Hi,
I just started as an Analyst at Accenture and I have been in the recruitment process with EY for quite some time before that. EY has recently offered me a role as a Senior Consultant which pays more than my current role. I am having a difficult time deciding on the offer because I'm really enjoying my work and environment at Accenture at the moment. Any advice on making a decision would be appreciated.
Thanks.
They're peers. So it's really a personal decision: do you want more money, or stay in a place where you already know you are happy.
A few things to consider:
Please do remember that pay increases are high when you are promoted. A better pay on the other side may just be a temporary bump.
Finally, you can try to figure out if there's a pay gap between the two companies, and whether it is going to be addressed or not (you wouldn't want to move for +15%, and 2 months later everyone at Accenture got that same 15% increase…).
Finally, being in a team who believes in you and supports you has enormous value.
Hope this helps.
Hi there,
Q: I am having a difficult time deciding on the offer because I'm really enjoying my work and environment at Accenture at the moment
I would prioritize long-term goals over the salary increase (which doesn’t mean you should necessarily stick to Accenture – EY might provide more salary AND better exits/opportunities, depending on what you want to do).
In general, to decide between offers I would consider the following:
In terms of future exits, you can check them as follows:
Best,
Francesco
Thanks a lot for the advice Francesco. I'll incorporate these factors into my decision making process. Despite my affinity to Accenture, I think the seniority and large difference in compensation at EY weigh heavily in the decision making process.
On top of other answers, network with people at EY to understand and compare with your current role at Accenture:
Best,
Alberto
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Hi there,
I would say they are comparable firms in terms of reputation. You currently like your job and environment which is important. The new offer is a black box - it could be on par but it could also be worse. A little bit more money for an unfavorable environment is probably not worth it. However, you will not know the answer to that question unless you take the risk.
I would look at a 2-3 year timeframe when comparing compensation packages. If after such a comparison you believe that the new offer significantly gets you ahead financially, then it might be worth taking the step. This of course neglects any content considerations of the kind of work you would be doing. But I would assume that you hadn't applied for the role if you wouldn't like it - at least in principle.
Best of luck
Hi Dennis, your comment is mush appreciated. The pay bump would be big (50% more). Currently, I'm training as I entered the graduate program so I would be promoted in approximately 2 years from an Analyst to a consultant at Accenture while I would come in as a senior consultant at EY. The role at EY would be around AI which is an area I am quite interested in but once again the work that I would be doing and the people that I would be working with is pretty much unknown.
There's a lot to take into account and I would need to understand more about your situation in order to give you a proper perspective
but
my first instinct is to say that you should never switch jobs on compensation alone.
If you happen to have found an environment that you like, that's amazing and you should stick with it.
There are also transaction costs in switching from one firm to the other that you need to account for, which then makes the compensation less attractive.
Best,
Cristian
Thanks for your insight Cristian. The pay bump would be big (50% more). Currently, I'm training as I entered the graduate program so I would be promoted in approximately 2 years from an Analyst to a consultant at Accenture while I would come in as a senior consultant at EY.
Thanks a lot for the advice Pedro. I am also concerned with the recent layoffs as Accenture had way less than EY. Also the pay bump would be big (~60% more). Currently, I'm training as I entered the graduate program so I would be promoted in in approximately 2 years from an Analyst to a consultant while I would be a senior consultant at EY.
Well, from the financial and career progression point of view EY seems to be a clear winner... not sure how to read into the layoffs + the fact that they are giving you an offer. On the one hand, higher layoffs suggest that they had a higher drop; on the other, it may also suggest that they may have overdone it (and thus being more aggressive now on the hiring side) and that would also mean higher likelyhood of being promoted when the market picks up - which one is the truth only through networking/talking with employees, but one way to know is to check whether the utilization rate of consultants is high at your current firm (i.e., are many people on the bench / without project? Or almost everyone is doing client work?)
(edited)