A friend is pushing really hard to recruit me coming in as a Manager at Deloitte but I have some concerns:
1. 5.5 weeks of PTO
2. Bonus payouts close to 40K
3. Base salary for managers starting out at $155
4. Good work life balance (I call BS on this one)
5. Great culture. No up and out culture?
6. Rank managers based on a scattered plot
7. $25 signing bonus
Deloitte laid off a bunch of people last year and now are saying they had their best year ever?
Any insight will be appreciated.
Best year ever because they laid off so many people; now they’re trying to rehire several people back. I wouldn’t do it. Go to industry. Better work life balance & pay.
I would suggest not to join D. I joined a couple of months back and can say the culture is obnoxious. If you can take working in such a culture then consider it. D needs to address this issue if they really care about well being. I am not in a position to challenge management here on this. My CV is already up for grabs. The only issue is sign on bonus! I would suggest to get a better salary than a good sign on bonus. It binds you to stay on because you never get full 25k in hand but when you have to payback then you have to pay in full.
Do you have any specific examples that you can share?
Chief
$40k bonus —- no way. Try 25k, and then pro-rate that (divide by 2) since you’re joining in August.
WLB should be good - you’re the Manager so you have direct control there.
The performance management scatterplot is overemphasizes.
Confirming it’s not up or out
Pro
Performance year is March to March
My signing bonus was more than 25 items off the dollar value meal…
But what’s the concern with the 5.5 PTO? There’s also what works out to about 2 weeks of firm holidays too— including an extended break between Xmas and New Years.
It’s for consulting only, currently.
I would go to Tech instead if you can
1. We do get a significant amount of PTO. Those days are in addition to 13 firm
Holidays. Have to be diligent to take it
4. Varies from practice to practice. I suspect coming in as a new hire it will start slowly for the first couple months. Then when you fall in with the right group the work life balance will become more difficult to manage.
What are your career goals and alternatives? Is the compensation lower than what you make now, or could make soon? Are you planning to exit consulting anytime soon anyway?
Overall, it is probably better to be an M at Deloitte rather than an SC at a no-name firm, unless you plan to exit soon, are sick of consulting, have a better offer elsewhere, or your current firm is better in other meaningful ways.
Op, if you are bringing so much to the table, you will not be the object of a lay-off. Deloitte let go the lower 5% performers last year in fears clients were going to pull back or postpone projects.