Update*** Was aggressively recruited by #deloitte to come in as Senior CONSULTANT. YOE:5 Non-SWE (Agile/Project Manager roles) Current TC: 150k Yearly raises 3-4% Offer: 165k base 10k signing bonus 10-19% performance bonus yearly Coming in at roughly 42-49~k more than what I’ve currently got.
If what I hear from my friends are true then it’s very very cut throat and they’re not near Partner level
I can tell you about advisory, there is a big large backlog of SMs currently in line to getting promoted to PPMD (partner/principal/MD). There were no promotions in from M to SM in 2019 and 2020 hence the backlog. So you’ll be pretty far behind in the line.
Unless you bring in connections and really change the game and bring in a multi-milli client. It's not a joke
Hmm ok that’s a good perspective to know about. And yeah that’s very valid. Unless I’m bringing single handedly some unicorn client it’s not likely I’ll make it quick.
The performance bonus is fake, FYI.
Haha I’ve heard as much that bonuses don’t get paid out at Deloitte at times. Or subject to like tons of bs.
I am a newbie at Deloitte. How does the performance bonus work? I am not even having any performance evaluation being done!!
165k base for SM is low - MBAs coming in two levels lower are making that. Ask for more or find a better offer at a better firm.
Yeah I just got the official offer it’s for senior consultant sorry!
165k base for SM seems pretty low for the position, are you sure you are not coming in as a manager? Also, if you want to make partner, forget wlb, you are selling your soul and life to the devil. More so if you are coming in as SM because you will need to build a good supporting network within Deloitte and be able to present a strong value prop for your bid to partner in a shorter timeframe than someone that has been longer with Deloitte.
Thank you so much for this insight. Yeah it looks like I’m coming on as a Senior Consultant. So that leaves the pressure of sales gone but also the WLB situation is still here and then the future opportunities that Deloitte will bring up, either in exit ops or if I make partner.
You would still need Sales credit (Biz dev + POVs) as a Senior as part of your evaluation. But majority of your Chargibility should go towards Client projects at your level. Also minimize work on internal projects as much as possible…
Do you have an MBA? Base is on the higher end of SC. The performance bonus will pretty much never be anywhere close to 19%.
What role are you aiming for in FAANG?
I would look more for Project Management or even Product Management, since crossing over multiple teams/depts. is a blast and to push a product out is unlike any other experience, love that feeling of getting it out.
Product management at FANG is very different from Project management and both are very different than similar title roles at Deloitte. Also a mid level PM at FANG is Comp'd higher than most first year partners at Deloitte. (My first job was at Deloitte in consulting)
Do you want to continue consulting? If yes, join. You will learn more than at Synchrony. Are you familiar with the industry you’ll be consulting in….if yes, you could grow into a manager role after you sell/produce revenue for your line of business. Are you bringing a specific capability expertise as an Agile Project Manager?
Very Valid I think my issue is just the WLB. In terms of what I’d be doing joining Deloitte I’ve been informed it’s more Agile implementations at various companies/orgs. Of course the Sales piece at manager and SM role seems intimidating. I’d say I’m bringing expertise as I’ve lead multiple million $ projects with hundreds of millions $ on ROI as well. That’s high stake stuff that not just anyone can make happen and ensuring the senior leadership can have confidence to know that it’s being done to the highest quality (via myself connecting and working with the technical leadership) while either on time or ahead of schedule is a big deal.
As an SC you’re really selling the brand of the company by doing great work. At some point that convo becomes “you’re Org seems to be going through a digital transformation and there is a lack of transparency to your overall program releases. There are other peeps that can do this too at my company. I could connect you with my ‘capability and/or market lead’ to discuss opportunities to help your org”. (At some point….the performance review committee knows your name, you get promoted)
Get into FAANG (better WLB)? Do you know if your wlb would be better? I’m not sure what your current situation is like, nor do I know what roles are you targeting for me to comment. But just curious…
That’s fair, I just tend to think employees vs contractors there’s just an implicit bias and better working life when you’re regarded as an employee than a consultant. Plus Deloitte I’ve heard your standard billing is 45 hours minimum. So that’s 5 more hours already then what I’m working and of course with consulting you can have a normal 50-60 hour work week and be expected to suck it up. It makes it difficult to get growth and work on yourself when I might spend 50-60 hours just “doing my job” for a client. As far as roles targeted I’d say Project Management or Product Management is what I’d ideally like to do since I’m not sure FAANG is really bothering with Agile. Ideally would love to continue that, but I’ve seen how folks complain about it on Blind so I’m not sure it is even happening. I’m in Credit/banking today and most of banking is just making the switch however painful I hear from folks.
OP, I admire your detailed answer not just for my query but to everyone who has posted on here. I have never seen this on Blind! You certainly can tout patience/diligence/resilience to your strengths! 🙂
Just like any accounting firm, very hard
Yeah but this is consulting not accounting division.
I didn’t say accounting division, I said accounting firm. Standards are the same to make partner.