required background): - MF/UMM Private Equity Deal Team (MBB, essentially pre-MBA only) - Venture Capital (MBB/maybe T2 depending on fund + preferably you'll have founder experience) - Tech BizOps/Product Manager (MBB/T2 + technical chops for PM) - MM/LMM Private Equity Deal Team (T2 that does CDD work, eg. If you're just starting a consulting business, the best way to determine your rate is to divide your former salary by 52 work weeks and then divide that number by 40 (the number of work hours in a week). I keep thinking when I read these forums how obsessed people are with MBB. 101 Investment Banking Interview Questions, Private Equity Vs Venture Capital - Differences And Similarities, Venture Capital Associate Fielding Questions, Certified Consulting Professional - 1st Year Analyst, Certified Private Equity Professional - 1st Year Associate, Certified Hedge Fund Professional - 1st Year Analyst, https://www.wallstreetoasis.com/resources/skills/finance/down-payment, Certified Consulting Professional - Consultant, Certified Venture Capital Professional - Consultant, Certified Consulting Professional - Principal, Certified Investment Banking Professional - 1st Year Analyst, Certified Consulting Professional - 1st Year Associate, Certified Asset Management Professional - Accountant, Certified Investment Banking Professional - 2nd Year Analyst, Free Inventory Reserve Schedule Template Excel, Certified Real Estate Professional - Investment Analyst, Certified Consulting Professional - 2nd Year Associate, Certified Consulting Professional - 2nd Year Analyst, Certified Corporate Strategy Professional - 3rd+ Year Analyst, Certified Private Equity Professional - Executive Director, Venture Capital 4-Hour Bootcamp - Sat May 20th - Only 15 Seats, Investment Banking Interview 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat July 15th - Only 15 Seats, Have incredible subject matter expertise (e.g., PhD in a life-sciences or computer science field), Have an incredible network (e.g., know all the entrepreneurs and, Evaluate markets to identify potential investment opportunities ("market scans") (this is done by attending conferences, meeting with bankers, and simply doing research online). These attributes are useful in both their career life and personal life. (Based on 15 salaries submitted by Glassdoor members with the title, Consulting Principal). Deloittes US headcount grew 25% to more than 86,000 last year, according to a company report. At Deloitte, our purpose is to make an impact that matters by creating trust and confidence in a more equitable society. M&A strategy projects do exist but are harder to come by (Bain wins a lot of that work). Deloitte Consulting Exit Opps (Originally Posted: 02/27/2013). Change your Analytics and performance cookie settings to access this feature. One of those lights, slightly brighter than the rest, will be my wingtip passing over. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. , Does Deloitte have a high turnover rate? With that said, you got some sound advice at Monitor. If you are interested in learning more about these operating teams, take a look at this white paper done at INSEAD (may have to copy and paste link into your browser): http://www.insead.edu/facultyresearch/centres/global_private_equity_ini. See how we connect, collaborate, and drive impact across various locations. See Terms of Use for more information. See how Deloitte can support your professional goals while advancing our shared values. , Accidental death and dismemberment (AD&D) Insurance. As for HWS placement, I think the difference between an applicant from LEK/Monitor will be miniscule. You'll find most industry jobs have a lower base, and some companies give really good bonuses of 30-60% base. Expert's cheat sheet to rock your first few months and get promoted fast in consulting firms - consulting mindset, resource management, client management, and work-life balance. Coming out of any management consulting program, it will be difficult to break into PE as you don't have modeling experience, likely don't have vast connections in the industry, and don't have detailed industry experience in HC or tech. , What is the average tenure at Deloitte? Agree with this. Life does not, despite what this forum may say, begin and end at M/B/B. At SC level, you're probably looking at a business analyst, PM, or product manager position in a Fortune 500 company. Sed ut omnis expedita quia ea. Monitor -> Harvard. This, three most valuable skills that every consultant has acquired, Last, ex-consultants have strong support from networking with, three core attributes of achieving, leadership, and problem-solving. Tahtouh, Daichi Tanaka, Ren Theunissen, Benjamin Thornhill, Andries van Dijk, Markku Viitanen, Anush Viswanathan, Tyler Welmans, Anna Wiacek-Kocot, Amanda DTTL (also referred to as "Deloitte Global") does not provide services to clients. Soluta eos ut nostrum asperiores. If working 9 to 5 is important to you, contracting might not be the best career choice. Tomoyuki Kibe, Andreas Klein, Jaakko Kontiainen, Tilman Lesch, Mark Lillie, David Linthicum, Joe Little, John Low, Daniel Martyniuk, Josh Massad, Rob Massey, Ingo However, in tough economic times select firms will significantly tighten hiring and raise the bar on promotions. In other words, what is the day-to-day life of a typical M&A project at Deloitte?3) What are exit opps like? Please enable JavaScript to view the site. I am a finance major seeking for a break into IB or other finance jobs. Also, if I want to switch to MC role, how should I approach it ? Any suggestions or comments would be much appreciated! EY M&A/Valuation vs Deloitte S&O exit opps, etc.. (Originally Posted: 01/03/2014). The average employee at Deloitte makes $91,919 per year. /s In reality, not much worse - there's a lot of overlap, but as usual MBB tends to have a slight advantage. This message will not be visible when page is they closed a lot of offices and I heard they pretty deeply hurt. I'm curious to see how you made your decision because I also have an offer with Monitor Group London. VC shops may have 1-2 associates, but they are mostly partners. Deloitte likes to bill the position as primarily business-driven, and most people here are either Business or Math majors, very few from comp sci. For example, in my MBB class, two went to law school, two went to med school, two went to culinary school (seriously), and several others went to get an MBA. If you are overcoming hardships, we wanna help! While majority of Big 4 staff are in fact employed in these traditional lines of service . This will give you the hourly rate you were making before. Explore Deloitte University like never before through a cinematic movie trailer and films of popular locations throughout Deloitte University. articles a month for anyone to read, even non-subscribers! No they're not. Also how are the exit opportunity for an analyst . From pre-pandemic to late 2021, resignation rates jumped nearly 60%. This pressure leads to higher stress levels. LEK's strategy work can at times be on par with MBB. We offer short-term, project-based work, long-term assignments, and international transfers. read the full report. Data breaches, unhappy clients, and income uncertainties can happen to any consulting business. Esse sequi sunt sit et voluptatem non architecto. Average Deloitte Senior Consultant salary in India is 22.7 Lakhs for experience between 5 years to 12 years. Et assumenda corporis aperiam quo blanditiis. How about a b-school, given that I won't have any pre-MBA IB experience ? Please enable JavaScript to view the site. I'd like an honest assessment on whether I should stay in consulting or look for a new job because I'm not cut out for it. In numquam alias reprehenderit incidunt deleniti. This, Last, ex-consultants have strong support from networking with, three most valuable skills that every consultant has acquired, large support network and extensive sources, three core attributes of achieving, leadership, and problem-solving. Maiores non exercitationem commodi rerum iste. Portofino, el pueblo italiano que te multa por tus selfies, The Difference Between ETF And FOF Turkish Experts Clinics, High-power charger for electric vehicle market size to grow by USD 40,486.62 million from 2022 to 2027: Increasing EV sales to boost growth - Technavio, Fiks Je Stage Bedrijfskunde Bekijk HBO/ WO Stages, ABL Wallbox, Elektroauto Ladestationen von ABL gnstig kaufen - ChargeShop.de. I think (I do not have a large sample size for this assertion) that most Accenture/Deloitte alums who choose to attend grad school (either right after consulting, or after their job they did after consulting) get an MBA. Join us as we shape the future of #retail together and witness our impactful and Michelle McGuire Christian on LinkedIn: Deloitte at the World Retail Congress 2023 Our technology case studies form a collage of how pioneering leaders and organizations are building distinct facets of the future, today, through emerging (since I am in IT role atm), if you're set on going into banking after mba, you should obviously try to attend a top 10 mba program, and network your balls off also, you need to get lucky with economy. Rodrigo Oliveira, Sejal Patel, Nathaniel Paynter, Lilly Pencheva, Timo Perkola, Angelle Petersen, Dalibor Petrovic, Felipe Piccirilo, Brett Raux, Nicholas Reed, (Video) Quitting Consulting? Also, a surprising number go into non-profit (TFA, Peace Corps, other non-profit). (Video) Investmentbanker vs. Assets: Undoubtedly, your comprehensive skill set from working in prestigious management consulting makes you a strong candidate. And 35% of those surveyed highlighted this as a major reason for quitting. For example, specialized funds such as mezzanine debt require a solid finance background, so hedge funds or institutions will prefer investment bankers to consultants (with the only exception in deals). Watch the video and learn how building trust is the key to unlocking Join 90,000+ on the #1 consulting prep channel! I can't seem to find any old threads that address the exit opps that come after working at Accenture and Deloitte. Booz Allen Hamilton. 4. Simply link your email orsocial profile and select the newsletters and alerts that matter most to you. Exceptional organizations are led by a purpose. Assets: Similar to when you found a start-up, consulting skill sets and background are your strengths. WSO depends on everyone being able to pitch in when they know something. Have accepted an offer to Deloitte S&O out of undergrad. It is very difficult to break into VC from any firm straight out of undergrad. Your RM can help you get to the list of project opportunities you can apply for. I think (I do not have a large sample size for this assertion) that most Accenture/Deloitte alums who choose to attend grad school (either right after consulting, or after their job they did after consulting) get an MBA. 3. tech's full potential. Each role or tenure has their own unique activities and responsibilities. Great to hear that, thanks. But how about auditing and Shell finance, any insights? The Big 4 companies are renowned worldwide for their reputation and prestige. The smaller the tech company, the more demanding. Overnight on Wall Street is morning in Europe. Hence, very small need for associates at most VC shops. Accenture Systems Integration I'm a cyber security Gps analyst campus hire . Note: Your primary job as a Principal is to sell projects and manage clients. In fact, there are many fruitful startups founded by ex-consultants like Udemy, Compass, Common Bond. PricewaterhouseCoopers, Ernst & Young, Deloitte and KPMG always find their way to the top of any survey. I know these two firms don't compare to MBB but you can't put your eggs in one basket (or even 3). With MyDeloitte you'll nevermiss out on the information you need to lead. As growth in select practices moderates, we are taking modest personnel actions where necessary. He declined to say where growth was slowing. Essentially, I'd look for the M&A keyword and filter out the people that work in transactional services as CF and TS are two different things. Thanks for the comments so far. A bit of more info, the partner told me about the pay in final interview. Top consulting firms by salary, benefits, and exit opportunities. works at Deloitte Accounting Exit Opportunities Accountant opening at bleeding edge lender to high growth, venture-backed consumer/retail start ups. What's the exit opportunity from Accenture as an IT consultant ? Michael Roos, Axel Rupp, Basit Saeed, Stuart Scotis, Akitaka Senda, Laura Shact, Anjali Shaikh, Catrina Sharpe, Eduardo Silva, Raj Singh, Cindy Skirvin, Emad If it's a bigger CO firm then it's difficult unless you do an MBA. Having bad managers also drives people away, with 34% of more than 13,000 respondents stating that having uncaring and uninspiring leaders was why they left. I'd like an honest assessment on whether I should stay in consulting or look for a new job because I'm not cut out for it. MBB place well in PE, whereas it is tougher for Accenture/Deloitte. Assets: As mentioned, your consulting background and highly differentiated skills establish a great foundation for you to become a successful entrepreneur. The time to protect your firm from danger is before it ever happens. Future employers see Big 4 experience as a major stamp of approval that you have gone through a rigorous selection process and training. Granted, this could be an issue of self-selection, as my friends at Accenture/Deloitte are not interested and/or did not try to move to PE. The most logical progression from management consulting to PE, in my mind, is to join an "in-house operating" team within the PE firm. An associate's role at PE firm is to: Challenges: Most startups struggle with limited resources. The prestige of the consulting firms also makes you stand out from the pool of applicants. Manager > Principal/ Director. @"Myron Gainz" @"JonnyPi" -- I didn't see that OP is located in Europe, and, unfortunately, cannot speak intelligently to the comparative exit ops for these groups over there. Many ex-consultants achieved high positions in such firms, so the network is also your resource. 2. Certain services may not be available to attest clients under the rules and regulations of public accounting. I'd be interested to hear any further thoughts on this.. Congrats Buddy! Exit opportunities are numerous for MBB alumni, including top leadership positions such as CEO or vice president at Fortune 500 companies. Monitor + HBS Porter = Strategy god. But there seem to be a couple of votes for Monitor over LEK. They have strong links with the school, due to obvious Porter reasons and you have a chance of getting in. Haha, easier said than done. Junior Consultants Junior consultants are the workhorses of any consulting team. Any comments are welcome, thanks in advance !!
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