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Just leave if they wanted to pay you now they could
If you have great support in KPMG and you like people you work with, you should not change jobs for a few months of incremental raise. Establishing your network at Deloitte will be very hard. Try to get KPMG partners to put their promises in writing. The only reason I’d recommend switching if you have nothing to lose at KPMG.
I think the incremental comment was related to the money lost over the 3 months while waiting for KGMG to do their raise vs taking the new offer today. It's still good money, but small compared to the effort of starting a new network.
Discussion about KPMG actually holding up their end of the bargain are of course a different conversation.
Get that ish in writing.
ATTENTION EVERYONE: I have come from the future and there was a FB thread from someone at KPMG who said that their Partners had promised to match a 45% bump in pay in 3 months, but then had to back out due to “unforeseen business / market conditions”. I felt quite bad for them indeed.
Oh and throw every last bit of $$ you have on DOGE - just trust me on this one 😉
Just jump. They are not going to get you a 45% raise in normal cycle. And if they could, they would have got it right away
I’d take D. Bird in hand is worth 2 in a bush
I saw some responses below that were recommending OP to stay but an opportunity doesn’t often knock twice at the same door
I’m an M5 at KPMG, I was promised a promotion and a match. It didn’t happen.
I was given a huge offer from a competitor and KPMG countered with a 50% raise on my base salary effective immediately. So it’s definitely not required to wait until FY end and there’s a good chance this promise does not come to fruition. Go to D.
Deloitte is a significantly better consulting firm and 45% is no joke. Forget your network. We work for money not fake work friends.
Mentor
Go to D
Go for it: nothing will be carved in the stone plus getting such huge raise on base salary would be hard (partner can propose it but HR must be fine with that). You could get decent amount of money as yearly bonus but would not be the same... you already know the job, network building will come by itself. If you have bad luck, at least you have experienced two different companies and starting from a higher salary baseline for your next opportunity.
Jump. D is a much better place. If you are capable and strong in your area, you do not need to worry about the network. Network will come find you.
OP - note that in most areas D is stronger than KPMG but not all, so make sure you do your own due diligence based on your specific function.
Do not trust them. I did it once and it was a HUGE mistake.
If you want to stay at KPMG because you like staying there, it’s okay but ask them to write and sign what they are promising!
^ this
I think it's fair to request you to wait two months to give you this bump. I'd say it will be easier to give you the bump at year end than trying to do it off cycle. If you truly appreciate the culture, like working with your peers and respect your leaders, stay. If that's not the case leave. This shouldn't be only about the bump. Or you would be making a short sighted decision.
D5 actually I don’t feel that way lol
Promises are the cheapest form of compensation.
Do it.
I was in your situation a few years ago and jumped to a competitor and don’t regret it at all. My yearly raises and bonuses have been way higher than when I was at KPMG. I loved my time at KPMG and the people but I really love making more money.
Also curious to which firm. Considering a switch in the near future.
I know a corner of KPMG where almost 2 full associate classes have left over low pay and the firm not even attempting to match competing offers. We are bodies to them, go get your bag.
Trust me, the « we have to wait for End of year cycle to give you a raise » is BS. They can give it to you any time if they really want. Source: happened to me. Just jump ship and enjoy D!
Is it really a lateral move or are you being “promoted”? 45% increase sounds like either your being promoted (so not exactly the same thing) or your being hired due to a hot skill set right now.
If it’s the later then it’s likely you’ll be getting a good bump in October. Equally after moving for a 45% increase settle down for modest increments after that. Typically when you look over 3-5 years these lateral moves all play out the same.
If your moving for a promotion then ask yourself if your really ready.
In the end the Big 4 are all roughly the same with a few pockets of differentiation. Career trajectory tends to be more important than a quick bump here and there. You’re an M2 so ask yourself where you’ll be best positioned to make D or SM.
All of the posts saying “they could do this tomorrow” are from people who actually haven’t a clue how these things work. I do comp planning and I’ve dealt with this situation many times. At certain times of the year we do have levers we can pull. Right now there’s zero chance of an immediate counter. We’re in the end of year performance and comp process so the funds that would be leveraged for that counter are tied up. I know. I’ve tried. If your SNL or SPML told you you’re getting X in Oct then you’re most likely getting X.
If the partner gives in writing, then I would concur. Otherwise, they are all slimers. First off, they are all pissed that you decided to look out they will screw you at first opportunity. Don't believe anyone
Jump and don’t look back for all the reasons mentioned above. This happened to me recently where I got a huge bump in $, declined the counter offer (which was a joke to begin with) from EY and almost immediately went from being a top performer and a valued employee to the Firm’s executive leadership not even wanting to do the ethical thing by paying me through my notice period.