As a career co-pilot, Lloyd has created a new advice series titled “Dear Lloyd” to answer your burning career questions, anonymously. Inspired by the greats of advice column writing, we anonymize or generalize questions, so ask away!
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Dear Lloyd, I’m a management consultant in my 20s. While I’m grateful to be employed in a good paying job, I’m feeling like it is time for a change–maybe a startup, maybe grad school, maybe something else. What should I do next?
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Dear Managed Out,
A good portion of the Lloyd community came from a management consulting background, so we totally get how you might be feeling. Don’t get us wrong, consulting can be a valuable career experience for many, but few decide that the “Path to Principal” is for them (the 6am flights and “turning the deck” quickly lose their luster). In fact, at least 1 in 10 of your colleagues are having similar thoughts right now. As this is on the minds of many management consultants, Lloyd surveyed a group of folks that were management consultants in their 20s or 30s for their advice, and this is what they had to share:
As you can see, most former consultants value the problem solving and “consulting toolkit” skills gained in consulting. Most also advise current management consultants to be thoughtful about the job / industry you move to next, whether that be an MBA, startups, private equity, industry, or somewhere else. Be intentional with this move. The key is for you to think about how this move may fit into the broader career journey you are looking to follow.
Have more questions on this career topic? The Lloyd team is available to discuss more so please reach out here!