Is it worth aiming higher?
Working in technology consulting at a big 4 company. Not implementation, mainly DD for PE clients.
I've gotten an offer from a Tier 2 (ATK, OC&C, LEK etc.). I might also apply toas I feel like I've got a reasonable chance to get it.
For quite a while I've been focused on getting into a REAL strategy position. But I'm having doubts if it makes sense in the long term.
I'm not convinced I want to go to a, so probably a decent exit would be to industry, which leaves roles like IT manager/ or . And in such case I'm not convinced MBB/Tier 2's career boost is too significant.
In my current job, I really enjoy good WLB (usually under 50h per week) and little stress because I'm a top performer. I could easily close my laptop at 8PM, and the manager would raise no objections, or work remotely whenever I feel like it. Also, the local team is quite small, so the promotions are fairly frequent.
However, I have two main concerns: (1) the DD work starts to become not too challenging and smaller projects are getting repetitive. Sure, sometimes I'd get an interesting $1B+ transaction, but usually they are much less exciting. (2) I'm afraid the salary increases at the big 4 start to flatten out really quickly from the senior consultant level on (except partners, obviously) compare to other companies.
MBB/Tier 2 offers way better salary and more exciting projects. But then, you become a smaller fish in a bigger pond. Long hours are an obvious drawback. Moreover, from some WSO comments, it seems that if you don't make a partner or get into a fund, the exit salaries in strategy are not substantially bigger than the ones in tech. Within the 1-2 years horizon, strategy consulting is objectively a better option, but I'm not sure about a 10yrs+ one.
Is it worth leaving this fairly convenient track (with a possibility of exiting to a decent tech position) for the prestige/exposure/money of actual strategy consulting?