Rx co vs Management Co Choice
Have to choose between an offer between one of the smaller RX co (think interpath) and a financial services management consultant (think Casey Quirk).
Would really appreciate any insight into what you would go for in the same position.
Key considerations: - Compensation - Exit ops - Type of work - Anything else you might consider
I am currently wondering if it's easier to move up in the the world of rx then mc from this starting point, or if mc provides the better base skills.
Note the mc would sponsor qualifications like the cfa. The rx would sponsor accountancy qualifications.
Feel free to ask anything else!
Kinda depends on what you want to do, no? Those are two very different avenues. Casey is a Deloitte subsidary so I mean you might have more street cred starting there...Interpath is relatively new (2021), and I haven't heard of any of their deals, granted they're trying to build up their reputation by hiring a lot of ex-T1 RX people.
Management consulting does hire more than RX consulting, but that's offset by the higher applicant numbers. I honestly think you'd have relatively similar chances at both, so it really comes down to personal preference.
Thanks for the response!
What do you think the mc could lead to? Struggling to see the clear exit opps. Regarding rx would it be hard to go from a small rx firm to a t1 firm?
Assuming you get around 2-5 yrs of experience at Interpath, I'd say an exit to T2 or even T1 RX consulting is feasible. You've got to put in the work though. The good thing is that even though you're at a newer and smaller firm, you've still got domain relevance, and there's less candidates in the niche area of RX...now, given how much the field has been blowing up as of recently, I'm not so sure that the second point will stand for much longer, but the first point does.
As far as Casey, they're aligned more towards wealth advisors and the such, so your most realistic exits would be corp strat at firms like Fidelity, Blackrock, Invesco etc. Or you could do BizOps in fintech or wealthtech, or even FSS at Big - 4. Not bad at all.
Placeat nostrum voluptatem delectus. Repudiandae sed corrupti enim officiis aut necessitatibus rerum officia. Molestiae omnis ea blanditiis consequuntur. Praesentium aut placeat nisi et quaerat laborum est.
Repellat harum dolores exercitationem rerum debitis facilis. Qui est iste quaerat vero ducimus. Esse id quos voluptatem sint non autem neque.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...