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Does Natwest bank pay as competitive as Morgan Stanley Deutsche Bank. I mean Associate in MS and DB ranges from 20 to 30 lakh. However when I tried applying to Natwest expecting 40% hike (30 lpa) on current pay of 21 lakh. They straightway rejected me and said its not in their budget. Is there any financial firm which can pay as competitive to Mumbai banks. Barclays Deutsche Bank Natwest group BlackRock
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31 F based in Chicago. Does anyone want to talk?
I'm looking to find a job like the Forward Deployed Engineer role Palantir Technologies in the UK.
I have become hooked on finding a job that involves solving the kinds of problems they presented during their interviews. Although I got to the final round my performance anxiety got the better of me (I think I wanted the job a bit too much...). I will reapply after working in a similar company.
Is it "deep tech" / "data science" or "smart enterprise" that they're doing? Any advice welcome.
Where is the best street to go bar hopping?
Any news on mid year promotions??
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Any exit opportunities in Tulsa, OK???!!!
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How is FTI compare to Accenture?
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Lol...no
In the grand scheme of things, and I know plenty of people within consulting in general and here on FB aren't gonna care for this, we consultants tend to have overinflated senses of our economic worth to companies.
There are probably literally thousands of directors at firms across the country who've put in 20+ years to make it that far and pull down $150k or whatever good, solid upper middle class income they make, yet we can slide into those roles often with less than half the experience, then turn around and complain about how low the pay is, completely disregarding the rarefied strata of society we're in just by making that kind of money.
Getting off my soapbox...I'd say it depends on the location and your long term goals.
If you're looking for a permanent exit to industry and it's not a HCOL area, go for it. $150 is a solid income and if you've got 20+ years of your career ahead of you, there's plenty of room to grow.
If you want to boomerang in a few years, probably doesn't make much sense unless you've got family/personal stuff going on that would benefit from the WLB.
Let’s be honest. Who wakes up in the morning and says, “Man, I am so glad I am a consultant!” I took a MASSIVE pay cut to move from being a managing director and equity partner to a corporate job. My circumstances were quite different; I had been a partner for over a decade and could afford to make the move. But I have to tell you, following your passion and showing up to work feeling like it’s something you want to do has tremendous value. Yes, it’s an old man talking here, but I’ve seen too many of my colleagues stay in an unhappy place, have their interests narrowed to little else than money, spoiling their relationships (with their teams, their colleagues, and their families). And by the way, the money does show up... in unexpected places and over time.
That's a significant cut. But if it's more like you make 300k now and you will make 250k, it may not make much difference. But 150k to 100k may very well. Also whether it's base or total comp.
I think people misuse the word WLB. If you’re ambitious and a top performer and you plan to maintain this, then a move from consulting to industry will not generally give you WLB. What I believe you get for a switch is predictability- more control over your time and availability.
We need some more details to give you a reasonable answer: compensation breakdown and where the difference lies; title change e.g. are you moving from consultant to Director?
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Reputation doesn't put food on the table
Exactly. All ego-driven decision making.
150 base for a Director in industry is crap. Bonus, Equity and Sign-on have to be way above average to make the package work.
OP is a Consultant and said 3rd year...I’m assuming theyre not at 300
You don't go from a consultant to a director just like that. There is more to someone's background than a title on the app. If you think I'm a consultant, you're grossly mistaken.
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Don’t do it. You will struggle to get back to 200.
If this is correct, why even consider the paycut to begin with. They clearly don't value your "skills"
Think roughly 200 to 150
Depends on your city, your marital status, and your lifestyle. If the job gives you a better WLB AND is an interesting job, I'd consider it.
Define reputable company.
No
Sounds inflated title with lower pay
Are these jobs in the same city, need to consider COL, benefits, etc. Basically need more dets before anyone can really help you. Could be worthwhile if it's work you're more interested in. Money is not everything
$150k TC for director seems low, I am below the median for my company and I am $360k in a high COL city (but not NYC or SF).
That said from what I've seen of industry there are three clear bottle necks in career progression, at Director, at VP, and at CXO. Most people can move up through analyst to SM or AD on auto pilot. There is a filter at the jump to Director, then you get passed along to Sr, etc but hit the filter again at VP and obviously most people don't make the c suite.
This opportunity gets you into that second level and past the first filter. You should be able to make more than enough money at the director, Sr director level to maintain a good lifestyle and you can leave the hustle behind.