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Hello all, I have an offer from Quantiphi and another famous travel company which is building a technical arm for themselves. Both the companies are offering same compensation. HRs are calling for offer acceptance. I am leaning towards Quantiphi as the culture is well known to me.
But I have to decide soon. Should I accept both the offers and then decline one at the time of joining. I am new to this and find this a little unethical. Can someone help?
Bain & Company Hi everyone, This is an Associate from ZS Associates with ~2 YOE What skills/courses does someone need to become financial analyst in JPMC, MG, Moody's, MBBs and so on ? Or Just to enter as analyst in these firms ? ZS Associates JPMorgan Chase Morgan Stanley Bain & Company Goldman Sachs Moody's Corporation
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How would the highest salary I’ve seen help you? At this level, it is based on your capability and impact; it is competitive, otherwise you wouldn’t be talking to us. The band for MDs in Tech is quite wide as it is the most variable level skill experience wise with some folks who have been former CIOs and some who were promoted a minute ago from SM, so in all honestly, it is really dependent on what you bring to the table.
2 year conversion is incredibly aggressive considering you will need to build out your brand and team from scratch in an environment tough for professional services with first year essentially being transition year. You will need do all of the above plus sell and deliver revenue. I’d suggest you have more serious conversations to understand our process and support you will be getting, and expectations required to make partner. Plenty of ex ACN folks in the firm, so talk to them too.
No offense, but this post reads quite naive, so on that alone I’d say you won’t make it to partner in 2 years. That said, I could very well be wrong. I wish you all the best.
I’m not at EY and perhaps the P1 response was blunt, but it’s not wrong. Reading your question, it comes across poorly despite your objective to fact check the information being given to you from EY during the recruiting process. How you ask the question determines the quality of the responses.
You want to understand the comp offer on the table and the path from ED to PP. You didn’t need to say that you were told 2 years is standard, you could have seen from the comments that it’s difficult to get there at all, let alone 2 years. Ask the question if you see outside hires at the ED level make it to PP, and if so how long does it generally take.
Same with comp offer, you can ask if ED comp for X group is within a range of xx-xx as you are being given an offer and want to get a sense if that’s in line with what you see. Asking for the highest salary is not relevant as there are always outliers at a senior level, especially if they are bringing a book of business with them.
Won’t happen in 2 years. May not happen ever..
PP conversions happen but they are rare - much more common to see people going the other direction lately. Not tech consulting but have heard rumblings about PP book requirements being significantly increased in the last year
Interesting to hear that it’s rare, the way my conversations went I was informed that it was a very typical journey.
Thanks!
Mentor
There’s no such thing as a runway based on time. That’s a carrot dangling out of reach. It will depend on the book you’re driving and the way leadership perceives your ability to be margin accretive to the partnership.
Thanks for the information.
Close to 1m
Not likely. Need to be connected. You are better off taking $800k + on a W2.
Have had several tell me this is the way…
I’m not at EY. Is ED different than MD?
Same. US uses MD and globally it’s ED.
Agree with most comments above - 2 years is not typical - not impossible though if you are coming into some unique leadership role that’s establishing something new with its own revenue stream / book of business and its comparable with partner book of business at end of year 1 …what accounts you are brought on to matter a lot in my opinion - growing, strategic accounts or ones that have seen many come and go burn themselves trying to sell against strong incumbents …or highly political / sometimes toxic account leadership teams who are happy to throw MD’s under the bus if something goes south due to client’s own mess ….i did see some direct admit MD’s in Tech Consulting make it to PP in 3 years …and may be 1 or 2 of them within 2 years but it’s getting a lot more difficult now with current economy / market conditions…good luck with your new role at EY!