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Strategy & Corp Dev. vs. New Consulting Firm

 
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#0 Strategy & Corp Dev. vs. New Consulting Firm
 
necmergitur1985
22.02.14 00:00
 
Hi all,I am a Jr. Manager with a leading management consulting firm, based in Chicago. I decided to leave my firm for a variety of reasons, and have the following options:1) Strategy & Corp. Dev. at a PE-backed company (~$500M in revenue). Small team (~4), all ex-McKinsey, reports to CEO.2) Go to a similarly-prestigious competitor. Same role.All three options have similar pay (ca $200K all-in), though the long-term pay is obviously very different. A few questions for you guys?1) If I take option 1 , how difficult would it be to go back to consulting down the road? Any experience of people who have gone corporate and back?2) If I don't "want to go for partner", do I have much to gain by going after option 2? As in, better exit options down the line?3) Any other thoughts/considerations from people who have made the jump, temporarily or permanently?Thanks!
 
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#0 RE: Strategy & Corp Dev. vs. New Consulting Firm
 
necmergitur1985
24.02.14 00:00
 
Anybody?
 
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#0 RE: Strategy & Corp Dev. vs. New Consulting Firm
 
marsday
24.02.14 00:00
 
What was option 3?
 
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#0 RE: Strategy & Corp Dev. vs. New Consulting Firm
 
necmergitur1985
24.02.14 00:00
 
Ah, yes, Going the Equity Research route. Not sure it's really on the table anymore...
 
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#0 RE: Strategy & Corp Dev. vs. New Consulting Firm
 
marsday
24.02.14 00:00
 
1) If I take option 1 , how difficult would it be to go back to consulting down the road? Any experience of people who have gone corporate and back? A) Of course you an go back, but its unlikely you would want to. It gets difficult because your experience will broaden out very rapidly, and you'll become too wide (perhaps too goo) to move back into a pigeon hole within consulting. 2) If I don't "want to go for partner", do I have much to gain by going after option 2? As in, better exit options down the line? A) No. If you aren't focused on partner track you will be counselled out. 3) Any other thoughts/considerations from people who have made the jump, temporarily or permanently? A) Small team, all ex McK, reporting to the CEO directly, and backed by PE. This is a dream job for many. Clearly they take this role seriously - and will invest in building an A Team for it. PE in the background - translates into very, very results orientated, proactive culture, but PE funds these days are looking for longer returns so this counterbalances what used to be the worst excesses. Once you start working with PEs you wont want to go back into consulting.
 
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#0 RE: Strategy & Corp Dev. vs. New Consulting Firm
 
necmergitur1985
25.02.14 00:00
 
Thanks -- this is helpful! I suppose I am just nervous about the compensation trajectory in industry vs. consulting, but I'll go back in a couple of years if money becomes the issue...
 
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#0 RE: Strategy & Corp Dev. vs. New Consulting Firm
 
necmergitur1985
26.02.14 00:00
 
I took the job -- CEO presentation next week already!
 
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