Advice NEEDED for career decision

Deloitte startup
New answer on Nov 04, 2020
6 Answers
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Anonymous A asked on Nov 03, 2020

Dear community,

I have the following two choices for my next career move:

1) Business Analyst - Strategy at Deloitte (not a lot of things to explain here). Global brand and #4 Consulting company in the world.

2) Business Analyst - Pricing at Blueground (https://www.theblueground.com/). This is a fast growing startup, founded and run by ex-McKinsey consultants. The exposure to them is high, the responsibilities of the role a lot more than that of Deloitte and the salary is +50% of what Deloitte offers. The pricing department is very vital in the business model of this startup and it is a part of the Strategy Department. The career advancement in terms of getting to more senior roles is faster here too.

At the same time, I am waiting for a final decision from McKinsey by the end of the week, but I have to communicate an initial decision to the previous two as soon as possible and, of course, decide between one of them in case I will not have positive news from the Firm. My career plan is to pursue an MBA in 2-3 years from a top EU university and generally, Strategy Consulting is what I would like to pursue and work on.

Which of the two options would you suggest to me?

Any opinion from people with professional consulting experience will be very helpful.

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Best answer

Well, this certainly depends on where you want to end up in the long term.

Working for a startup can be very lucrative if you're getting equity AND the company actually becomes successful. This might open a door into entrepreneurship, in the long run, potentially angel investing, mentoring, etc...This is certainly a super exciting prospect if it works out. And there is the crux: it's a riskier move: If the startup doesn't succeed, you'll be starting from scratch some time down the road.

MBB offers a bit of a lower risk, but also lower possible reward than startups. You won't get (crazy) rich in consulting. But you'll have a high salary and a fast career progression. Exit opportunities are ample, but you'll be geared more towards corporate than to entrepreneurship (of course many exemptions exist).

Inho, Deloitte Strategy would probably set you up for a similar career as MBB, just with slightly less prestige and exciting exit opportunities.

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Anonymous A on Nov 06, 2020
Thank you very much Henning! Luckily, I will not have to make a decision as I got an offer from McKinsey! :)

Congratulations to your offer!

Actually, none of them will be an obstacle to your MBA.

Regarding your others questions I would ask yourself the following:

1. How do you see your work in Strategy Consulting? And how you see your future?

2. What would be your decision in case you get an offer from McKinsey?

3. Try to imagine as if you you are rejected one of the choice and how looks you future?

I would recommend you to ask these questions, because most of us can give here personal view to your situation^but in fact it may need a full consultation instead of just one reply.

Does it make sense to you?

GB

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Anonymous A on Nov 06, 2020
Thank you very much Gaurav! Luckily, I will not have to make a decision as I got an offer from McKinsey! :)

Hello!

It´s impossible to answer this question wihthout knowing in detail:

  • Your aspirations and long-term carreer goals
  • Carreer progression opportunities
  • True scope and responsability of each role
  • & many more

When I had to choose between jobs, I built a matrix with the important criteria and filled it, it was a great way to put clarity in the fog

Good luck!

Cheers,

Clara

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Anonymous A on Nov 06, 2020
Thank you very much Clara! Luckily, I will not have to make a decision as I got an offer from McKinsey! :)

I try to stay unbaised with career decision Q&As. However, in this case, I'll tell you now that I would personally pick the role at Blueground.

This is because, for me personally, a place like Deloitte would be horrible (I would get lost in the size, organization, bureacracy, politics etc.) Some people would thrive. I wouldn't. Secondly, the 2nd role just sounds exciting! You'll have a lot of opportunity to grow and learn. The ex-Mckinysers will train you well and will be well connected to place you in other exciting opportunities (outside the firm included.) My gut tells me the 2nd one will make you happier, more fulfilled, more supported, and more developed.

Again, I'm "baised" as I started in a small, fast-growing company and loved it, and have always hated the thought of working in a huge company! Take my advice with a grain of salt :)

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Anonymous A on Nov 06, 2020
Thank you very much Ian! Luckily, I will not have to make a decision as I got an offer from McKinsey! :)

Amazing and congrats for the offers! Killing it..

My tips to help you make the right decision:

1. If you can, do what you really want to do which will make you joyful & happy. This feeling comes from your heart/inner voice/sixth sense. Sleep on the decision, remove the emotions and see how you feel. Often people end up in jobs for all the wrong reasons- peer pressure, money, impatience etc etc

2. Don't plan too far ahead. The situation of the world and economies is unknown and the best scientists/leaders/politicians have no clue. Good to be cautiously optimistic and take it in short windows at a time (perhaps 6-12 months)

3. As with every situation/event/choice in life, nothing will be perfect. Be mindful of this and work accordingly. Regardless of which job you take, there will be ups and downs and you cannot make that perfect choice as there will always be something a little better. So remove this pressure

Good luck choosing!

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Anonymous A on Nov 06, 2020
Thank you very much Adi! Luckily, I will not have to make a decision as I got an offer from McKinsey! :)

Hi there,

First of all, well done with landing the two offers in this economic cycle.

If you want to do Strategy Consulting long term, Deloitte Strategy makes more sense and it would allow a smoother transition to MBB if you have to reapply in some years.

If you want to work in startups, build your own company, work in something VC related, the startup makes more sense.

For an MBA in a few years, both may work. If Deloitte may pay for it to top performers, it would be an important point for that option.

I would also consider as part of the equation your feeling about the people you talked to in the company and how much you feel you may enjoy working with them.

I would not consider money as part of the equation unless you strictly needed it short term or impact your MBA decision.

If you need more help, please feel free to PM me.

Best,

Francesco

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Anonymous A on Nov 06, 2020
Thank you very much Francesco! Luckily, I will not have to make a decision as I got an offer from McKinsey! :)
Congrats, well done!
Henning gave the best answer

Henning

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