Related Posts
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
More Posts
Pro
Dropping $40K on NFTs pray for me
Bowl Leader
Additional Posts in Compensation in Consulting
Comp at AlixPartners and Alvarez... go!
What are Fdd Director salaries at KPMG?
Slaloms YOY increases at the consultant level?
Rising Star
Bonus for EY S&O?
Dolla dolla billz yo
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
What does your husband say? His perspective should be more important that ours here
You won’t necessarily work less hours in non profit. Most of the time, it’s more hours since non profits can be understaffed and underfunded. So keep that in mind as well
If you care about the nonprofit, volunteer in your free time and keep your job. Nonprofits are generally a mess.
yea, this is what I’m scared of - wondering if anyone has had experience working in non-profit and then pivoting back into for-profit if it wasn’t what they envisioned?
I would do what makes me happy if I don’t have financial constraints. Did you sign a prenup?
My thought is that if starting family is a thing you'd absolutely want to do, then it's even more important to follow your dreams now and see if it's a lifestyle and job you're happy with/you could sustain. Once you have kids, your life priorities will start shifting and your tolerance for risk will become much lower because you have to consider the welfare of more little ones on your family. You won't be able to move as much without disrupting your kids, you might not want to risk finding a new career and not knowing about the WLB, etc.
It also sounds like consulting isn't what you want to build your future around, so if your husband is supportive and your finances are locked down, might as well take the plunge now! 😄
Subject Expert
I would take the cut and do the job you love, especially considering you don’t have financial problems and have a supportive spouse. You can always pivot back to BCG. Your non consulting experience is also valuable
I really don’t see myself back in consulting 😬 have worked in a few strategy/ops roles post-BCG, but still not sure where to take my career long term. Maybe this is the right time to try something new at relatively low risk!
I would do it, you would barely feel the drop in HHI. Agreed there is some risk for future earnings / career but probably minimal if you have a solid background (which it sounds like you do coming from BCG). You can always bounce back even if it might be tough
My wife did something similar, income is now 500k+ from me, and ~80k from her. She used to bring home 250k+ in tech. Just one datapoint, She loves it, and I love her for it. We now also have a newborn and it’s amazing to see her have multiple passions in life. Was it mentally stressful for me at the time? Yes, but we had been saving and I wouldn’t have it any other way today. Was it hard for her at time when most of society tie your worth to how much you make? Yes, but a great therapy and supportive family goes a long way. Bottom line, talk to your partner, only the two of you can make this decision. And I’ve found that all “stressors” in life, be it a move, job change, kids, sickness, all just amplifies the good and the bad of how ones relationship already is w ones spouse. So this is as much a financial decision as a marital one
Thank you for sharing, your family sounds lovely 💕
I have one exemple in the environmental space as some business care about their carbon footprint and the NGO was about circular economy. In Europe though - where regulations is a strong push factor.
Full power to you to be able to think like that and take the plunge to do something you possibly love better but sharing experiences from a couple of friends (females and full disclosure I am a male) who have done this and over a longer period of time found it affecting their marital relationship (will not attempt to describe all the cause(s) as too many variables ) with the principal cause being the tilt of balance of power due to earning less. To both it did not happen immediately but over a longer span of time. And to clarify when they started (on the change) they were pretty good on even the reduced HHI but not necessarily very comfortable on savings.
My take: do it if its worth all the risks and the untoward directions this could go towards. And I certainly do not want to discourage