What’s your take ? Does working for a consulting company like Accenture , booz Allen, PwC look bad on your resume if you want to switch to a FAANG or other big companies outside of consulting ? #tech Role data engineer (cloud data engineer )
best to own stocks
Lol
Big 4> sweatshops but tbh they are pretty similar
Make it a poll? Also, maybe include your field(swe/sa/csm etc)
Seems it’s a way to eventually get to FAANG if you can’t get in directly. But it’s treacherous: if they don’t like you, you go into the dustbin soooo fast!
Yes working for consulting firms is a way to get to FAANG. But in general technical consultant experience is not as highly valued to those companies because for some reason people assume technical consultant don’t code and assume they are the same as regular consultants. Without question it is better to be an employee not a consultant if you are a developer. I’m currently a tech consultant, in the process of leaving for a FAANG company. In my experience Technical consultants are underpaid drastically compared to their FAANG peers and some peers within the same consulting firm, usually compared to more traditional consulting business lines such as strategy, management, etc. Projects can be boring, and can use dated tech stacks due to clients inability/lack of desire to change. Some projects require long hours that aren’t necessarily productive. And there’s almost always an offshore team that throws off working hours. Promotions are also slow and are a let down. I’ve been promoted twice in 3 years and received 20% pay increases for base. Both promotion years I also received a 3% performance bonus (~3k), no RSUs. We also received a company wide bonus randomly during the pandemic but it was just quarter of a monthly payout.(~2k) Why are we paid so terribly? Consulting firms primarily make money off charging your hours to clients as a service, unlike FAANG and other traditional companies that make money by offering products and services they have built. To make money Clients are charged an hourly rate for your services that is more than your base salary- usually 2x. This effectively pays your salary and the remainder compensates the company for any bench time you might charge the company and bench time your peers charge. The upside to this from a consultant standpoint is you can get paid to do nothing from time to time (referred to as bench time) but this is not desirable early on if you want to be promoted up to L9 at Accenture. Depending on your department your changeability requirement could be 50% - 70%. The downside is, if you’re 100% chargeable meaning you’re always on a project, your worth to the company is 2x your salary but you’re only paid half and promotions don’t make up for this. The end game of being at a consulting firm is to become a managing director, at which point you get a ton of RSUs and the pay is nice. But it takes a lot of time, at-least 10 years for home grown employees from analyst level. Consulting firms are sales firms at the end of the day. They only stay in business by selling the need for their services to clients by proposing new ideas and ventures or simply by doing work no one else wants to do. To succeed and get paid really well you’ll eventually start focusing on selling projects to clients and staffing them with a team of developers, business analysts and other managers that you build from connecting with others at the company. You’ll rinse and repeat this process till you’re not actually working on a single project but many at one time. If this sounds great, become a consultant otherwise stay away.
Made it a poll. Thanks for all your comments
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