Assuming an economic downturn/recession will happen in the near future (1-2 years), how do “safe” do you view jumping from your company to a smaller consulting company?

I’m in the final rounds with a small consulting firm based in TX, but unsure if jumping would be the wisest choice given the current economic conditions — of course, staying at Accenture does not mean I’m not at risk of being laid off if things take a turn for the worst.

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Posting as :
works at
You are currently posting as works at

Aren’t we already in an economic downturn/recession? I don’t understand the 1-2 year statement

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Statement is based off of projections financial institutions have been reporting on (e.g., Goldman, Fannie Mae, Deutsche Bank, etc.) — it’s likely that we are actually currently living through a recession (6 months of economic downturn) but it isn’t recognized as one yet.

regardless, the question I asked is still relevant (imo)

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I think this is a good question. It really depends on the type of work they do and how stable their line of business and clients are. If they're in turnarounds and M&A, it may matter less. Other things may be more relevant; I imagine ESG, market research, and even some growth projects may take a back seat for cash strapped companies.

Personally, I may pry a little further into the type of work they do and if they expect the type of work or "way they help clients" to shift in the event of a downturn.

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Million dollar question. I’m also looking for an answer. I’m realizing it all depends on your situation. How much increase are you getting? Is it worth the risk? Are you that unhappy in your current job? Does this small company have better career prospects for you? Assuming worst case scenario is you move, recession hits and you get laid off, would that be absolutely devastating to you? Do you have a safety net if things go bad? What would you gain from moving and what would you lose (and vice versa what would you gain/lose from staying)?

How did they do with mortgage crisis again?

F

F

This is a good question to ask once you get your offer. It's a valid concern.

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