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Remuneration and opportunities after consulting: the greatest disappointment

 
forum comment
#0 Remuneration and opportunities after consulting: the greatest disappointment
 
Tacitus
26.06.13 00:00
 
Dar all, I have a question for which I have not found an answer easily:[i]“How does it work after someone leave consulting and moves into the industry (ex client or not) in terms of compensation?[/i]After UNI, I have been working for 4 years in the industry; after which I joined McKinsey UK (junior level), took an MBA and joined a German Inhouse Consulting (more senior level and significantly better remuneration than McKinsey UK).I recently left the Inhouse consulting (my practice was dissolved) and investigating opportunities in the industry. [u]To my disgust, I find only 2 scenarios: [/u]1) I get significant amount of rejections (ex clients or not); mostly because of lack of years of experience in the specific job role: the industry prefers rather to promote the cleaning lady from bottom than hiring an ex consultant (interesting because when you were working as a consultant they would “fly over” the experience side and rather look at the “solve my problems now” capabilities).2) If I get to the interviews I find out the job positions offer from 30 to 40% lower than my last salary. In other words I could have avoided spending 4 years of a hell of a life at 75 hours per week and I should have just remained in the industry: my ex colleagues are anyhow making the same money now.Unfortunately, given the two points above I either remain in the consulting or accept lower salaries... Or maybe I should relocate do Dubai.I stay with these big question marks:Has anyone got similar experience in merit? Can this be common practice?What am I missing in this whole situation?Thanks and good post-consulting challenges to all.
 
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#0 RE: Remuneration and opportunities after consulting: the greatest disappointment
 
Bushy Eyebrow Partner
26.06.13 00:00
 
Sadly, that's just how it is sometimes...People go into consultancy thinking about "exit opportunities" only to find out they've endured a heck of a lot of grief for virtually no gain. This industry relies on recruiting new grads, chewing them up, then spitting them out.My suggestion is to look for a job that pays a good rate for the hours worked, and to realist that the reason you got a 30-40% premium in your other job is because of the working situation you had to endure.Think of it this way, rather than losing salary, you're gaining a refreshing new life.(also the correct grammar is "industry" not "the industry" unless you're referring to a specific industry area like manufacturing)
 
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#0 RE: Remuneration and opportunities after consulting: the greatest disappointment
 
Yellow1
26.06.13 00:00
 
Have also seen a bit of this but it depends how much of a generalist you were vs having some kind of functional or industry specialisation.e.g. if you had spent 6 years doing strategic sourcing work at ATK you'd probably be in with a good shot at a decent procurement role in industry but if you did all sorts of stuff across different industries clients might find a hard job of slotting you into their organisation unless they have an in-house strategy team, which many do and pay quite well (comparable to consulting). The latter sounds like what you should be targeting.
 
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#0 RE: Remuneration and opportunities after consulting: the greatest disappointment
 
Mr Cool
26.06.13 00:00
 
Tacitus - I can only assume you are a troll deliberately trying to wind people up...If this Isa serious post then I know exactly why you are getting the response that so disgusts you.
 
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#0 RE: Remuneration and opportunities after consulting: the greatest disappointment
 
Tacitus
27.06.13 00:00
 
Why would I wind people up?
 
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#0 RE: Remuneration and opportunities after consulting: the greatest disappointment
 
Bushy Eyebrow Partner
27.06.13 00:00
 
Hehe, this is an interesting thread. I actually sort of think he has an eloquent way with words. There is something about that slight hint of arrogance that I find very charming. In part, I think it is because English is not his mother tongue and some of the subtleties of his particular choice of words may have misconstrued the sentiment behind what he is saying. But also, it is because I can empathise with the guy's situation. I have no doubt at all that the working hours he has had to endure justify at least somewhat his feelings of entitlement to a good salary post-consulting, and that his sense of disappointment is not entirely without fair cause. I also particularly like his interesting insight into the world of consultancy and our value as individuals - "industry prefers rather to promote the cleaning lady from bottom than hiring an ex consultant (interesting because when you were working as a consultant they would “fly over” the experience side and rather look at the “solve my problems now” capabilities)"Absolutely brilliant. Come on Tacitus, we want to hear more from you. :)
 
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#0 RE: Remuneration and opportunities after consulting: the greatest disappointment
 
Tacitus
27.06.13 00:00
 
Thanks, I am glad you like my comments.and no: English is not my mother tongue; yet I believe in what I write. I have gotten rejections from potential interesting positions, because the positions themselves were mostly fakeYou may be astonished to see how many positions industry gives to cheaper internal resources (hence the cleaning lady), rather than consultants.Sorry. I know reality in this sense can be disturbing, but I do not want to pretend not to see and be falsely optimistic. I am frank in my comments.However I personally find it a good way to get cheap resources.A business is, what it is capable of doing and what the [b]other businesses LET it do what it does.[/b]If it can still make money with cheaper or less efficient people and they believe this money is still good for the CEO to buy one Ferrari/year, warum nicht?
 
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