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Offer selection - which one to choose?

selection
New answer on Oct 24, 2023
8 Answers
297 Views
Anonymous A asked on Oct 18, 2023

I recently received two job offers in the field of corporate strategy from different countries and would appreciate your insights. Here are my personal decision criteria, listed by priority:

  1. Stability of Career & Low Risk of Job Loss
  2. Fit with Company & Positive Company Culture
  3. Exit Strategy & Options
  4. Financial Benefit
  5. Location (Suitable for Raising a Family)
  6. Adjacency to Home Country
  7. Brand Name
  8. Work-Life Balance

Here's a breakdown of the offers:

Offer A:

  • Outperforms in most criteria, except for financial benefit and adjacency to my home country.
  • The after-tax total package is 40% lower than Offer B, but considering the lower cost of living in this country, it remains competitive.
  • Offers a promising exit strategy with a strong global brand and opportunities to switch between divisions.
  • However, the potential to join a firm in my home country in the distant future remains uncertain.

Offer B:

  • Excels primarily in financial benefits and adjacency to my home country, with criteria #1 and #2 on par with Offer A.
  • Involves an industry with a niche focus, and while it's a public company, it may not be widely recognized.
  • The exit plan is less foreseeable, but there's the potential to switch to another corporate strategy role with similar skill sets and project types.
  • Provides an opportunity to gain experience in the region and expand my professional network.

If you were in my position, how would you go about making this decision? While Offer A appears to align well with my established criteria, the significant salary disparity makes me a bit hesitant. Your expertise and insights would be greatly appreciated.

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Best answer
Raj
Expert
Content Creator
replied on Oct 24, 2023
FREE 15MIN CONSULTATION | #1 Strategy& / OW coach | >70 5* reviews |90% offers ⇨ prep-success.super.site | MENA, DE, UK

Hello! Congratulations on receiving two job offers in the field of corporate strategy. I understand that you have a set of decision criteria that you prioritize. Let's analyze your situation:

Based on your breakdown, Offer A seems to align well with most of your criteria, except for financial benefits and adjacency to your home country. It offers stability, a positive company culture, and a promising exit strategy with a strong global brand. The potential to switch between divisions can provide valuable career opportunities. Although the after-tax total package is lower compared to Offer B, it remains competitive considering the lower cost of living in that country.

On the other hand, Offer B excels in financial benefits and adjacency to your home country. It is on par with Offer A in terms of stability and fit with the company. While the industry may have a niche focus and the company may not be widely recognized, it still provides an opportunity to gain experience in the region and expand your professional network. The exit plan may be less foreseeable, but there is potential to switch to another corporate strategy role with similar skill sets and project types.

In making this decision, I would recommend considering the long-term impact on your career goals and personal priorities. Evaluate the importance of financial benefits versus the potential for growth and development in a global brand. Consider the potential for future opportunities in your home country and the value of gaining experience in a specific industry or region.

It may also be helpful to reach out to professionals in your network who have experience in similar roles or industries to gain further insights. They can provide valuable perspectives and advice based on their own experiences.

Ultimately, the decision should align with your long-term career goals, personal preferences, and priorities. I would recommend conducting thorough research, seeking advice from mentors or trusted professionals, and potentially reaching out to individuals who have experience working in both regions to gain further insights.

Good luck with your decision-making process!

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Sidi
Expert
updated an answer on Oct 18, 2023
McKinsey Senior EM & BCG Consultant | Interviewer at McK & BCG for 7 years | Coached 350+ candidates secure MBB offers

Hi!  First off, kudos on having two compelling offers on the table! Navigating such a decision is never simple, but let's dissect it based on your outlined priorities.

Stability of Career & Low Risk of Job Loss:

  • It seems there's a draw here since both offers stack up similarly in this department.

Fit with Company & Positive Company Culture:

  • Neither seems to have an edge over the other. A useful approach might be to engage with current or past employees from both companies. Their feedback could offer invaluable insights into the day-to-day culture and environment.

Exit Strategy & Options:

  • Offer A clearly holds an advantage. Its strong global presence and flexibility across divisions promise brighter prospects when considering future moves. Offer B's niche industry might restrict your subsequent options, even if the skill set remains transferable.

Financial Benefit:

  • While Offer B leads in raw numbers, it's pivotal to juxtapose this with the living expenses in both locations. A 40% wage differential sounds steep but might be offset by lower living costs.

Location (Suitable for Raising a Family):

  • Research factors like local amenities, educational institutions, healthcare, and overall community vibe for both places to form a judgment.

Adjacency to Home Country:

  • Offer B wins here. Being close to home can be a significant advantage, especially when considering family connections and periodic visits.

Brand Name:

  • Offer A stands out with its renowned global reputation, which can be a significant asset for subsequent career moves.

Work-Life Balance:

  • It would be beneficial to further investigate this for both companies. Delve into aspects like expected working hours, flexibility, and vacation allowances.

 

My suggestion: Revisit your priorities. If the financial upside of Offer B is truly a deal-breaker, it's worth leaning in that direction. However, if you're willing to trade off immediate financial gain for long-term career benefits, Offer A seems more aligned.

Offer A ticks off more boxes, especially when considering future career trajectories. But if being near home and immediate financial rewards hold more weight, Offer B is also appealing.

Take a holistic view. Imagine your life 5 or 10 years down the line with each choice. Which path aligns more with where you envision yourself?

Whatever you decide, both offers are stepping stones to a promising future. Best wishes in making your choice!

Cheers, Sidi

_______________________

Dr. Sidi Koné 

(Former Senior Engagement Manager and Interviewer at McKinsey | Former Senior Consultant and Interviewer at BCG)

 

(edited)

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Frederic
Expert
Content Creator
replied on Oct 18, 2023
ex Jr. Partner McKinsey |Senior Interviewer| Real Feedback & Free Homework between sessions|Harvard Coach|10+ Experience

Thanks for sharing these details and your reasoning! Good starting point to think about prioritization criteria. I'd choose Offer A as I would optimize for mid- to long-term options and not just the monetary value today. So if it is true, that exit opportunities for A are more clear, I'd go with it. Warm regards, Frederic 

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Cristian
Expert
Content Creator
replied on Oct 18, 2023
#1 rated MBB & McKinsey Coach

Wow, you seem to have put a lot of thought into this. 

It's a nice framework. No wonder you got the offer :)

Based on your analysis, I'd lean towards option A because it sounds like it's also more aligned with your long-term goals. 

But overall, both sound great, so you can't really go wrong. 

Sharing with you also two resources to help you hit the ground running in consulting:


Best,
Cristian

———————————————

Practicing for interviews? Check out my latest case based on a first-round MBB interview >>> SoyTechnologies  

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Hagen
Expert
Content Creator
replied on Oct 20, 2023
#1 Bain coach | >95% success rate | interviewer for 8+ years | mentor and coach for 7+ years

Hi there,

First of all, congratulations on the offers!

I would be happy to share my thoughts on your question:

I would highly advise you to opt for the option that better aligns with your professional (and maybe even personal) mid- to long-term goals. In order to make an informed decision, I would advise you to do the following:

  • Weigh the different criteria that are meaningful to you independently of the current options (e.g., prestige, culture, international exposure, compensation, location). After that, score the two options based on your criteria and their weighting, resulting in two scores. This way, you have covered the left-brain perspective.
  • Critically assess your initial reaction to the outcome of the scores. For instance, if you feel the urge to tweak the numbers, this is a solid indicator that you do not want this decision to become reality. This way, you have covered the right-brain perspective.
  • By doing so, you will be able to integrate both parts of the brain into the decision-making, guaranteeing a higher chance that you will still be happy with it years later.

If you would like a more detailed discussion on how to address your specific situation, please don't hesitate to contact me directly.

Best,

Hagen

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Ian
Expert
Content Creator
replied on Oct 19, 2023
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

Hi there,

First, I would highly recommend you codense your preferences. 8 is far too many to choose from!

Try to just think about your top 3 criteria - that's all that really matter!

I would also highly recommend you hire a career coach to help you make this decision. It's such an important decision…it requires discussion (back and forth) with an expert to ensure you've optimized (also, you should negotiate!)

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Alberto
Expert
Content Creator
replied on Oct 24, 2023
Ex-McKinsey Associate Partner | +15 years in consulting | +200 McKinsey 1st & 2nd round interviews

Hi there,

While the final decision should be on you, I stick to my colleagues recommendations and go with option A based on your priorities.

If salary disparity makes you hesitant, make sure to prepare a good negotiation strategy for option A. Some consulting firms are quite rigid on negotiating offers but even those have some room for negotiation.

Best,

Alberto

Check out my latest case based on a real MBB interview: Sierra Springs

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Anonymous B replied on Oct 19, 2023

Thank you for your trust

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Raj gave the best answer

Raj

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