Originally Posted by rtc831
How so? The travel does seem nice (I haven't traveled much in my life), but it seems that the job really takes a huge toll on your social life. Investment banking seems the same. I'm just having a bit of trouble figuring out some career options for me. I know I'd like to go into some sort of business/finance job. One of my strengths is with computers, which may be helpful?
I'm just jaded from having to deal with more politics and the likes than I'd normally have to and it's been burning me out lately.. but just in terms of the job:
- Entry level consultants aren't doing any breakthrough analyses and driving recommendations
- 95% of your time will be spent on powerpoint slides with a focus on aesthetics and formatting
- Expect to re-work a single slide at least 4-5 times as it gets passed around various levels of seniority, all of whom have their own respective input (read: opinions) on how the slide should look; the way a slide looks at the end is dictated by how senior the last person to have reviewed it is
- In terms of the actual content on the slides, sure, you may have some wiggle room in terms of what to put on it, depending on your manager and what kind of relationship you have with him/her, but for the most part, you're being told what the slide should look like and what needs to go on it. Essentially, you're just executing.
- Travel: this can be a tricky one, as I know people who absolutely love being on the road, my current project manager being one of them. But that's absolutely the exception and not the norm. I've been doing it for about 8 months now and while the travel itself isn't that annoying, it's the city you go to that gets to you. I've been going to the same freaking place for 8 months and to have a project last 8 months is very unusual for my group.. so I'm ready to start a new project.. yesterday
- Lifestyle: you're on the road 4 days a week, and this DEFINITELY impacts your quality of life. The fancy hotels and steak dinners stop making up for it, quick, especially when you feel like you're missing out on cool things to do with friends.
- Remember when you were younger and went on vacations, staying at hotels felt nice? It was a nice change of scenery and the rooms were nice, etc. Well that novelty wears off after you've done travel. Hotel rooms are boring, sanitized places that are designed to minimize the angst a traveling businessman must endure while he's away from home. Yearning to sleep in your own bed becomes a pervasive thought as you sleep on hotel beds with pillows that just aren't like yours back home.
Pay: for most consulting firms, an entry level analyst can expect to make base 60-70K with a signing bonus typically in the 5K range and an end of year discretionary bonus of up to $10K. So all in, it's a nice, lucrative job to have out of college, but most people stick around for a year or two and do something completely different after or go straight to B-school. You'll also save a SHIT TON of money by being on the road.. For the first time since my project started, we're allowed to work in our offices and not have to travel for the next two weeks, but I've already come to resent the money I have to spend on food, gas, etc everyday. It adds up quick. So you're essentially making another 5-6K a year by not having to pay for 70% of your food for the week.
What does it boil down to?
If you can break into consulting, by all means, go ahead and take the job. The pay and exit opps are worth it. But stop glamorizing all the travel (OMG FIRST CLASS UPGRADES AND $50 STEAKS FOR DINNER!) and just focus on what job really is: a springboard to an even more stressful job, but with higher pay