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Mentor
Former GS-14 and GS-15 here.
Coming from the contractor side, the only real benefits to being a fed are the stability and potentially the pension if you stay long enough for it to make a difference at retirement.
Even there, though, the pension isn't all that great and you could make up the difference by earning a high enough contractor salary differential.
All that said, I do plan to go back to being a GS for a few years before retirement just to coast and pad my comparatively meager pension a bit before retiring.
Hey. Did you exit gs-15 to your MD position?
I haven't updated my position here on fishbowl, but made the switch to GS 3 years ago and while I've had to switch jobs within the government, I'm so glad I made the move to the other side. I ended up moving up a few GS levels as well and love where I'm at now from a culture/workload standpoint. The job security is really nice, and I'm pretty happy with my pay as a GS-13 for now. Given that you're a veteran, you can always hop back to industry and can easily go to govt again at another point - the pay bumps coming from the govt are pretty significant depending on your area or expertise.
People jump back and forth all the time. I say give it a try.
But yes, eventually you will be constrained by the limits of the federal pay system if that is something that is of concern. I was a former fed and left Govt service almost 9 years ago. I will never go back.
From what I understand it would only be for stability. Contracting will pay more but can be volatile
“Contracting”
You’re a fed at heart, no doubt
Mentor
This is obviously highly subjective but unless you want to do a specific job that’s off limits for contractors, I have no idea why anyone would switch to GS.
Mentor
Yep that’s another very reasonable driver as well. Good luck on the job hunt.