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Me too, meek...me too
Any VP corp bank jobs out there?
Hi, I have been approached by GLG (Gerson Lehrman Group) for network expertise paid consultation. Wanted to check with this group if anyone has any experience of how is it like working as network expert? Also how does it work wrt to your employer, do you need to discuss this with employer to get any clearance to engage with them? Also how does it work from tax perspective, do you have to set-up separate company and hence tax code? Would appreciate inputs.
Additional Posts in Consulting Exit Opportunities
I have a year of experience out of college in engineering and consulting. I recently saw a business planning, Apple Music role at Apple that I feel like I’m a good fit for and was wondering if anyone would be willing to refer me. I’m passionate about music and am a producer during my free time and feels like this role sits at the intersection between music, tech, and strategy. If someone would like to chat a bit more about it, would love to reach out!
There is a correlation with the risk you are willing to take. 10m over 10 to 15 years would be very difficult in banking or consulting, unless you start counting after you make partner or you are a rainmaker.
High risk high reward, go for professional athlete, your own hedge fund, youtube star, unicorn startup founder
Why I’m still in consulting
Most money is made by people building mostly unglamorous businesses over time. Think car dealerships, retail, etc.
For professional careers - investing (hedge fund, PE, etc), investment banking, biglaw, consulting stand out (prob in that order).
Still doesn’t make sense ! Sorry guys how many cars do you need to sell to make $1M plus take home?
If I go 15k average car price , that equals to $10M in sales a year . The numbers just don’t add up!
Marry a rich dude from Dubai
Start your own company
Can’t get there earning wages. Have to own things.
Could easily do that in IB as a top performer at a bank and live an unglamorous lifestyle. MD comp, one step below partner at most banks, will definitely be close to $1 MM per year. Just have to hope we don’t have a huge financial crisis again that tanks banking stocks
Gucci makes sleds?? That must be a euphemism and I must be out of touch
My college roommate went to work a cushy 40 hr/wk gig in O&G and has been putting majority of take home pay into a Vanguard brokerage account.
He won’t have 10M+ by 15 years but he is certainly well on his way 2M+
I think we all could have $2M in 15yeaes, that’s why I’m trying to find out how people 5X that amount in the same time
WLB in IB and consulting as a partner/md level is largely comparable - both are senior counseling and sales roles. Not sure why you think consulting gets worse. Both are very hard working / high dedication roles with significant travel and entertaining after hours. If you want a 50 hour week, look elsewhere. WLB in below partner roles is worse in IB for sure. BigLaw is the absolute worst. Investing is best.
Either a specific set of private practice law firms (alternatively called “white shoe firms”). Or broadly, any law firms hat follow the so-called Cravath Scale for pay.
PE, carry can go a long way. Obviously it’s an outlier, but I have seen returns on investments of 50x+.
F500-1000 P&L VP or C Level. Can make VP in 15yrs from Undergrad or 10yrs post MBA but probably not the norm
Congrats
Buy some lottery tickets and say a prayer
Blue collar business print money if they are run properly. Paving contractors, HVAC, Plumbing companies, etc.
Definitely not the norm. I’ve spent 15 years as a concrete contractor, GC, and consultant in the building materials and construction space.
Quit. Start a business. Walk the talk.
Be a hoe
Please