{ "media_type": "text", "post_content": "As I prepared to file my notice, the partner of the firm called me and asked me to stay. They’re willing to promote me mid year in December and increase salary next year in August. The current offer I have gives 60% pay increase and Partner still can’t match that offer after promotion. Firm leadership says here I have potential to be a partner in 8 years and talk about all the leadership support I have rn which is fair. Is this one of their tactics to make me stay or should I just leave…", "post_id": "616bf1804e3809002eeda8af", "reply_count": 234, "vote_count": 60, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

As I prepared to file my notice, the partner of the firm called me and asked me to stay. They’re willing to promote me mid year in December and increase salary next year in August. The current offer I have gives 60% pay increase and Partner still can’t match that offer after promotion. Firm leadership says here I have potential to be a partner in 8 years and talk about all the leadership support I have rn which is fair. Is this one of their tactics to make me stay or should I just leave…

funnylikesmarthelpful
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To recap, you are a Consultant with only 1 year in in Consulting, and total 4 years work experience. 1)Your account partner who is also your Market Offering leader said they can promote you in December, believe them. Given its from C to SC, it should be easy and they are the decision maker. 2). Did Deloitte offer you a retention bonus? Or did they indicate if you’d get compensation adjusted in December? 3.) I’ve had Coachees that were C level and got higher offers at boutique LS firms and industry. You can always go somewhere for an initial bump, but what are you giving up that you need to think about? These are the questions I’d ask - what is your career projection? Do they have an established promotion path with a specific timeline, or does some else have to leave to get promoted? How ‘high’ can you realistically get promoted? How is their bonus structure yearly, what’s their guarantee? Do they offer a variety of projects to help you develop skills? Do they sponsor as much training opps as D? Where can the new role get you in 5-10 years? (Compare both) It sounds like you don’t want to leave and trying to justify not taking a higher salary. Given you have strong Partner and Market offering leadership support, I’d stay to fast track my career and get more experience in Consulting. You can always exit later. If you got a great offer now, you’ll get another one in the future too. And by the way, you can make great $ at the firm too. I went from 115k to 270k TC within 6 years, my pay will continue to increase as I go to SM and PPMD.

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At least stay to get SC title and then if you want to boomerang back in the future, you come in at M level.

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I am SM. They tell everyone that they see potential in them to become PMD. I have seen that being told many times. A lot have made it to PMD in the end as well. Question is, what is that you want to to? Also if you stay back in Deloitte, you need to be comfortable that for you to reach that 60% base, it will take 2-3 years. Decide based on these two. I had an offer from a bank when I was C that was willing to pay me 50% more. I turned out down. I realised working with a group that still uses mainframe was not where I wanted my career to be headed. Glad I took that decision. My friend though got an offer from a leading insurance provider and she quit. She is much happier than I am in Deloitte. Hence there is no right answer without knowing specifics

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8 years? Do you really think they’d even remember to honour that? Leave dude

likefunnysmart

Agree! Run, Forest, run!

Get it in writing. If they're not willing to put in writing, then they're screwing with you.

likesmarthelpfulfunny

Leave.. a 60% hike is pretty substantial.. if you like the new job great, if not, you'll be negotiating from a much higher wage level for your next one - even if you return to D or a B4 firm.

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Seeing this and your other posts, I'd let you go to the other firm.

likefunny

60% increase? Leave and don’t look back

likesmart

Guys thanks a lot for blowing up this thread and commenting your thoughts. I have accepted the 60% offer and can’t wait to start my new role. Even though I like D and they seem to like me but then again a 60% increase in comp. is life changing. I’ll miss D for sure but taking this decision just feels right. Probably my Partner and other senior leaders will hate me for not accepting their counter but I hope they don’t take it personally. Again thanks all for your comments! Definitely helped in the decision making process.

likesmart

I’m with P1: they maybe disappointed but I can’t see them being angry. They’ve been in this game a long time and see people leave all the time. And don’t forget, as long as you leave gracefully, they will welcome you back with open arms if they can make money off you.

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Leave 100%

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Way*

No dude. Dont do it. I knew people that accepted a similar counter. Literally 1 week after it feels like nothing has changed. Unless you love working there, the counter is the most typical consulting bs ever.

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Ok well, if you are not excited about the new company don’t do it obviously. If you really like working for D then you can stay, I think money is overrated early in career. My point was, consulting always makes rash ‘verbal’ offers when you threaten to leave but then don’t always back it up. So be aware of that fact, you may not get what they promised, it will depend on the current market conditions. So you need to figure out what you care most about: the $, the brand, or the opportunity you would get at new company.

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“I could see you being Partner in 8 years” is a huge red flag to me. You’ve been there 8 months and are a Consultant / SC. The candid truth is that it’s too early to tell. Take the offer. If you are as special as they say, I’m sure they would welcome you back.

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I’m a nee MBA grad 2020 with 3 years of industry experience and almost 1 year of D experience. Yeah but this new company is a small boutique company. I’ve worked for big companies all my life and literally wonder if my market value will take a hit if I were to work at a small company. I personally do get an ego boost working at a big company but then my bank balance sucks :/

likefunnyhelpful

Deloitte ain’t worth anything on your resume LEAVW

likesmart

Bro/ma'am Get The F@#k Out Of There Deloitte was a great start to my career. But only got better when I left. You'll be partnerfaster by leaving and coming back

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Leave!

likefunny

Take the offer

There is zero possibility anyone can guarantee partner in 8 years. In 8 years everyone and probably some of the partners will be gone, who’s going to fulfill this promise?

likehelpful

The other job is a 3 title jump im 2 weeks…..

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Check the trajectory of newly made partners in last 3 years for an answer.

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Why do you give the name so much weight? People want to work at d because of the opportunities to grow, cool projects, and potential to make money. If you don’t have that, then why stay? Part of it is also exit opportunities which it seems you have. I think you need to really look inwards on why you are staying for a name. Any job you take should be about your growth and financial future! A partner who takes calls on his boat in Florida doesn’t care about your bank balance.

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SC to P in 8 years is very hard at the current pace of promotions. SC to M is generally trending to 3-4 years, M to SM is 4-5 years now, SM to MD (MD being viewed as stepping stone to P nowadays unofficially) is minimum 4 years (because you need to have those metrics for 3-4 years). The math doesn’t add up against the promise made by the Partner. Also, keep in mind that the leadership shuffles every 4 years or so, hence the P making the promise may not be in that role in 3-4 years from now and with the new leadership no one can guarantee promises to be kept and honored.

likesmart

That timeline guidance is true but what you are missing is the fact that higher level promotions at D are primarily based on your network, which P likes you and how much pull they have (in this case, OP’s account Partner is also their MO head, lotto ticket right there). I’ve seen M-SM promotion after 1 year, and SM-PMD 3 years. There are people that deserve to be promoted who don’t get it, simply because their network doesn’t have as much pull, unfortunately. Regardless, OP should stay to get SC promotion so when they boomerang back, they can easily come in at M level.

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RemindMe! 8 years

funnylike

Sorry couldn't resist!

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funnylikehelpful

Move to your next job. You have already signaled. 60% pay raise at the new company is a bird in the hand. Promo and pay raise at D are two birds in the bush. 8 years is such a long runway to partner, only God knows what happens. Your support structure may crumble or he himself may leave in 8 years.

likesmart

OP - the people at D or any other consultancy are trying to get through this week and this month. They know if they can get you to hang on for another two months your other companies/offers will move on and you will have to spend another few months looking - so they bought themselves at least 4 months - most likely till the end of the project. The 8 years to partner is a fairy tale. Senior Consultant is just a word “Senior” - is that word worth a 60% increase that will forever change your pay trajectory? Be kind to your future self and choose wisely.

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Can you tell more about the money in absolute dollar amount? You probably will stagnate for a while so the money needs to be worth it for like 3 years at least. What does the new company do and are you excited about working there? If you’re considering staying at Deloitte why haven’t you pursued exiting to another consulting firm?

likesmart

Going from zero direct reports to 8 is a joke. I struggled going from 2 reports to 6 on the SC > M jump. It sounds like this boutique is struggling to hire so they’re putting you in a role that is beyond your experience and hoping for the best.

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This is a carrot being dangled in your face. If you leave now, seems like you could always come back and wouldn’t be left wondering “what if..”

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