Which industries pay the best & have the best work-life balance after leaving consulting?

Pay & work-life balance. In this newsletter, I share data on which industries offer the best pay and work-life balance, whether you stay in consulting or leave.

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Consulting is strange - why?

Most people start it with no intention of staying. I can think of no other industry like it. For the majority of folks, it's a means to an end - transferable skills, network, experiencing difference industries etc. And the pyramid structure of most firms forces most people to leave over time.

It's a blessing and a curse...

The blessing is that the transferable skills developed in consulting are so transferable. Almost every industry, company type / size (from startup to multinational to specialist consultancy to social enterprise) and function is open to you. As an example, 4,000+ organisations of all shapes and sizes hire for current & former consultants through movemeon.com.

So the curse is that you're spoilt for choice.

But how do you make the right choice?

100,000+ people got involved when I posed that question on LinkedIn. I was astonished at the appetite to join in the conversation. The main issue?

?? a lack of data when it comes to how your choice of industry, affects the things you care about most in your career - pay, work-life balance, job satisfaction etc.

So what did I do?

I collected data. From 1,000s of current & former consultants. I dusted my McKinsey BA hat off and crunched the numbers.

I've made it my mission to help everyone make a more informed choice

Whether that be leaving consulting, staying in consulting or progressing your career to more senior levels long after making that initial decision.

What's next?

More data. I've made a start. And you've got to start somewhere. I'm really grateful to everyone who participated and all the kind feedback I've had about the results.

For the next iteration my aim is to get 20,000 people to join in. Why?

1. More accurate. The bigger the sample, the better the results for everyone.
2. Segmentations. E.g, by: location, seniority, function, permanent vs freelance jobs. Deeper insights for specific characteristics / questions you might have.

Sound interesting? Get involved next time...

I'd love you to join in and to spread the word. To stay in the loop please make sure you:

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So, what does the data say?

For 24 different industries, I've crunched the numbers and drawn out the winners and losers when it comes to:

1. Pay
2. Satisfaction with pay
3. Working hours
4. Satisfaction with working hours
5. and produced an industry "X-Factor" index revealing how connected people are with the mission of their organisation / purpose (my personal favourite)

There's more to come...

Beyond the segmentations I mentioned, in the next version (so long as we get that bigger data set) we'll investigate things like:

Satisfaction with:

• Progression
• Learning & development
• Travel
• Culture

Access the data - Click the table below to access the data & insights ??

?? Here's a text link too: CLICK HERE

I hope you find them interesting.

Thank you...

For reading, participating and generally showing your support for this mission. If, like me, you see the value to everyone of 20,000 people joining in next time around (it's free by the way),

?? please like or share this newsletter to raise awareness ??

Many thanks for reading my 1st newsletter (thanks LinkedIn for asking me to create one!) Hope you have a great rest of the week.

Very best,

Rich

movemeon.com Founder | ex-McKinsey | former freelancer