Consulting

Switched to industry a year ago and received annual comp statement...4% raise and 3% bonus LOL. Was a high performer and manager presented it like I was supposed to be happy.

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works at

Then go back to consulting. This is what you signed up for by going into industry and why you should always negotiate for a base based on your consulting salary projected at least 3 years out

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Why are you surprised? This is pretty standard in industry especially if you’re not in a sales type role or a high-growth industry.

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I knew what I was getting myself into switching to industry. Just found it humorous how much of a difference there actually is.

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And folks in consulting complain about 5 to 7% raises, get frustrated, and jump to industry expecting the grass to the greener despite everyone saying that's not the case. We get spoiled sometimes and lose perspective.

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For additional context, I still don’t regret the move at all, I’m much happier in my role now both in terms of doing more interesting work and less hours.

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uplifting
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Pick a different industry or industry firm. Find something up-and-coming and high growth. I've always preferred mid-sized firms as they have the resources to pay well (drawbacks are maybe less glamorous team outings or not a super fancy office) but I don't get crushed by the bureaucracy. I've averaged ~7-10% raises in non-promo years and currently have a 15% bonus target which I think is decent for not consulting

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What industry and role?

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If you are moving to industry - you need to negotiate a great base salary . You can’t base it on hypothetical bonuses in a new gig

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I thought they paid more in industry? At least my managers complain about our client counterpart salaries vs hours they actually work

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Base salary may start off more, but growth becomes stagnant

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Me too and I got a 15% raise and 10% bonus. Maybe you chose the wrong industry/ role?

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