Why do people stay in consulting?

Thoughtworks / Eng HGPk76
Nov 18, 2019 45 Comments

I’m about to accept one of the following offers. I know a good number of folks in consulting are quite capable of getting into these companies for atleast 2x their current pay.

Offers:
Linkedin: Staff Software Engineer, 200k base/180k rsus per year/ signon 50k

Netflix: 470k base

Google, Facebook pending

All offers SF bay area

TC: 170k

comments

Want to comment? LOG IN or SIGN UP
TOP 45 Comments
  • Fastmail / Mgmt mi gente
    Netflix 470k base ? Can you check?
    Nov 18, 2019 10
    • Netflix televisor
      Normal for Netflix. We pay top of market. It's a great place to make big bucks.
      Nov 18, 2019
    • Netflix nflxeng
      Yeah that compensation sounds about right.
      Nov 20, 2019
  • Palo Alto Networks fas12345
    Consultants have the chance to work on a wider variety of things than you’ll ever get at one company. Some of them don’t want to work for a company and all the politics that go with it.
    Nov 18, 2019 1
    • Thoughtworks / Eng HGPk76
      OP
      The variety in work swings both ways. Politics is everywhere!
      Nov 18, 2019
  • Thoughtworks / Eng HGPk76
    OP
    They pay only base salary and 5% stock options
    Nov 18, 2019 14
    • Thoughtworks / Eng HGPk76
      OP
      That’s what I gather. Headcount might be different but their spend on corporate roles is definitely less
      Nov 18, 2019
    • Netflix televisor
      Yep, that's very normal for Netflix. We pay a ton. No stock options, no gimmicks. Very professional company.
      Nov 18, 2019
  • Facebook public2
    Money, fun, hotel discounts
    Nov 18, 2019 6
    • Thoughtworks / Eng HGPk76
      OP
      I’m currently at Thoughtworks. 7000 employees is 24 countries so I guess midsized!
      Nov 18, 2019
    • Facebook public2
      Not a fan? Never known anyone to work in a niche consultancy. Why did you join a small one?
      Nov 18, 2019
  • Thoughtworks / Eng HGPk76
    OP
    I’m curious to hear from folks in consulting!
    Nov 18, 2019 1
    • From a business/strategy standpoint people actually don't stay in consulting. Lots of churn at associate/EM level. Up or out selection happens too. Consulting for 2 years is like a little medal that will be useful through the rest of your career (proof that you can interact at c-level and sustain high intensity work). Very few actually want to make a career in consulting.
      Nov 18, 2019
  • Pivotal zjne57
    I’ve found consulting to be great from a career building and networking perspective. Margins for consulting are low, often around 20%, so it naturally doesn’t pay that great unless you’re billing at $500/hr+. It’s also hard to “scale” your impact to your employer as you can only bill so many hours in a week.
    Nov 19, 2019 0
  • Apple
    babyboi

    Apple

    PRE
    Apple
    babyboimore
    Whats the work like in consulting and do you think it helped you with interviews? And will it help you at your next job?
    Nov 18, 2019 4
    • Apple
      babyboi

      Apple

      PRE
      Apple
      babyboimore
      Damn, maybe the path to high TC lies in consulting! What are good consulting companies to join? Would you recommend it for a new grad?
      Nov 18, 2019
    • Thoughtworks / Eng HGPk76
      OP
      So of the consulting companies are great for new grads. Thoughtworks is particularly good for new grads.
      Nov 18, 2019
  • Axtria BezoKaBaap
    Yoe? How did you prepare?
    Nov 18, 2019 1
    • Thoughtworks / Eng HGPk76
      OP
      I didn’t really prep much, about 10 LC and brushing up on some system design. I’ve also been doing this a while, 13 years.
      Nov 18, 2019

Salary
Comparison

    Real time salary information from verified employees