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Reasons for moving to Management Consulting from Industry
POSTED ON 26 Apr 2021
If you’ve been working in consulting for over three years you’ve probably had the occasional thought of working within industry at some point (most likely while working at midnight for the 2nd time that week).
Having previously recruited within industry ranging from FTSE 100 companies to SME’s for 5 years and focusing in consultancy, I’ve heard all the ups and downs and can reveal how it actually compares to consulting!
Every corporation I’ve recruited for states they have a great culture on their website, but in reality that’s not true as I don’t think I would have a job otherwise! What I’ve noticed is there’s a direct correlation between culture and profitability. When a company is operating on low margins they try to squeeze everything they can out of staff and in return the culture suffers. This is why consulting is desirable due to the culture vs work balance & compensation
When working in industry the brand significantly impacts your interest in the work, due to the vanilla nature of the work, which isn’t the case with consulting. Boutique consultancies can still provide long-term interesting work while within industry things can get boring pretty quickly!
When it comes to progression nothing beats consulting, it really is a meritocratic environment. When interviewing within industry be sure to see how large the teams are, check on Linkedin employee career progression vs what you’ve been told, and how long people stayed before moving to a competitor?
One thing you might not have noticed is that consultants all seem to get along well with their colleagues. Typically they all career driven, incredibly motivated, have strong communication skills and are able to adapt to a variety of scenarios which reduces workplace friction (but I imagine not entirely). This isn’t always the case in industry, sometimes you find ‘Barry’ has been doing the same job for 20 years and won’t change unless you can prove he’s wrong, but is always too busy.
So before you think industry is the answer to all your woes, feel free to get in touch and tell us what your looking for to see if we have a consultancy which works for you!