Consultant vs. Product Manager? 💸 ✈️ 📚ft.
Вставка
- Опубліковано 4 кві 2022
- Who has the better perks tho? 👀
After months of messaging, @bykchoi and I finally met up!! When two worlds collide! 💖
🌸 socials 🌸
instagram ➭ / thechlobro ⚉ daily stories
twitch ➭ / colorsofchloe ⚉ chill coworking streams
discord ➭ / discord ⚉ stream/upload notifs, career chats, private community chat (for the unichlos)
twitter ➭ / colorsofchloe
tiktok ➭ / colorsofchloe
newsletter ➭ eepurl.com/hpcPCD
current sub count: 34k beautiful souls
📧 brand and sponsor inquiries:
➭ business@colorsofchloe.com
📧 other inquiries:
➭ hello@colorsofchloe.com
* no copyright infringement intended *
#productmanager #consultant #colorsofchloe
I make 115k as a data analyst with an undergrad econ degree and 3 years experience....in Vancouver, WA. It's all about selling yourself and proving value. I didn't even have tableau experience before starting.
That's cool.. How did you sell yourself without Tableu experience
What’s Tableau experience
97.5k 0 YOE in Atlanta. Didn’t even have to sell myself in college just get a good degree like MIS/CS
I agree. Sometimes you finish college and realize you want something completely different. I got a marketing degree at a good business school. Got my first markeitng job in tech at $52k (but over their max budget). Realizing I like product and building much more (and dislike selling/markeitng). Grinded hard to get a product marketing job 10 months into my first job and got raised to $68k. 1 year later I’m now a product marketing manager at $78k. (Avg for PMM is around $120k), now I’m trying to career shift into engineering, as I really like technical things way more (maybe product management if there is opportunity)
5 dollars a week
Industrial Engineering and Operations Research? She knows what hell must've been like
Currently studying industrial engineering at the no. 1 University of Germany. Yes. Hell it is.
Just to end up earning 115K.
Ridiculous
TUM BWL?@@Takkodachs
@@imt3206 115k is quite a lot
Why hard?
Had to make the difficult choice between a job in consulting and a job as a pm and very happy with my choice to be a PM now
what made you choose PM and not consulting? I'm at the same very crossroads right now lmao
@@adeshemsu thank you! :)
@@adeshemsu this comment is gold 🙌🏾
@@Hunteronix glad to be of service!
@@PhysicalCanvas thank you! I figured I might as well put these hundreds of hours worth of forum scrolling, advice-taking, and research to work for other folks in a similar position!
HR after watching this video: thanks for your service and good luck in your future endeavors
Both prob laid off by now loooool
If you’re making $115k in SF, I can only assume you’re dancing because your SNAP benefits were approved.
I just researched and to live comfortably you need to make $85k after taxes in SF. She is doing okay and is not that far off. I’m from NYC and ppl who aren’t from NYC Think 100k gets us nowhere and truthfully, many live well in that range because affordable rent is a thing depending on where you choose to live. There is prime real estate but that’s not the entire city.
@@numerologicatarot3333Don't believe that bs. People overspend
@@numerologicatarot3333 if you had to research it then you have absolutely no idea what you’re talking about.
What's sf?
@@clashdevil2925 San Francisco
I’m a Consultant and I make 170 K as a Lead Business Analyst. There are many factors that determine that number but it ultimately comes down to supply and demand for your knowledge and experience.
I'm ug student and getting confused.. business analyst or management consultant which is better and also please prefer me a best specialization in MBA
@@siri1481 I understand that choosing between a Business Analyst and a Management Consultant role can be confusing, especially at the undergraduate level. To help you make an informed decision, I'll provide you with a detailed comparison of both roles, as well as some suggestions for MBA specializations that could be beneficial for each career path.
1. Business Analyst (BA):
A Business Analyst is responsible for analyzing an organization's business processes, identifying areas for improvement, and providing recommendations to optimize performance. They work closely with various stakeholders, such as IT teams and upper management, to ensure that business objectives are met. The main functions of a BA include:
- Gathering and documenting requirements from stakeholders
- Analyzing data and business processes
- Developing and implementing solutions for process improvements
- Monitoring and evaluating the effectiveness of implemented solutions
Some common industries where BAs work include finance, healthcare, technology, and retail. The demand for skilled BAs continues to grow, making it a lucrative career choice.
2. Management Consultant:
A Management Consultant is an expert who provides advice and solutions to organizations on various aspects of management, such as strategy, operations, human resources, finance, and marketing. They work with clients across industries, helping them solve complex business problems, improve performance, and achieve their objectives.
Key responsibilities of a Management Consultant include:
- Conducting research and analyzing data to identify issues and opportunities
- Developing strategies and recommendations to address client problems
- Assisting in the implementation of proposed solutions
- Evaluating the effectiveness of implemented strategies and making adjustments as needed
Management Consultants often work for consulting firms, which provide services to clients on a project basis. This career path offers a diverse range of projects, potential for travel, and the opportunity to work with top-tier clients.
Now, let's explore some MBA specializations that would be suitable for each career path:
1. For Business Analysts:
- MBA in Business Analytics: This specialization focuses on data analysis, business intelligence, and predictive modeling. It equips you with skills to analyze and interpret data, which is crucial for a BA role.
- MBA in Information Systems: This specialization covers the integration of technology and business processes. As a BA, you'll need to understand how technology can improve business operations, making this a relevant choice.
2. For Management Consultants:
- MBA in Strategy: This specialization delves into strategic planning, competitive analysis, and corporate strategy, helping you develop the analytical and problem-solving skills required for a successful career in management consulting.
- MBA in Operations Management: This specialization deals with the management of production, supply chain, and logistics. It's suitable for those interested in consulting within the operations domain.
Ultimately, the choice between a Business Analyst and Management Consultant role depends on your interests, strengths, and career aspirations. Consider factors such as job responsibilities, work environments, and potential career growth when making your decision. Additionally, an MBA specialization that aligns with your chosen career path will further enhance your skills and employability.
Plz tell me wht degree or course we need to do
@@doodleh9318 hii there.. so as an business student i have choosen to go for management consultancy so i had to do mba in consultancy and if you wanna be a business analyst then go for business analytics
@@doodleh9318 I understand you're interested in learning about the degrees or courses required for becoming a Business Analyst or Management Consultant. I'll provide you with a detailed guide for each career path, including recommended degrees, courses, and certifications.
1. Business Analyst (BA):
To become a Business Analyst, you typically need a bachelor's degree in a relevant field, such as business administration, finance, economics, or computer science. However, some BAs come from non-business backgrounds, like engineering or the liberal arts, and gain the necessary skills through experience or additional training.
In addition to a bachelor's degree, you may consider taking the following courses to develop your skills and knowledge:
• Data analysis: Learn to collect, process, and interpret data using tools like Excel, R, Python, or SQL.
• Business process modeling: Understand how to create visual representations of business processes using tools like BPMN or UML.
• Project management: Learn project management methodologies like Agile, Scrum, or Waterfall, which are often used by BAs.
• Requirements elicitation: Develop skills in gathering and documenting business requirements from stakeholders.
Certifications can also enhance your qualifications and demonstrate your expertise to potential employers. Some popular certifications for BAs include:
• Certified Business Analysis Professional (CBAP) by the International Institute of Business Analysis (IIBA)
• Professional in Business Analysis (PMI-PBA) by the Project Management Institute (PMI)
2. Management Consultant:
To become a Management Consultant, you typically need a bachelor's degree in a relevant field, such as business administration, economics, finance, or management. Some consulting firms may also hire candidates with degrees in engineering, computer science, or other specialized fields, depending on the industry and type of projects they handle.
In addition to a bachelor's degree, consider taking courses that will develop your skills in areas relevant to management consulting, such as:
• Strategy and strategic planning: Learn the principles of strategic management and how to develop and execute strategic plans for organizations.
• Organizational behavior: Understand the dynamics of organizations, including leadership, motivation, and team dynamics.
• Financial analysis: Learn to analyze financial statements and perform financial modeling to assess an organization's performance and make informed decisions.
• Change management: Develop skills to manage organizational change and help companies navigate transitions effectively.
An MBA degree is highly valued in the management consulting industry and can significantly boost your career prospects, especially if you're aiming for roles at top-tier consulting firms. Consider pursuing an MBA with specializations mentioned above (e.g., Strategy, Operations Management) to further enhance your skills.
Certifications can also be beneficial in demonstrating your expertise and commitment to the profession. Some popular certifications for Management Consultants include:
• Certified Management Consultant (CMC) by the Institute of Management Consultants USA (IMC USA)
• Certified Strategy and Business Transformation Professional (CSBTP) by the Global Association for Quality Management (GAQM)
Additionally, gaining practical experience through internships or entry-level positions in consulting firms can help you develop the hands-on skills and industry knowledge required to excel in a management consulting career.
In summary, both Business Analysts and Management Consultants typically require a bachelor's degree in a relevant field and taking specialized courses to enhance their skills. While an MBA is not mandatory for either role, it can provide a significant advantage in the job market and improve your career prospects, especially in management consulting.
For both professions, consider participating in internships, work placements, or entry-level positions to gain practical experience and network with professionals in your chosen field. This will help you develop your skills, gain insights into the industry, and increase your chances of landing a desirable job.
In addition to formal education and certifications, developing certain soft skills is essential for success in both roles. These skills include:
• Problem-solving: The ability to analyze complex situations, identify issues, and develop effective solutions.
• Communication: Strong written and verbal communication skills are essential for conveying your findings, recommendations, and ideas to stakeholders or clients.
• Collaboration: Working effectively with cross-functional teams and building strong relationships with stakeholders is crucial for both Business Analysts and Management Consultants.
• Adaptability: Being able to adjust to new challenges, industries, and projects is key to succeeding in the dynamic and fast-paced environments of both professions.
Lastly, it's essential to stay informed about industry trends, new methodologies, and technologies. This will enable you to maintain your skills and knowledge up-to-date and better serve your clients or stakeholders.
By pursuing the appropriate education, certifications, and practical experiences, and developing the necessary soft skills, you'll be well-prepared to embark on a rewarding career as either a Business Analyst or a Management Consultant. Ultimately, the choice between these two paths depends on your personal interests, strengths, and long-term career goals.
Read my full LinkedIn article here: lnkd.in/gZm-NbZk
Harvard University Statistics says people usually lie about their salary when telling others by 30% (higher).
Are you saying it’s higher or lower? Or is that in either direction
@@Justin3point0 Exactly my question! I imagine we'd regress to the perceived mean or perceived point that means people respect you but don't think you are stupid rich. Like, for instance, people who earn $70K might want to say $100K and people who earn $250K might want to say $180K.
But I don't even know. I struggle to lie and don't like to talk about money.
True. I typically go lower unless they're in my field. I was honest once and it didn't go well. 😅
@@sonderexpeditionslmfao sameeee
@@sonderexpeditionsI always tell a lower number yup
Majored in English = Ivy graduate.
Cool
That's the only way you can make use of an English degree. You have to "network" or otherwise be handed the job.
Kind of shocked at how people are so willing to share their compensation. As a Gen X’er we were always told to keep that info private.
Folks put their whole life on internet now.
Regarding this video, they only put the average starting salary
They aren't necessarily sharing their personal information, anyone can make these videos with minimal research. Notice these girls listed free food as a perk. Their main goal is to just get views. They just copy what they see from other "success stories"
Lol, thats how corporations taught you to be submissive.
That’s because your boss wants you to keep it private so they can pay everyone differently without you ever knowing
So your bosses could treat you unfairly and compensate others way more than you for doing the same job. There’s actually a salary transparency law in NY now where employers HAVE to tell you a starting base compensation wage. You can negotiate, but they aren’t allowed to just give you a number anymore.
In Paris, an product manager earns 40k€ annual (2500$ per month)
you make me excited for the future
Woah this is so cool! I follow both of you guys and this collab is totally unexpected!
haha I know! esp since she came all the way from NYC to hang!
product manager higher salary than consultant? Lovely vibe btw 😆
Yeah
Typically that’s how it goes.
Usually from bottom to top the hierarchy is as follows:
Implementation Consultant
senior consultant
Analysts (some companies skip this position)
Manager (or Product Manager)
Senior manager
Director (this isn’t always an available position at all companies)
Partner
Senior Partner
Managing partner
Hope this helps
@@BlackAnt27interesting
@@BlackAnt27in the UK, Analysts are usually the most junior 😊
just switched careers to SEO and im thinking whether i should continue for the next five years or jump to PM in the next two
JUMP
@@achalgarg why?
cuuute!
Love the video!! But got to preface that I’m in tech consulting and my salary is 105k to 115k (range due to bonus)
oh best of both worlds!!
SIIIIIIMP
What do you on a day to day basis as a technology consultant?
What degree did u study
@@gayatrimunukutla78typically you have to do double major in tech(engineering major you want to combine with business) and economics or business
And if you are studying in India
Than forget that😂
How much goes into 401k, taxes, and rent/mortgage?
Didn't expect you two met 😄 collab vid soon?
haha yes it'll come out soon on kchoi's channel!
Oooooooohhhhhh myyyyy Goddd.... Chloe, I can't believe that you are collaborating with Kchoi
Hey, how'd you get into consulting after majoring in English?
Thats😂 the biggest question.
Not that difficult. Consulting is starving for all majors because it’s usually a tech implementation position.
New grads are usually quick to pick up on learning a new ERP system.
I’m a Business Analyst that started in consulting with an Accounting major. I had co-workers that majored in biology, engineering, political science, and liberal arts.
If you don’t have a technical education, the next best thing is to graduate from a target school with good grades. Ivy League, state school, public universities, etc.
Unfortunately private online only universities can hinder you if you aren’t careful with the selection process.
@@BlackAnt27 @BlackAnt27 hello may i ask your journey in becoming a business analyst and what we should have to become one? i'm an undergraduate student of accounting and i think i just find my purpose and target in becoming consultant or business analyst but i just start to seek information and advice 5 minutes ago.. it will be your very kindness and important eye-opening for me to know about your story and advice😊
Because consultants are a bullshit jobs and are more useless than finance bros
@divasabillah3476 don't make your purpose being a consultant...I'm a business analyst without being a consultant. I got a degree in IT and did multiple projects to gain the skills that appear in job descriptions. I did an internship as well.
I make only 50k and working like a dog in the kitchen 😂😂😂
work to learn, not to earn brother. stay thrifty ya son of a bitch…
thats high for a kitchen job😂
The worst 2 states to live in
How long did it take to become a product manager?
A make $600k as an Anesthesiologist. Sorry wrong video.
😂
😂
How do u become a manager so young?
Its always older folk and they’d never give manager position away..
Even a young guy in sf was the manager of a boba place and he was just a college student…wtf how
Product managers don’t necessarily manage people. They manage their product and align cross-functional team priorities
yeah i would take the product manager perks
They basically make the same amount of money . The consultant does less work though lol
How do you get a job as a 90k a year consultant with an English degree and almost no years of experience? What can you possibly teach someone that can’t be looked up in a book or chatgpt?
Do you even know what consulting is? Or the limitations of chatgpt? An English degree teaches you to analyze sources critically, craft persuasive arguments, and communicate your point clearly. That’s exactly what consultants do. When your CEO is deciding whether to spend $1 million on a business decision, they’re gonna consult a human with specific expertise in their industry who can gather new data and not rely on chatgpt to give very generic guesses about what to do.
You have to be in a prestigious university with good connections and then you can major in anything. If it's a regular university/college, you should major in majors with a good ROI.
@@emilyau8023 that my friend is why I studied pure mathematics...and it took long and it was hell.
Oh they gon pay for this education lmao (and I'm debt free, but they gon pay for my time spent bro)
im also majored in englidh but im jobless and i do not know what to do as a career i hate teaching. im lost
Hey what did you ended up doing
Become a tech writer. Get paid to write documents.
@@Patop2002 mba in business management with the hope to find a job
@@manel5686 you can make six figures or choose to it being a technical writer. You don't need to know tech. You just write documents. Lot of English majors become tech writers
@@Reason_over_Dogma thank you for your answer i did a research for jobs requirement of tech writer and most of them requires 2 years experience in the field
I thought product managers make 150k+ in the Bay Area. Unless that's just base and you got mostly equity. But even so that seems low for a PM with your background. I see some at 200k+.
Oh yeah so I didn’t start off as a PM in my career, so I definitely didn’t make as much. I do have another video on PM salaries though! You can check that out for numbers
Wait are you really making only 115k in SF with all your previous work experience and working in a major tech company? What?
Bro that’s the starting salary
That's really high, specially for someone in a starting position
what remix of this song is this?
So an English degree isn't useless after all, lol.
Only if you went to Ivy League
After a english degree we Can have this jobs ??
And Consultant moves the needle!
That moneys NOT that great for HCOL areas, dont know why they’re so excited
it was our first job out of college!!
Im 37 majored in business i work in consulting making 70k in NYC i have a second job on the weekends have no social life and yeah ask for the salary you want don’t settle cause they clearly played me
I’d never take PM over an IC role. Only DRM of IC.
Tiktok virus
cute!! did you guys plan the fit too? where the pants from?
Didn't plan the fit, but my pants are from Love Bonito!
115 and 90 is like 40 and 55 in other cities
Can one eventually move to product management field after few yrs in management consulting?
90k in NYC is basically poverty right? Genuine question btw not try to mock anyone
Not quite! It’s about $27k for a single person. But these are salaries from almost a decade ago - these were our first jobs!
It's not the career that determines how much you get paid. it's you, your investment in yourself and what you bring to the table. The Consultant has the advantage of being exposed to multiple situations multiple industries and has better openings imo. Unnecessary flex but I know because I am one and I make more than these too salaries combined!
lmao.
i looked for waste management consultant and I got this? what did i watch
lmao this is the wrong side of youtube for you then hahah
To become a product manager would you have to major in industrial engineering or would computer science be good as well?
I'm a IBE double major at OSU and currently interning at P&G in Cincinnati. For my ISE degree I'm mainly taking CS classes and I kinda regret not just coming in as a CS major. ISE is amazing, but only reason why I did it at Ohio State was because IBE puts me in the honors college and I got to be a business major. I'm sure you can get away with either major, but more schools have a CS program compared to Industrial. No major will hold you back. Do what interests you the most!!!
@@GamerboiJared alrighty thanks a lot for the response!
omg cs is a great degree for going into pm for sure. i don't actually think my degree helped me that much in my pm job except for the databases/SQL class that i took. if i could redo college, i would not major in IE actually :( CS is incredibly useful in this day and age!
Cringe
Should be making more in NW
Absolutely ridiculous. If these were my daughters: I’d be embarrassed, fam 😂
??
These loans are only possible in America - that is crazy - in Germany NO
Wow your both very beautiful 🥰😍😘❤️💘💕💞🫶
Is there anyone who is a brand manager here??
U beat the shit out of consulting lol
fwiw; i hate consultants. they're really good at selling you some big abstract idea; but when it comes down to it, most of them are horrible at the execution part.
@@universalsorrowagree
Good life hopefully
This track anyone ??
can we do product management with a bcom hons degree???
best to go look up all the job listings for product management and see what kind of education requirement they're seeking. every company can be different
if it's bcom related to technology like business technology management then yes. I have friends who did that degree and are making good money as product/project manager.
Unfortunately most of these commentators will be laid off between the ages 30-40. Your salary isn’t as valued when they can get faster and more nimble workers at a cheaper rate. AI tools will also make some of your technical skills less needed.
$90K with an English degree? Doong what exactly?
how much do you make after taxes? probably 70-80k
That was right after we graduated! It’s been almost a decade since then!
90k a month is crazy
It's a year...
You can do better than $115k in sf with an ieor degree
In what kind of jobs?
Can i be a product manager without going to college
yes - there isn't really a degree for product management. it's mostly based on your experience building and shipping products
The perks and the compensation of money is nothing. First and foremost you live in cities that are valued high. Granted making that kinda money does give one more flexibility in life but if your living a extravagant lifestyle your still living no different than what the average income earner is making. The struggle is still just as real. If your not finding ways to make more money from the money you make you’ll always be poor.
im a director and i make 550k
Im apply a job
This video moves too fast for my slow eyes
pause
Why
Sala samjh nahi aa raha kaam ki baat padu ki inko dekhun
115k 🚬
What's that after taxes n shit?
A 115k salary would be 5-6k a month here in my country.
Only way you earn that much here is though company loyalty for 20 years and taking every change to move up.
And 5k here feels like 2,5k these days so we are pretty screwed economically.
Ye kaam bhi karti hai, ya bas tiktok banati hai din bhar
What’s the name of the song? It sounds so good. :o p.s. what a surprising collab
Jeremih - Oui (Tik Tok Remix)
@@Casanovaa Thanks! :)
Whoever you are, you’re an idiot
Both are BS jobs. I can say that cause I've done their jobs. Please don't buy into this corporate BS.
asian girls are soo fking gorgeous omgggg
Not the point
Weirdo
Great content style. It was super engagingly and informative
Ooof this is a super old video!! I recommend watching the newer ones!!
Cool
U can dance pretty well
Ever thought of doing tiktok dance video?
Music please
Smash smash
115k in SF?!? Jajaja you poor, not even broke, but poor!!
it's too expensive to live in SF :(
Fired 😂 SMH crazy huh
Skill less re taarddzz
But why to dance?