travel?

funnylike

Accenture just provided notice for mandatory vaccine and required to provide proof of vaccination

likeupliftingfunnysmart

Got two offers that I’m thinking through:
Context: 2 YOE, San Francisco
1. Consulting - 150k, fully remote, stagnant growth but easy to make a ton of money and get promoted, would probably move to MCOL if I take this role
2. Big Tech - 165k, in office role and opportunity to learn a lot and grow, great team and benefits

like

Anyone have any experience interviewing for/working for any of the Blue Cross insurances?

Is Deloitte Consulting better than ZS at Manager level?

like

Anyone work for Nevro Medical Device Company before? Can you tell me what the culture is like and if they have career growth opportunities for Senior Analysts?

like

Any tips on Apple Global Supply Manager interview process? How to prepare for interviews after HR screen? Second and third round?

like

If you’re applying to a company that was a client of yours, how do you disclose that (if you’re even able to?) Assume I shouldn’t be mentioning their company in my resume?

like

Would switching from S& to LEK boost, hurt, or not change exit ops to PE/ PE ops/Corp dev & strat roles? Also looking at benefits of not having independence and utilization requirements. Thanks!

like

When people refer to e-commerce exits they are typically referring to platforms like amazon. If I’m more interested in working for an e-commerce store/seller rather than a platform is there a better term for this so I can research better?

like

AbbVie just posted Director of Innovation role. Does anyone know about this team? Seems like a good exit opportunity but would like some inside scoop.

like

What comp range should I expect for Facebook PMM roles? (2 YOE post MBA, 7 total)

like

Which burns bridges less with an organization you’re in interested in, but for which the timing isn’t great? (Con’t)

like

About to start my first PM job! Any tips to be prepared and ramp up quickly? Books to read, courses to take, etc.. any tips are appreciated! Currently in ops consulting. No tech background.

like

Sometimes I feel like I over prepare for these interviews in that I prepare for the wrong thing. Expected to throw down some answers to technical questions and it ended up all being culture and fit related

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
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

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal