Don’t come back! Do mbb
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The wait is killing me.
Anyone had their presentation yet? How did it go
Fixed or variable rate loan?
Anyone else apply to Wharton HCM?
Anyone hear back about the Kellogg partnership?
@D1, Because the firm has been moving into lower margin, lower skill work in a chase for revenue—which is part of the reason the firm has become bloated with minimally skilled morons.
At the same time, clients are becoming more capable with higher expectations, while many industries are becoming increasingly complex. This isn’t 5-15 years ago, when most of the work was e.g., operating model redesign, ERP implementation, and basic data analysis. Success will require thought leadership and highly intelligent, strategic thinkers, which are becoming ever more rare. I think the gap between Deloitte and MBB will continue to widen, and we’ll do mostly implementation type work, leveraging our scale, scope, and productized solutions (i.e., faster and lower cost of delivery). Of course, I am quite jaded—especially after being surrounded by idiots at CRAFT (peers and SM coaches).
The comp difference you mention is actually quite small when you factor in the larger base salary ($23K difference this year), higher bonus potential, and faster comp growth. Then you can factor in the exit ops, network, and lifetime brand value. As far as your reputation, that shouldn’t be an issue in MBB because you’re already highly capable
Anyone who doesn’t re-recruit is either lazy, or in a niche area or has such a strong network that they are in fact better off at Deloitte (in my opinion)
I came back and wish had this post when I recruited during mba
Yeah, don’t choke on your final round MBB interview(s)
Lol, I would rather just leave all of consulting. I had a meeting with a principle who is a lead of an upcoming practice/account/CoP/whatever and I walked away feeling that the firms mindset in this space was not innovative. Since I’m going to a HSW I rather not limit myself to just thinking about consulting. I want to take big risks, and I would not be able to do that if I returned and sought out that practice. But I understand people have different goals and consulting can get them to their desired role.
Solid goals. Make sure you work hard during school and don’t let off the gas—the competitive pool just got harder. Otherwise you’re just going to end up back here because most other options don’t make sense when you’re staring at 2 years of $260K+ CASH comp
I generally agree with the statements above. Question: do this mean I should I not bother with going through the gsap process
No, still do it. You get your bonus paid out even if you leave before September, a $3000 technology stipend, and one free flyback each year, and there’s no guarantee you’ll get MBB or something else that makes sense to take over GSAP
@OP - why MBB? Unsure of the benefit of leaving to go to a different consulting firm, taking on debt of tuition, having to start over with a new network and give up high performance reputation at Deloitte
SC1! Insightful inputs! Did u already do GSAP or are u looking at b-school tis year?
SC1 and D3 - Thanks for sharing these insights. Have always been debating abt the pros and cons in my head. And sorry you both missed recruiting while in school, I wish you both d best.
Interesting, don’t you have to report your internship to D while in GSAP? What happens if you take an MBB summer?
If they find out u did mbb you lose your gsap status
You have to report it in a form prior to summer. Not sure what happens if you lie, as you go through a bg check if you decide to come back and not sure if the explicitly check it. Another risk is that your Deloitte crew at you program may also tell the recruiting team in campus, as getting mbb is a big deal and ppl in ur program will likely know