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Anyone at Deloitte willing to give a referral
Who wants to get paid and refer me to Deloitte?
Moving from valuation to FDD. Yay or nay?
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Rising Star
Avoid the kool aid, and follow the cash.
Sounds like you’re still young, therefore you can afford to take risks.
Money isn’t everything. I have made that mistake before.
Also, I love AP too. By far the best career move that I have made.
Talk to your firm about the increase and tell them you have a competitive offer. If you do this you must be prepared to walk if they don’t counter.
Rising Star
Also, ignore the kool-aid comment. Liking where you work has real value. In that kind of situation, it’s good to try to close a money gap before you walk.
Rising Star
AlixPartners is a good place to be.
Got offered a 50% increase and took it. First job im actually bummed to leave- we have a tight knit group and very relaxed culture / wlb. My floor would have been probably around 35% increase. I considered future earning potential and exposure to work that will develop me further.
Thank you for sharing, M2!
Chief
I left Alix because of money (among a couple other things). I liked AP a lot but I’m still happy I made the move
Rising Star
It’s not often that you hear of people leaving AlixPartners bc of money
Rising Star
If you’re junior, I think you can ask for a raise and be ready to leave if you don’t get it. There’s probably more room to move vs. very senior roles.
Rising Star
Sure thing
I would leave. You may be gone for a year or two but can often boomerang back if you were a high performer with the higher salary the firm wouldn’t pay you. Happens all the time with KPMG.
I say all this as a person who has worked for KPMG for 9 years since I came out of college, loves the people I work with, and therefore never left but is now way underpaid. It is much easier to leave at 1 year than 9 because your network becomes much more important as you move up the promotion chain.
Did you negotiate when you were first hired, or did you accept the initial offer? I personally would not be willing to leave AP even for more money (unless it was a lot more) because I love the culture and the benefits are great here. But I am also likely older than you and therefore by necessity more risk-adverse.
OP I think 40% is a lot, you should take it.
But yes make sure you're comparing like for like (base preferably).
If Alix is your first job out of undergrad, I don’t recommend staying there. It’s an awesome firm with very experienced people, but it’s more of a get your work done and go home kind of place. Mentorship and training are lacking for younger folks.
What did they say when you asked for a raise?
Rising Star
Bring the offer up to them, see what they say. Be willing to walk away.