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OP - depending on what the other offer is, I would suggest your friend consider the Deloitte offer. Operating portfolio alignments are decided based on pipeline and business conditions. Regardless of where your friend aligns, the training imparted would be fairly similar for most analysts (unless he has been offered a BTA vs BA role). I’m no longer at D, but recall many Analysts who were staffed on certain projects primarily based on timing, luck and leadership preferences. I’ve helped many BA and BTA’s get staffed on roles that they were interested in and timing worked out. I always recommend D to all new graduates as the branding is great and the consulting training is awesome. Unless the competing offer is from MBB, I would not suggest your friend pass this up. Trying to nickel and dime over $1-$5k will not matter in 2 years, but what will matter is the experience and the branding. I was previously always shocked that entry levels were getting signing bonuses which in my opinion isn’t warranted but was simply because of increased competition. Think longer term and not just near term. Good luck!
Why avoid a T2? I think LEK or OW would offer more training and generally sexier projects and a cushier travel policy (if travel ever resumes) plus the chance for b-school sponsorship.
Analysts will land in a org group called “cross consulting group” in one of the OPs. Each OP has a CCG. The whole design of CCG is to allow analysts to work across offerings (within and even across portfolios). If there is something in his background that screams a specific OP, he might be put there. And OPs take different numbers of strategy-profile analysts based on their needs for those skills. Once here, he could network with people in industry / OP of interest to work there. I am in a strategy offering have worked with analysts from several other OPs. I wouldn’t make the decision based on that piece.
It’s true that analysts aren’t eligible for year-end bonuses. That has been the case historically, not specific to Covid or other current factors.
FYI CCG doesn’t really work like it used to. Very few analysts that were hired last year are still in CCG. D did the old bait and switch with regard to CCG
Nope that’s is right - that’s campus hiring now days - if he has no other offer then accept it if he has other T2 offers take other offers. It is what it is. OPs aren’t decided till pretty late they can change all the way up till a month or so before you start depending on where the need is
I’m not - just saying any T2 is better the D is a tier below but D is better than all other B4 besides their T2 arms
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What? He is not going to make $5B per year like 23 year old McK consultants?
Take all of this information with a grain of salt. Our recruiting practices have changed a lot this year. He’s probably got an offer for the Strategy profile, which encompasses a vast breadth of our OPs including human capital, m&a, strategy & analytics, etc. If he has an offer with higher base, I would advise he take it. Starting salary at D has fallen behind in recent years, and he should not expect any significant raise or early promotion in a year’s time due to the downturn. That, coupled with the fact that there is no certainty you’ll be in an interesting portfolio should seal his decision.
Definitely made an error in my comment above. I believe Deloitte was above b4 and on par with T2 (incl strategy parts of b4). Nowadays deloitte is on par (maybe slightly ahead) of b4 and behind T2. Given that staff pay is not differentiated across the type of work we do it would be almost impossible for us to keep up with T2 / b4 that differentiate their strategy arms (I.e S&)
That sounds right for an entry level analyst offer, guessing OP is S&A. Maybe could negotiate a starting bonus on top off base (~$2-5k). Analysts don’t get bonuses the first two years but sometimes get Deloitte bucks (aka prepaid credit card) spot bonuses once or twice a year worth $250-$500.
On the S&A piece, I actually am not sure. He was saying that he wouldn't find out until a few months before joining. Is there a way to specify in the offer letter that it's for a specific offering portfolio?
From what I understand, they don't negotiate campus hire packages. What they offer is "take it or leave it" - but maybe some campus hire fish have had success (personally I didn't)
OP - I am guessing that was for post-MBA (from top tier B schools) admit at the SC level.
Thanks all for your help! I'll recommend against the Deloitte offer to my friend based on everything you've shared and our other conversations.