From a monetary perspective, sunk cost to go back to consulting? No way back?
Would it be a sunk cost to go back to consulting right now?
I did 3 years in consulting and now 2 in PE. My fourth year in consulting would have been $250k comp at post-MBA level which I would have done for 2 years instead of ~$300 in PE (~$100k delta). Then I would have gone to business school, so that's a net wash.
However now that I'm considering going back to consulting - and I would not go back to my old firm because they suck at the industry I like which is stupid long term - I would have to go back to the title that is the equivalent of my 3rd year in consulting (!). My comp would be back down to idk, something below $200k. Whereas MF/UMM PE VP cash comp is $400+ and then carry worth around that (just a data point from my firm).
It almost seems like at the minimum I should do a year of PE, invest as much cash in my future firm's fund as I can and get into the capital call cadence, clip once bonus, then try to leave for the equivalent post-MBA level I would have had at year 4 of consulting anyway! This is insane, no? How do I square this!
Hey Associate 2 in PE - LBOs, sorry about the delay, but are any of these useful:
More suggestions...
Hope that helps.
Bump
I don't really understand the situation. The long-term earning potential in both careers (consulting vs. PE) look very different. There are both near-term and long-term trade-offs. What advice are you seeking? Do you have the opportunity/interest to stay in PE?
What type of consulting work would you like to do? MBB/T2 Strat, or something more specialized?
Do you just really like consulting and plan to do it long term? You'll always take a pay cut versus PE, but seems ludicrous they wouldn't give you an equivalent title given strong experience.
I don't think the PE -> consulting door will close for you anytime soon, so if you're happy enough in PE might as well collect some cash and wait until your consulting title catches up a bit
Soluta eveniet sit ullam molestias numquam exercitationem. Quia omnis in quia illo ullam.
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