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Increasingly difficult to hold on to both....
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Everyone is a VP in banking
It’s close depending on the consulting firm and industry. Many Deloitte SCs exit to tech client at SM level. And Deloitte SMs have exited to director level.
Many industries have 2-3x the titles compared to B4/MBB
Yeah it’s all a hodgepodge. MD at Deloitte historically was the “same” level as Partner (2 dif tracks) but now I’ve been seeing MD -> Partner 🤷
Not for us, but banking is the king of title inflation, so other industries may align.
Love all the “VP” titles in banking 🤣🤣🤣
1 shows up to meetings the other one does not
Absolutely not. Not in most places anyway. Senior consultant is still very early career. Senior manager in industry is most often a lot higher.
At my F500 pharma, big 4 consultants typically come in at senior manager level
I mean this is kind of a poor question. You can’t just generalise “industry” as if levelling is all the same everywhere. It would be more sensible to find specific examples of firms you’re interested in and gauge the hierarchy/number of levels and the experience of people at certain levels to get a rough idea. Likewise a senior consultant at some consulting firms could still be fairly junior but look at the exp required at each level
Depends entirely on the industry. A senior manager in commercial baking is more like a manager in consulting.
They don’t have SMs in banking. Those are called VPs and you can be locked at that level forever. Not all VPs in banking are the same, they can be making anywhere from 110k-300k. Depending on companies, an SC an be equivalent to a Manager and I have seen PLs exiting either as SM or junior Director. I have also seen someone exiting as Manager to VP at JPMorgan and they took a pay cut just because they desperately wanted out.
I think you over simplified it. We have multiple titles (corporate and functional). My corporate title is SVP and Director, but my functional title is Senior Product Manager, so what you said doesn't necessarily hold true "No SMs and SC=VP".
That said, it's complicated and varies wildly. Our job posts don't typically include the corporate title and the corporate title has little bearing on pay, so it takes some intel to know what a title really means here. If you're on the outside, it's best to ask someone here to figure that stuff out.
As a banking adjacent firm, we would bring SC’s in as Associates and SM’s in as D’s.