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MBB --> what next?

 
forum comment
#0 MBB --> what next?
 
necmergitur1985
01.08.13 00:00
 
I am a Manager at one of the MBB in Australia and was told in no uncertain terms that I wouldn't get promoted to the next level, mostly for political reasons. I have a couple offers the table, and would love people's thoughts:1) Another MBB (Associate). So stay in consulting but go back one level...2) Tier-2 consulting firm (Manager-level) - one of ATK/OW/Booz, so just a notch below MBB. So keep same level but go downstream. Fast-growing practice area within the firm3) Industry (Director of Strat). For a Fortune 100 companyThoughts? Comp for all of these is same as my current level (more or less), except another MBB which is less.
 
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forum comment
#0 RE: MBB --> what next?
 
CONnedsultant
01.08.13 00:00
 
Option 4 non of the above...Why not work for yourself...
 
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forum comment
#0 RE: MBB --> what next?
 
alexandermeerkat
01.08.13 00:00
 
No brainer - option 3 Everything else looks like a downward move. That's the only sensible option in there. Plus, let's be honest it sounds like you've hit a wall in consulting why not try industry ... Surprised you need to ask tbh ...
 
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forum comment
#0 RE: MBB --> what next?
 
MikeTC
01.08.13 00:00
 
Manager at MBB in Australia straight to director in a Fortune 100?Is that a normal move? Seems extreme. How many years does it take to make manager?
 
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forum comment
#0 RE: MBB --> what next?
 
cloudnumbernine4u
01.08.13 00:00
 
it looks like both paying the same..so the title of director..does it really matter?
 
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forum comment
#0 RE: MBB --> what next?
 
necmergitur1985
01.08.13 00:00
 
Director of Strat. is pretty typical for an EM/PL leaving MBBYou are not THE Head of Strategy, just a Director in the Strategy group.Comp for those roles is usually $145-$175K base + 20-30% bonus, so just about the same as in MBBProblem with Industry is that upward trajectory is limited. Within ~7 years, I'd rather be a Partner at MOW/ATK/Booz pulling in $800-1000K than an SVP at a firm pulling in 400-500K...
 
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forum comment
#0 RE: MBB --> what next?
 
MikeTC
01.08.13 00:00
 
[quote]Director of Strat. is pretty typical for an EM/PL leaving MBBYou are not THE Head of Strategy, just a Director in the Strategy group.Comp for those roles is usually $145-$175K base + 20-30% bonus, so just about the same as in MBBProblem with Industry is that upward trajectory is limited. Within ~7 years, I'd rather be a Partner at MOW/ATK/Booz pulling in $800-1000K than an SVP at a firm pulling in 400-500K...[/quote]Yea, would be awful to end up a SVP on half a mill.Real world problems :-P lol
 
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forum comment
#0 RE: MBB --> what next?
 
necmergitur1985
01.08.13 00:00
 
...and there's no guarantee you'll get there that fast in industry. I'd say 400-500K requires 10+ years post-consulting, vs. 400-500K in another 5 years even at OW/ATK/Booz
 
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forum comment
#0 RE: MBB --> what next?
 
Bushy Eyebrow Partner
02.08.13 00:00
 
personally i'd tone down the expectations a little... if you're after CA$H (and lots of it!), how about a bank?
 
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forum comment
#0 RE: MBB --> what next?
 
Bushy Eyebrow Partner
02.08.13 00:00
 
Or maybe Director of Strategy at Castle GreySkull. (you "master of the universe") ;)
 
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forum comment
#0 RE: MBB --> what next?
 
cloudnumbernine4u
02.08.13 00:00
 
Lol.......
 
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forum comment
#0 RE: MBB --> what next?
 
DCF
03.08.13 00:00
 
Second BEP comment. Why do people always get so hung up on some theoretical ceiling or maximum in a particular field? Let's be honest now - it's not something most of us will ever have to worry about. Sorry folks but that's fact - hierarchies are always some form of pyramid (no matter how wonky) and income distributions have a long long tail above the median. So there is a lot of competition as you progress, for fewer and fewer positions.Is everyone like this, or is just us consultants, so used to a 'jam tomorrow' model, thinking about 'exit options', dreaming of El Dorado, that we are unable to live in the moment and evaluate something its intrinsic merits - here, now?
 
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forum comment
#0 RE: MBB --> what next?
 
alexandermeerkat
05.08.13 00:00
 
IMO you will NOT make partner in 7 years if you're being held back now? Surely if you're that good the current issue wouldnt arise, politics or not ...
 
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forum comment
#0 RE: MBB --> what next?
 
Bushy Eyebrow Partner
05.08.13 00:00
 
yes, agree entirely with DCF about the "jam tomorrow" thing. this has got to be just about the only industry where people take a job and spend more time assessing the value of its exit options than the value of the job itself. no wonder this industry is full of waifs and strays
 
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