At what stage does consulting become more lucrative than tech?
Does a salary in consulting ever eclipse a similarly tenured software engineer/tech employee? I've heard tech tends to offer larger salaries immediately out of undergrad, but career salary growth isn't quite what it is in consulting. Is this true?
~Junior Partner onwards.
Very hard to get to the ~$700k+ level in top tech. That translates to a senior staff/principal level individual contributor or senior engineering manager/jr eng director on the management side.
Few people in top tech break past senior engineer/staff engineer on the IC side and team lead/eng manager on the management side. Translates to ~$250-600 comp which is around the same as an engagement manager (low end) or principal/senior manager/associate principal (high end)
I am an engineer and trying to transition into consulting. I am doing my phd and been in one of the big 3 auto industries in the USA for 4 years. tech positions are not lucrative at all, it needs 10-15 years of experience to reach ~120K and a 12K bonus a year. Salary increase is no where near 3%! Bonus is based on performance and seldom that you get 100% bcz performance is always
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