WSO, I need some advice. And sorry, this is long. So I spent a couple of years working in-house at a large investment bank in their compliance department directly supporting their investment banking and capital markets groups. Then I made a jump over to a non-finance company for personal and professional reasons and moved across the country to CA. Now my position has been eliminated because our group got cut from the budget so....I'm out job hunting again. I'd be interested in working in compliance on the asset/investment management side of finance but have virtually no experience there. Trying to get interviews with various investment groups in LA but no go.
Right now, I have 2 offers: one from my current company to stay and work in an area of compliance that has nothing to do with my securities or banking background...and another one from a consulting firm in their banking and capital markets practice. Have no other interviews at the moment and need to make a decision in a few days. I think I am leaning towards consulting, but I am hesitant because the company's projects are very IT-focused and I don't know how my exit opportunities will be afterwards. I'm also worried because I feel my skillset isn't the consulting company's "bread-and-butter" business and if I can't be staffed easily on future projects then I'm going to be laid off again. I feel they are only highly interested in me because of one particular project they need me for (which is back on the east coast and would require temporary relocation...again.)
However, my other option is a bit worse - exit opps are more dismal because its entirely removed from the securities and finance industry. I'd be going down a different path altogether, diving more into the realm of internet privacy and data security compliance. I'd take it pretty much for the salary if the consulting firm lowballs me and it would also allow me to remain in CA with a steady paycheck. But in either case, I do feel I would need to go to business school as I don't want to make either one a long-term career - so then consulting would probably be a better work experience than the other one, right?
Or my third option, which is take the severance package and chill on the beach for awhile until I can land a job that is a 100% fit for me. But given the state of the economy...I don't know how easy that's gonna be. Any thoughts?