Career conundrum: Bank Vs Big4 Vs Technology Vendor

One of those pesky phases in life when you’re trying to reinvent your career - you finally think you’re eligible for a your next move but end up being overwhelmed, confused, and hopelessly lost when it comes to making a decision.

The dilemma I’m facing now is that after nearly 3 years with an information security consultancy, i’ve quit my job in search of for greener pastures and now trying figure out what to opt for.

So here’s what I’ve to decide from:

a) Bank - An IT Audit role. The salary is fairly decent with the usual perks.Since i’ve previously worked in a technically intensive environment, i find the technical aspect of IT auditing to be a piece of cake, so not much to learn in this regard. But perhaps working in the Audit role will bring in some exposure to the Governance, Risk and Compliance side.. but again not quite sure and I’m scared of being trapped on a dead end in the long run. They have annual performance and salary reviews and it seemed that there are good chances for growth for the next 5 to 6 years, at least.

b) Big4 - The role isn’t quite defined at these places, but it pertains to Risk, Audit, Security and Compliance. They expect you to work on A LOT of different business lines so the exposure is IMMENSE. But on the down side, the pay is HORRIBLE.. its LESS THAN HALF of what others have offered.. work hours are a nightmare.. don’t get me wrong here, I believe in hard work and myself worked an average 10 hours a day in my previous role but from what i hear about these places is that they completely drain you out and leave you with absolutely no time for your family, personal improvements, etc .. and there is no defined process for increments either, most of the people seemed to be working their as a means to securing a position at a bank in the future… The only plus here is the exposure to numerous clients and service areas.

c) Technology Vendor - Technical Sales - Pretty much inline with my previous work. A techo-commercial role which requires you primarily handle sales and dabble in little technical areas as well (but not a hands on technical role). Like any sales role, there is the usual pressure to bring in sales and you’re level of technical expertise remains mediocre. This brings me to another question, is there any real growth in a sales career? It seems that most of the sales people I came across during my tenure happened to work on pretty much the same lines and only had changed functional titles, i.e. changing titles from sales representative to account manger, area manager, bla bla… The reason I’m considering this role, is that this particular vendor happens to be fairly renowned… other than that nothing new in terms of a deeper, more complex role or building a niche expertise. Though on the other side, I don’t see many certified and qualified in infosec sales either, so maybe this could be an advantage, or maybe focusing and narrowing to just one area in sales isn’t a very bright idea altogether..

Sorry, for the lengthy post guys but I would REALLY appreciate your help as I gotta start finalizing in 3 or 4 days. Would be grateful if you could share your own experiences, opinions, observations and even speculations :slight_smile:

Re: Career conundrum: Bank Vs Big4 Vs Technology Vendor

SC,

I’d ask you what your primary reason is for seeking change at this time, and what exactly do you mean by “greener pastures”. Is it workplace/routine stability? financial advancement ? challenging/motivating/variety assignments? Also, what was it that you liked most or least in your previous job role, and what’s your aptitude like?

It’s your answers to these questions that may lead you to make a better decision.

Having said that, when I think of my colleagues in the IT sector pursuing a change of jobs, their main reasons have been around seeking more workplace and financial stability so they can devote time to family etc. – in that regard, the bank offer sounds more attractive and viable. While it will certainly mean working on similar projects in InfoSec policy, compliance, and governance, it will provide somewhat of a stable work routine. Also, there may be horizontal opportunities that you can avail by getting involved with other projects that may be of interest to you. So, I don’t necessarily see a dearth of projects variety per say. In terms of growth opportunities, I’m not sure what level of management you’d start at, but possibly you could advance to CISO/CAE level eventually and based on your inclinations later in your career, even CIO etc ?

Re: Career conundrum: Bank Vs Big4 Vs Technology Vendor

I think in your situation I would choose the banking industry ... mainly coz it will give you huge exposure . I have extensive experience of working with the Big 4 and I know for sure that those guys are good to have on your CV either at the start of your career or after you have gained many many years of experience , anything in the middle , is going to stop progression after a while with negatives like horrible pay and long working hours ...

Technical vendor role is more sales focused and it can actually become pretty boring and not as rewarding after a while .. it may be rewarding from financial perspective , but you need to focus more on something which will take you on to bigger and better things in a few years time .. Banking role and IT audit is the safe option , me thinks ...

Good luck ..

None of the above, go for a company handling a lot of data, especially with a lot of governance around it. Facebook, google, major consumer data and information companies WPP group, Epsilon, Merkle, ADP etc

Re: Career conundrum: Bank Vs Big4 Vs Technology Vendor

you need to think hard about what exactly is that made you look for a new job LC said.....

that will make it easier for you to decide.

Re: Career conundrum: Bank Vs Big4 Vs Technology Vendor

LucidChaotic, ChickenBiryani, X2 and NomiCA - Guys, thank you so much for your detailed replies.. I am sorry for apparently abandoning this thread after getting such enlightening responses - things happened here that kept me away from my computer for a while ... Once again, I am extremely grateful that you took out the time to help me make sense of it all - making decisions is just not my thing :(

As you've all collectively suggested, I suppose, the reason for my frustration in the previous job narrows down to both workplace and financial instability. Realizing this has definitely made things easier to decide.... I agree with LC bhai that banks may provide an opportunity to explore some horizontal avenues as well and Chicken Biryani' you're right, technical sales does become very monotonous - specially if the portfolio does not grow and is limited to a few principals.

X2, thanks for highlighting the emerging domain of data mining, analytics and knowledge discovery - this is undoubtedly a promising field that is growing at an astronomical pace - I looked at the companies you had mentioned and will keep them in mind as i search for opportunities in the future. Though I wasn't quite able to understand what the WPP group does.

And NomiCA, you're right, thinking on those lines definitely eased things up.

Guys thank you all once again for your help, appreciate it!

WPP is a brand positioning nightmare, so I don't blame you. They own many marketing companies as a holding group, ranging from ad agencies to measurement companies like Kantar media. Some part of WPP touches over half of the fortune 500.

Re: Career conundrum: Bank Vs Big4 Vs Technology Vendor

ahan, now it makes sense.... thanks!

Re: Career conundrum: Bank Vs Big4 Vs Technology Vendor

thanks solar for coming back and sharing your thoughts with us , glad our members here have been able to help :hula:

Eventually , do share with us the route you choose …

Good luck

Re: Career conundrum: Bank Vs Big4 Vs Technology Vendor

Thank you CB for your sincere wishes, I shall definitely update everyone, once things are finalized.

Re: Career conundrum: Bank Vs Big4 Vs Technology Vendor

Thanks Solar :)