Software Engineering vs. Consulting - Which path is better for you?

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hey guys welcome back to the channel you're

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watching code ray and today we have a very

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special guest with us it's peter he works at

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bain and company and it's a consulting firm

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it's actually one of the best consulting firms

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so i know there's a lot of people and students

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out there who are thinking about maybe

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switching their careers or thinking about what

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they want to do for the rest of their life so

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i wanted to create this video for you guys to

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give you a guys insight into our experiences

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in our respective fields and what kind of

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people that we think would look good for those

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specific fields to help provide you guys with

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information and help you guys make your

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decision on whether you should go into say a

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more technical role in software engineering or

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a more strategy role in consulting okay so

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here are some of the topics that i wanted to

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touch upon in our video and i will also put

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the time codes for these topics inside the

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description so make sure to look out for that

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if you're looking for a specific topic so

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another reason why i wanted to make this video

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is because when i was a student and also like

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after graduating there was a lot of times when

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i thought about like do i actually want to be

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a software engineer or what role do i want to

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go into so i made a video on switching from

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pre-med to software engineering but in that

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process i looked between investment banking

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consulting software engineering pre-med and

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like various other fields and because one of

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them was consulting i really wanted to

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actually become a consultant but i had to

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juggle between whether i wanted to be a

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software engineer or consultant so that's why

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i wanted to make this video for you guys

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without further ado let's get started okay

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first question so what kind of person is right

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for your industry and i'll get started so i

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think for anyone who's looking into software

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engineering the right type of person to go and

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become a software engineer you have to be

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pretty technical you have to be able to

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basically problem solve a lot so a lot of

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problems that are in software engineering you

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have to continuously work on so if you're a

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type of person who is a pretty technical

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person who likes making something by

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themselves or who has like the creativity to

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basically build projects and possibly want to

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make the world a better place or want to solve

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many issues in the technology field then i

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think software engineering is for you you have

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to be a person that's very like determined and

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also a person who doesn't like giving up in

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order to tackle these problems because a lot

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of these problems are also very hard to tackle

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in the end and sometimes you might not get it

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on the first try or maybe even 100 try so like

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people who are very technical and people who

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love to solve problems i think are people who

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are well deserved for software engineering but

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let's go to peter for consulting yeah i think

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thank you ray for all the i guess like trace

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that a good software engineer will have and i

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think consulting is definitely similar but

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different in different ways i would say the

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number one trade you will win a consultant is

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international curiosity like what we do

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basically is think about we are a brain

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outside a business or a company right we look

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at a company and it's problems from outside in

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and we try to help the business owners to

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really solve the problem to do that you'd be

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super passionate about like business property

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in general the financials how business talk

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about or think about markets how they think

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about their own employees and organization and

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all these kind of questions you need to keep

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drilling down those questions as a job in

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consulting and if you think that's something

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that you want to do i think consulting is

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definitely for you and i think another thing

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that's going to be very interesting is like if

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this is a job you're definitely going to talk

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to a lot of different people like even for me

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as a junior consultant part of my job also in

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spoken involves talking to partners which is

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like very significant at my own firm as well

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as ceos or other c3 people on the other side

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of the business so if you are not scared or

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even you enjoy talking about you know i guess

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things you learned to people and transferring

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your knowledge to people in different contexts

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in different positions consulting would

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definitely fall but will be a very good podium

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for you as well next question how hard is it

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to switch into career and your specific

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industry so specifically for software

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engineering i definitely think it's very

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doable to switch into software engineering i

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think for anyone of any industry as long as

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you go home and if you don't know any

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programming language it's also definitely

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doable just be sure to go online get a few

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certifications in a specific programming

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language or learn a programming language do a

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few side projects and get as much exposures as

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you can to the technical space and then

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basically start networking interviewing and i

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definitely think you'll be able to land a

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position in the software engineering industry

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so i definitely don't think it's hard for

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those of you who are thinking about switching

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into a career in software engineering and any

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students who maybe think they're too late to

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switch into software engineering or computer

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science it's definitely doable and i have done

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it before let's go to peter yeah i think for

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consulting i would say the best way to break

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into the industry is if you are say a

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sophomore a second year or junior third year

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student thinking about going in this industry

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you know the best way is you can do some

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internships in business or even other things

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that you can again as i said before help you

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understand and solve complex questions in real

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life as long as you're doing that kind of

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stuff i think you definitely stand a very good

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chance going to consulting and for those of

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you with more advanced degrees if you are say

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a phd mba or sort of masters master's degree

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students you definitely have a chance as well

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going to consulting because these firms are

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always looking for students who have more

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sophisticated structure of knowledge or a very

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good sort of understanding of one single

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industry or vertical so i think it really

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depends on i guess your background but

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consulting is an industry that takes in people

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in bulk from different entry points especially

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after like the i guess like the end of an

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academic program so always on the lookout for

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consulting firms recruiting because they tend

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to come to campus and a lot of fanfare really

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big you know and then they have very clear

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recruiting timelines just like tech so i think

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as long as you're looking out for that and

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trying to crap your story and trying to you

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know keep solving questions you see in life

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and make an impact i think consulting firms so

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definitely would love to you know take a look

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at you and hopefully you can get into those

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firms awesome thank you okay so next question

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is a pretty good question that i was pretty

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curious about when i was starting off in

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figuring out if i should be a consultant or a

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software engineer it's what is the work-life

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balance at both these companies what is the

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workload of both of these industries i think

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there's a wide range of opinions about

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software engineering but i think relatively

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with the experiences that i've had i think

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software engineering has a relatively decent

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light to decent course load i have a lot of

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software engineering fans who are in startups

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versus top tech companies versus in legacy

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companies and a lot of them report to around

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basically just regular 40-hour work weeks or

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work days i mean work weeks and they basically

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can go and do a lot of the other things that

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they want to outside of the work and it's

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really helpful because a lot of these people

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they have other hobbies and stuff but on the

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caveat i do know there's some teams and

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there's some various companies who do have a

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more worse work-life balance and they work a

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lot longer whether it's for on-call or it's

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for specific projects to meet deadlines so i

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think that turns people off a lot but i

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definitely don't think work like balance is

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something that you should be turned off about

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about software engineering because i

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definitely think that if you want to

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prioritize software engineering you'll be able

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to definitely find a company and a team that

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will suit your needs yeah i will say on the

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consulting side the short answer is slightly

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longer on average work within software

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engineers but still a pretty good work-life

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balance compared to similar industries so i

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think one key difference between software

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engineering and consulting is software

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engineering you tend to work for your own

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company whereas consulting and some of the

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other industries that people call professional

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services you your clients are companies you

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work for a consulting firm sure but your

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company as a whole work for another company

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and that brings like a little bit of i guess

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up and downs and swings in your hours like for

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me i would expect something like i would say

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50 to maybe 55 hours per week but it can swing

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from time to time like worst times it would be

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something like over 60 but sometimes it could

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also be under 50. but that being said i would

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say i still have quite a bit of time just like

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chilling like like when i get up work and when

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i live with randy like i also do some stuff we

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do we watch tv together i also you know i read

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a lot of books i want i also run other

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communities and like you know social media

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groups outside of consulting and i know for

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fact that some of my colleagues they run

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podcasts they work for non-for-profits they

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even work for you know other interest projects

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anything from like being a tour guide in new

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york city to like mapping out trees in the

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parks downstairs so like it's really like you

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have a lot to do and i would say one more

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thing that's different from tech which is

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consulting allows you to travel a lot

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obviously 2020 is a little bit of a bummer but

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usually like consulting especially you work

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for clients elsewhere we are talking about

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like flying in and out like of your home city

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on a weekly basis so i could be in new york

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you know monday morning to attend a meeting

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catch a flight in the afternoon to go to san

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francisco stay in san francisco with client

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for three days come back from the ufo and

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happy hour on friday so it's very location

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flexible i guess not flexible location like

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fluid which is really cool if you are not you

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know if one of those people want to explore

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the world with consulting the next question is

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a question that a lot of you guys i guess

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wanted to hear it's like what is the salary

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like for both of these industries and for

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software engineering i think it's there's a

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definitely a huge ban of salaries that you can

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have because i know that the average median

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wage for a software nigeria is around a

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hundred thousand dollars reported in 2020 um

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but there's a lot of companies that pay way

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less than that and a lot of these salaries are

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based only in the united states so essentially

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you have to work in the united states in order

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to get a very high salary in tech which is

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like why there's like silicon valley and all

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these huge booms and tech cities coming up in

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the u.s but for a top tech company and a lot

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of startups um new grads or like people who

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just recently graduated or a lot of people who

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just switched into software engineering as

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entry-level software engineers can make

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upwards of 150 000 and even more than that so

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there's like a huge range but definitely the

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salary for like a software engineer can range

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from like like below like 70 000 for like a

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lot of average software engineers to like

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maybe like top tech companies or startups can

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pay upwards of 200 000 and that was another

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thing that like actually motivated a lot of

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other people or a lot of my friends to go into

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software engineering because it's a very

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stable job and it provides you with a lot of

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monetary value with it and also i think that

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with software engineering like the growth

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there a lot of people talk about there being a

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ceiling for software engineering and that is

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true for a lot of companies but i think like

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as times are changing a lot of these like top

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tech companies and startups have been giving

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like more stocks out have been giving more

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money out so like as you work there for longer

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and longer you seem to be getting a decent

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amount of money in which you can have a really

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good life i would say for consulting um it's

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again like software engineering it really

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varies a lot depending on which firm you're at

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and which stage of career you're in i would

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say so if we talk about the entry level i

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would say uh the average or median salary will

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probably be a little bit lower than software

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engineering however still very much

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comfortable and should i say like about much

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more about average in i guess in the u.s at a

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better list i i would say that if you start in

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consulting like you tend to you have a pretty

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comfortable life compared to your peers like

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regardless where you start so and then another

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thing that's interesting about consulting is

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if you keep going in this career um like the

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the curve of i guess your salary growth is

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gonna keep going up so like even though in the

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beginning it's definitely not one of the top

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top paid sort of a career out there still if

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you keep going in your firm for 10 15 even 20

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years you will probably be in like a very very

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comfortable place by the time you're there and

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i guess also having a very rich and diverse

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life with a lot of stories to tell right

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because they deal with so many different

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businesses as well and i guess another

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interesting thing about consulting is like our

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i guess compensation is never fully just

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monetary a lot of times it's about the

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experience you have because with a lot of

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larger international consulting firms there is

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a building element you can go exchange at

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different offices at different functions and

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things like that it's not uncommon to hear

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people like from not just u.s or worldwide

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going to for example another office on a

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continent they've never been to or going to

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like even doing an externship in another

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company and come back to your company later on

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and also by the way if you want to pursue mba

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or like certain graduate programs your company

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will tend to sponsor you to do that and then

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have you back to the company after you're done

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with the program and i would say lastly uh

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consulting i would say just like software

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engineering is one of the really big theater

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industries into startup which means it's very

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easy for you to switch into doing startup or

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something even higher growth obviously taking

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a little bit more risk and i guess go for

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higher compensation so there is always that

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possibility there so what is the general path

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like or general opportunities that you have

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for someone who is in your specific industry

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so like i think the relative path for a

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software engineer is that for someone who's

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already in software engineering is you can

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either become a software engineer for the rest

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of your life and a lot of people do that

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because they love coding they love solving

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problems and they end up very high in their

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company or they switch companies from time to

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time maybe go to startups and try out new

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things or a lot of times people want to go

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into the managerial position in which they go

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and become a program manager a product manager

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or they just become a manager at their company

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and we're an engineering manager for their

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team so i think a lot of people there's like a

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difference between like becoming a leadership

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versus becoming a software engineer and just

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coding and i think one of the other things for

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software engineering is that you can

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definitely be able to go into mba or you can

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start with a startup on your own and there's a

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lot of different choices that you can have

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with software engineering because you have the

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technical skills in order to i guess make a

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difference or make a change in the world i

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would say for consulting i'll do in a very

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consulting way or giving you three dot points

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you either stay or you go or you go and then

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come back so when you stay what happens

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usually is you just keep climbing up the

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ladder in the consulting firms you start off

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as a you know like a sort of a junior

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consultant go to be a senior consultant and

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become a case team manager where you manage a

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whole case which is what we call core projects

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with a client and then you keep moving up

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usually becoming like senior management or a

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partner of a firm which by which time you'll

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be managing you know a very big function of

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the firm more like you know being one of the

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global uh executive offer so that's always

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their pathway over there but a more common

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pathway is people will join consulting firms

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for a few years to accumulate uh experience

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your skill set and interpersonal skills and

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they hope helps they take what they learn what

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they experience here to go to startups to go

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to investing firms or to do not-for-profit or

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become like olympic athlete people down there

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before conference um and then you just you

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know do all the different kind of things and

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still remember that you're a consultant and

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you have this whole network of consultants

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from your firm to follow on to you if you want

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to like you know make business or

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opportunities happen and another thing which

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is i think very unique for consulting firms

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people like come and go why because think

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about it this is the industry that people like

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do uh you know for a living by solving

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different business problems how do you get the

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experience of solving different business

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problems well by going to different businesses

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so a lot of people hope out of consulting to

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run their company or be an executive and they

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come back fun fact one of my uh senior

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managers he was he started at my company and

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then he hopped out to start his own french

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dessert shop chain in new york because he's

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from france and then he came back and then now

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he does a lot of consumer you know uh cases

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and firms so that happens a lot so there's

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really a lot of possibility in how you want to

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do it awesome thank you so much for being here

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today with us peter hope you guys learned a

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lot about um consulting path in the software

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engineering path in general and hoping this

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video would help you to basically like

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understand or make a decision about your own

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00:16:11,220 --> 00:16:13,554
lives comment below if you have any further

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00:16:13,554 --> 00:16:15,996
questions for me or peter about consulting or

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00:16:15,996 --> 00:16:18,330
the software engineering path comment below

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00:16:18,330 --> 00:16:20,718
and i'll be basically be able to answer them

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00:16:20,718 --> 00:16:23,214
as soon as possible and also make sure to like

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00:16:23,214 --> 00:16:25,656
and subscribe for the youtube algorithm thank

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00:16:25,656 --> 00:16:26,959
you so much for watching