Deloitte Accenture - I’m a recent grad technology consulting right now and my TC is around $70K (I’m guessing 0 bonus). I have an offer to work as a contractor for the government, should I take it? My TC will be around ~$150K + overtime. The government position is a 1.5 year contract.
I know Deloitte has a strong brand that I can leverage for MBA admissions but at the same time it’s hard to pass up on an offer like this. Thoughts?
I would say do it. That contract will give you 10x more experience than any company would. It will make a much cooler story on any damn mba application or during any interview. Think about it. Everyone went to school then Deloitte then mba. You other hand went out there and spent a year as an independent contractor with the gov. I am saying this from experience. I was an entrepreneur when I was 19 and I played professional soccer in a small league. These two pointers always make me stand out.
This
One factor is will you learn and grow professionally at similar pace at the govt contractor job vs at deloitte.
I assume at Deloitte, you have opportunity to learn A LOT from business development, direct "technical skills", different clients and industries, trainings, etc , as well as networking across industry, locally etc. Keyword here is opportunity. Many people don't use the opportunity and just use it as paycheck.
I don't know the specific role for contractor. will you be working with a contractor firm that provides similar opportunities? Or just a body for staff aug but at a really good pay?
Also agree with the other posts about. From financial side , any benefits a big Corp would pay for such as unemployment, health insurance, add insurance, life insurance that you will no longer have.
From one new grad to another, passing up on doubling your TC just for the brand seems absolutely absurd to me. Go for it and don't look back
FTI1 - r/whoosh
Take it up, you can then move to Deloitte at the end of your contract in the GPS (Government & Public Services) practice. I’d assume they’d only be too willing to have you.
M&A is very different. You’d need to specify how your fit
Rising Star
Would you lose benefits? I’d estimate this is only a 50k increase accounting for benefits, but if you have experience, it could be worth it as long as the minimum of 40h/ week is guaranteed.
Yes but I’m a single male and my healthcare is covered by my parents job/business. I’ve been told it’s guaranteed 40 hours with potential 10-20 hours overtime during busy times.
You have an independent contract with the USG?
You’re trying to determine the long term impacts of a short term gain. I don’t think anyone here can properly assess that for you.
Personally, I don’t advise anyone to take short term, especially if it is not benefiting long term. You’ve indicated this is not what you want to do long term. Okay, then get on the path where you want to be long term. Thats the better objective. That’s just me though.
Additionally, I don’t know what your termination liability looks like but you could be severely exposed to a “termination for cause.”
Pro
These opportunities pop up all the time from LinkedIn recruiters. I’d build your capabilities with a brand name behind you since you’re right out of college. D will have not only the health and retirement benefits you won’t get from this job, but also training, reachback, and continuing education benefits that are worth tens of thousands a year as well. This is a case where I would not immediately chase the money
As someone on the tech side in GPS I say take the govt contract. Also If you plan to stay on the tech side MBA is not as valuable as Certs and experience. Not sure what your plan is but from the inside looking out go to the contract. Deloitte will be here. You’ll probably get a better offer after the contracting experience, but by the end you may not even want to work for Deloitte.
This is better position and much better rates.
Thanks for the info guys! Much appreciated. Connected with my partner at D who said if exit without burning bridges and I should able to come back to the firm. Prolly going to make the jump and come back after 1.5 years as a C1.
Wow. Is this the direct partner you are working for? Seem to have a solid relationship with them to ask that openly.
My initial hesitation is that it seems you basically asked, "im planning to leave for to make more money with this gig, could i come back after this gig is over?" which makes it seem like you will leave in the future if you come back whenever someone offers you more money.
That pending disruption to a team seems like high risk. And youre just keeping them as a safe fall back plan and will leave once something comes up again. (extreme analogy is telling your bf/gf you want to have a side fling but once that's boring, is it ok if i come back?).
This may be what a lot of people might be thinking, but you asked it outright? So for those other people it would take 2 moves for firm to know (leaving twice). Here it's just one move and sharing that info
In the big scheme of things, it probably doesnt matter. There are so many trajectories. You could join another b4, stay longer in that gig, join boutique, start your own independent firm, etc.
Thanks for all the responses! :)
I would say do it. That contract will give you 10x more experience than any company would. It will make a much cooler story on any damn mba application or during any interview. Think about it. Everyone went to school then Deloitte then mba. You other hand went out there and spent a year as an independent contractor with the gov. I am saying this from experience. I was an entrepreneur when I was 19 and I played professional soccer in a small league. These two pointers always make me stand out.
Also be aware that contractors usually get the short end of the stick when it comes to the type of work and extensibility. If it’s all about the money for you then take it but if you want to build the foundation for your career…I would think twice.
You need to be clear on what the “offer to work as a contractor” really is. The biggest problem is a lot of the “contracts” are at different levels in the government contracting process and some are still being bid.
Brand agreed - but you will be able to get more after your 1.5 exp from Deloitte. Also who knows your contract will get extended. Don’t let the
Opportunity pass by - if you are smart after 1.5 years you can can get anywhere. Good luck
Buddy!!
Rising Star
What field or area is the contract? Are you doing software engineering?
Go for it you won’t regret, All the best 👍