Am I making a mistake? Thinking about signing with Strategy& and giving up my 2nd year bschool reimbursement ($80k) from my internship.

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Yes, you are IMO. Unless you’re getting 80k + X% interest covered from S& and ~ 20% pay bump. Just stick it out until a promotion at A and you’ll have better exit ops. Also, with a foreseeable shaky economy, it’s better to be debt free and established at A rather than the new guy at S& cause guess what? 80k debt plus no job is a bad place to be.

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That seems like a mistake - we are in the same general tier. If you want to leave you should either get money or prestige because you are giving up the relationships you’ve built (at least in the short term)

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Dream on...

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My perception is that S& gets more growth focused projects than Accenture Strategy and that the forgone $ will be made up in less than 4 years. (Accenture bonuses are shit - my manager got the highest rating and got 6%). Im planning on staying in consulting for a while, but I believe exit opps might be better at S&. Am I wrong here?

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It’ll also require rebuilding your brand and network, easier to do at the firm you were at before bschool. That 2nd year reimbursement plus the extra bonus you get as a first year MBA more than makes up any comp differential (and there’s none for the first few years post MBA) you’d see down the line at S& in my opinion

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What’s the comp difference from Accenture to s&? Depending on what your goals are, I personally would if the comp is also higher significantly

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Depends on what you want to do. I think S& has Benifits in strategy work that ACN does not but I also would agree with some of the comments:
1) negotiate good signing bonus
2) push for salary and role you are comfortable with

80k a lot to give up. Curious if you mean you already got your MBA and will have to pay back or giving up the benefit of ACN paying. If it is the later... you probably can defer b-school and get PwC /s& to pay.

You are right on bonus. My m1 bonus matched you B school match.

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I’m a big proponent / believer in our firm, but in your particular circumstance. It may be preferable to not forgo the $80K

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The real question OP is are you in ACN strategy or not? All the advice here will be useless if you’re not. Also strategy has shifted to an standardized compensation model across levels and within levels regardless of geography so you’ll make the same whether you live in a T1 city or T3 city. Most likely negotiation for more $ will be a no if you’re in strategy, but there’s always exceptions...

I think so. I declined the Strat& offer bc they are still middle children at PWC. My classmates who went there were let go for lack of projects or quit for culture fit. Yr1 out of ASCDP you also get up to $30k still for your MBA bonus. S& bonuses are higher but also hard to achieve I think.

Not clear on the rating comment. Often we don’t really know our “rating”. If you’re DA, you know. I got 9% while a several of my peers got 5%. Different practices will still have different budgets once you deploy.

What vertical at S&? FS is mostly back office, cost cutting nonsense. You’re worth less than a 22 year old IB analyst, because at least their department brings in fees for the company.

BTW, at S&, your first year bonus is guaranteed to be Tier 3 (14%).

You are ranked against 2nd and 3rd year Seniors, that’s why.

Don’t buy the hype about the potential 35% or whatever it is bonus

CM is the group @S&1 (which is great for me). @S&2, I tried negotiating but S& did not budge as they don’t negotiate MBA pay. I have heard that they might revise the offer as well as raise pay across the board to match BCG’s comp increase. Not sure if I should hold my breath for that. I know for a fact that Accenture is not planning to do so as they just raised comp (still below S& across the board ex: Mgrs are 170-190 base).

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