Addressing the Dreaded "Pigeonhole"

Slow day in the office, thought I'd wax pedantic. I read a lot of folks on here trying to avoid xyz industry or city to avoid getting "pigeonholed". They seem to think that maintaining generalist status as long as possible (i.e. maintaining optionality) is the end-all-be-all goal of a successful career. Seems to me like a natural extension of a tech-high generation -- including me -- that fears commitment like getting married, having kids, buying a house... or picking a specialization.  

From my perspective, as someone who jumped headfirst into one of these "pigeonhole" industries, I'm so grateful I did. While my peers are still surface level across multiple industries, I have several years of knowledge that helps differentiate me. And to the extent I can be the very best [RE, O&G, mining, specialty finance] analyst out there, I feel like I'd be competitive for the remaining seats if my industry has layoffs. 

Just something to think about. Maybe commitment isn't all bad...        

 
Most Helpful

I think you guys are all looking at this the wrong way. You have identified the wrong "pigeonhole". Here's my take: 

A company (any company, any industry, doesn't matter) has chiefs (management) and indians (associates and analysts). The hardest pigeonhole to break is going from indian to chief and becoming a people manager. I would posit that this is especially true in consulting (all kinds) since being an indian makes you a valuable resource (e.g. billable). How do you become such a deeply-technical and skilled individual (or your definition of a pigeonhole) and then convince someone that you're ready for management for that next step in your career? That is a very, very hard thing to do, extremely difficult to break out of that pigeonhole. You'll have a ton of skills but little experience leading large teams and you'll also be asking to lower your utilization rate for the company . . . very little incentive exists to make you a manager at that point.

So the trick is to find a role where you're happy and can specialize while at the same time develop leadership skills that are going to help you in later parts of your career. Otherwise you'll always just be a billable asset and that is the worst pigeonhole to be in.  

 

I dont think this is completely wrong, but I think you underestimate that top consulting firms want to retain their top talent, and come to the realization that high performers want to get into a managerial role asap. Top junior consultants have outperformed their peers their entire lives, they arent about to take their foot off the gas as 25-28. Most good consulting firms pair every consultant with an internal manager who helps you identify when youre ready to make that jump, and to identify opportunities to do so. Additionally, your immediate project teams will recognize when you are nearing the next level, and will give you flex opportunities to take on more responsibility and leadership. These opportunities start as early on as one year out of UG. 

Additionally, even when you move to the sales side, you still generate revenue for the firm by being billable. You dont immediately go from work horse to pure oversight, the transition is gradual, and at the beginning you are mostly still a work horse. Managing and selling work start as early as at the consultant / senior consultant level and your success and capabilities determine your timeline to a managerial role.

I think you are taking SPYShorts point, chewing it up, and spitting out a completely different perspective. Of course, nothing wrong with it, but it doesnt really add or detract from OPs point. 

OPs thesis is find an industry and stick to it as early as possible to develop the deepest level of knowledge and expertise, which will allow you to be sought after within that niche more rapidly than your industry agnostic collogues. 

Career Advancement Opportunities

May 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Overall Employee Satisfaction

May 2024 Consulting

  • Bain & Company 99.4%
  • Cornerstone Research 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • McKinsey and Co 97.7%
  • Oliver Wyman 97.2%

Professional Growth Opportunities

May 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Total Avg Compensation

May 2024 Consulting

  • Partner (4) $368
  • Principal (25) $277
  • Director/MD (55) $270
  • Vice President (47) $246
  • Engagement Manager (100) $226
  • Manager (152) $170
  • 2nd Year Associate (158) $140
  • Senior Consultant (331) $130
  • 3rd+ Year Associate (108) $130
  • Consultant (588) $119
  • 1st Year Associate (538) $119
  • NA (15) $119
  • 3rd+ Year Analyst (146) $115
  • Engineer (6) $114
  • 2nd Year Analyst (345) $103
  • Associate Consultant (166) $98
  • 1st Year Analyst (1048) $87
  • Intern/Summer Associate (190) $83
  • Intern/Summer Analyst (552) $67
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”