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Old 27-02-2011, 12:11 AM
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Originally Posted by Unregistered View Post
I had 8 years in the public and went through the same considerations before taking a deep cut to start a career in the finance industry. If you are hang up about title (way inflated in the public sector) and pay, you will never switch because the rule of thumb to how much you get is you must generate at least 4 times your salary. An average manager with 8 years in the public sector easily takes in $100k per annum, to do the same in the consultancy business, you would need to manage or bring in $400k worth of projects/sales alone. No an easy task for a guy who is new into his career.

The bright side of things is the private sector is more performance-sensitive. If you are capable, the compensation catches up in the blink of an eye.

Good luck.
How did you manage to switch from public to finance?

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