I have an offer to join Deloitte as a manager in M&A operations TC: 230k In parallel I’m in the second round for a specialist procurement role at Bain TC: 205k (assuming) based on data on the web I am being rushed by Deloitte to take and offer or lose 30k SOB so i likely won’t be be able to schedule Bain in time to know if I have an offer without losing at least the 30k what should do? Options below…
Never Deloitte
Wow didn't know Deloitte can pay that much. Is this high cost of living city? Also how many yoe?
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Same, maybe a big sign on and overestimating year end bonus?
Bain >>> Deloitte - 95% of the time. Slightly better WLB, similar compensation, better projects, much better exit opportunities
What’s the salary for SAP consulting service line manager at Deloitte?
150k-170k
Accept deloitte offer and do not join if Bain gives an offer( even at 205) You see deloitte tactics of making you loose 30k, that should backfire
The Deloitte M&A manager role is going to open many more door in future than a procurement specialist role. The up side could be very high, think PE, Corp Dev, IB. 30-50k difference now will be a smoke 3 years later.
This is largely incorrect, Deloitte M&A is not that prestigious or well respected in buy-side industry roles. I’ve seen managers convert to analysts at mid tier IBs, absolutely 0 buy side PE roles. As former Deloitte M&A senior i would never recommend the firm
But we are comparing M&A vs. Procurement here. What are the exits opportunity of Procurement? And how high can it go in 5/10 years time on average? Probably less than any MM IB or even in house Corp Dev role right?
Would do the same as many above have said, take Deloitte offer but push out start date. Finish Bain interviews and take Bain if offered but leverage Deloitte offer to bring salary up (also all firms just bumped pay so any data online is stale, very likely Bain will beat uncle D). Also I am former Deloitte M&A, can confirm it’s an absolute dumpster fire right now and they can’t fill seats, so you will get ground into the dust by week 3
Deloitte. The Bain job does NOT sound like a Consulting track job. I’d clarify with the Bain recruiter if this is a traditional Consulting track. If not, and it doesn’t sound like it is, then I’d go with the Deloitte M&A offer (assuming this falls under Deloitte Consulting and not Deloitte Advisory). Switching from non-consulting track to consulting track within MBB is not easy to do. Seek clarification from your recruiters.
This is great advice you need to confirm these things , advisory is a no no
Correct, I confirmed that this is a specialist track with Bain but it’s just procurement. My long term goal is to acquire or start a business. Deloitte is a means to a way to get an ROI on my MBA and exorcice
D sucks. Don’t go there.
I'd accept the Deloitte job and just push the start date our a month or 6 weeks. Do the Bain interview and let them know you have an offer on the table. If you get the Bain job then just renage on the Deloitte job.
Burn the bridge with Deloitte?
Yep. But you'll be working at Bain so it won't be a big deal