EY vs PwC
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Bain & Company I’m from Italy and will start my master’s degree at Oxbridge this fall. I got my undergrad from a target uni in continental Europe. I want to start my career in consulting, possibly MBB, in London. I know consulting firms tend to hire locally but I’d really like to work in London and that’s also one of the main reasons why I went for the Oxbridge degree. Anyone, who might have some tips, or went through a similar experience? McKinsey & Company Boston Consulting Group Bain & Company
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Pwc no brainer but I would try this first: Leverage PWC offer for EY to match
Explanation: SM to Partner requires sponsorship/support of senior leaders/network which you already have at EY and will have to start again at PWC (only applies if you wish to stay in consulting until Partner)
Rising Star
Good point on the network change. It makes a difference not only for promotion, but also ability to get on the better projects/sales opportunities to help you make better numbers, which impact bonus and speed of progression.
Just something to think about, SM is two steps away from partner at PwC. That said, it does serve as a good transition period between being a team lead/sme to being much more accountable for sales and client relationship.
Chief
As someone who joined at the M level it’s really hard to build those connections from scratch. If you feel confident you can do it, PwC will get you the SM title and salary faster. I don’t think it will do much to accelerate SM to P though because of the impact to your network/relationships
SM at PwC is two steps from partner because they have Director in between. In essence, you are as far from PMd as you are as Manager at EY.
Salary raise is certainly a factor but if you are 1-2 years from SM at EY and have a solid network and backing, might not make sense to switch to the same level at PwC.
SM and manager are very different be sure your not setting up yourself for failure for a promotion
SM at PwC is equivalent an experienced M at other big4. I made this switch from a SM role at a mid market firm to SM role at PwC, and I have to say it’s extremely difficult at this level to rebuild your network and internal marketing brand. Plus as a new hire you get staffed on the crappies projects nobody else wants. So I am not very excited about the switch. And I have almost 1 year at PwC. My advice, is ask EY to narrow the pay gap as much as possible and then decide. If you’re happy where you are, why fix something that is not broken.
No conversation is ever useless.
Just to add: not necessarily looking to become a P @Big4, because I would likely leave the consulting career and become self-employed, let’s say in 5 years from now.
Rising Star
Ok, stay at EY