I recently completed my post graduate education in business and management. Prior to this, I have worked in telecom industry as an engineer. Now, i am faced to make a choice between a technical consultant career and management consultancy/business career. I can earn a lot more money in technical consultant career with a lot less effort, the rates i am negotiating with a recruiter are as high as 350 GBP per day which means 84,000 GBP per year for 20 working days per month. The work nature of technical consultant is repetitive and fairly easy with no particular growth opportunity to the next level.
On the other hand, if i get into management consulting firms be it top-5 or lower, they can't offer me the kind of salary i can get as a technical consultant. I would like to know what are the prospects of someone going into management consulting four to five years down the line? How much can you make 5 years down the line and what kind of career growth can i expect in management consulting?
I have a hard choice to make and direct my efforts accordingly!! Any help in this regard appreciated. Thanks.
What are the downsides?