Tier 2 strategy consulting vs. Deloitte digital ventures ?

Question

Hi guys, I'm an experienced hire with about 2 years experience.

I recently received 2 offers and I wish to have your opinions on this.

The first offer is from a tier 2 strategy consulting firm with lots of focus on DD/PE projects.

The second one is from Deloitte Digital - innovation & ventures practice.

my question would be:

Which one would have better exits and future development opportunities?

What are the potential exists for this venture builder/venture architect role? is it a better choice than generalist consulting?

--------------------------------------------------------------------

Update: thank you for all the answers, yes I think my biggest issue is that I am not sure which type of practice I would enjoy more and do better.

Thank you for your help

Answer 1

One helpful exercise might be to define in detail where you would like to be in your career in ten years and then work backwards to see the best way to get there (and which if either of these two options will best help you)

As others have mentioned, both likely have their pros and cons and it really depends on where you would like to go

Answer 2

Hi there,

Congratulations on the offers! In terms of your questions:

1) Which one would have better exits and future development opportunities?

In terms of brand, I suspect the Tier 2 may be stronger, however Deloitte could be better for exits in digital. You can double-check as follows:

Look for alumni of the Tier 2 and Deloitte on LinkedIn for the relevant regions
Check how many moved to your desired exit
Normalize for the size of the Tier 2 and Deloitte in the relevant regions

You can find a few more tips here for a similar question:

▶ How to Compare Consulting Offers

If you want to do extra due diligence, contact Alumni of your university (not current consultants) that worked in those offices (bonus if they worked for both companies). You will learn more in a 30min call with them than with any online research you may do.

2) What are the potential exits for this venture builder/venture architect role? is it a better choice than generalist consulting?

The best option depends on your goals. If you are keen on digital it could be better. However, I would still run the analysis above to check where the exits lead.

All the best for a great start!

Francesco

Answer 3

Congrats on the offers mate. These offers will take you down potentially very different career paths.

I would advise you to think through what you enjoy more. Is it really getting dirt and building from ground up. Or is it helping business get better.

Think about the work you have done and where you derived the most energy from. And relate that to both the roles and see which one has more of the work which you derive energy from.

You can see exits and career paths for both of these online which will give you a good idea of what can come next.

But it is really up to you to better understand which is the journey you want to gamble on. As honestly, no one knows for sure.

Pro tip: If you are very very unsure of what is the career you want to end up with, then consulting might be the right answer and you develop strong generalist skills on your path to figuring out the answer

Answer 4

I mean you're basically saying should I be a carpenter or an electrician…

You should pick the role that most interests you. Both of these are entirely different roles. Neither will leave you lacking for jobs/career…except for the one that you end up hating and perform poorly in.

Answer 5

The exits will be related to the type of work you will be doing.

Which one do you think you will enjoy the most? That's the real question. Because if you chose the one with “better exits” but that you dislike (or like the least), the exits will be… doing even more of that.

The better exits will be the ones that are related to what you enjoy doing. Do you want a more analytical type of role (understand competition, market analysis, value drivers, analyze business models), or help design/implement different technology related business models.

By the way, you should consider lifestyle differences as well, as time commitment and travel requirements are quite different (or were… not sure anymore given the whole remote work trend).

Answer 6

You are approaching this wrong..

Based on the interview experience and you own research which of the two is a better FIT both ways in terms of your values, career aspirations and risk profile. When there is a fit, you will enjoy the work, give your best and not worry too much.

Forget 5-10 year plan, no one knows what the world is going be like in 2 years let alone 5 years. Look for making the most of what you have now and grow from there. Dont make decisions based on $, peer pressure or some other factor which really is no in your control.

Have a look at this article for more guidance- https://www.preplounge.com/en/articles/how-do-i-know-which-career-is-right-for-me

Congrats and all the best choosing.

Answer 7

Hello!

In order to help you, it would be critical to know which company we are taking about, since brand is a huge component here. Please share and we can help further hopefully

Cheers,

Clara