{ "media_type": "text", "post_content": "Have an offer from Deloitte doing the exact same thing I do at KPMG for 45% more. Partners at KPMG have basically told me they can get close to matching but not until raises happen in October. Should I trust them or jump? Worried about having to build an internal network from scratch at Deloitte but also worried about getting screwed in October and getting like a 10% raise only. M2 if it matters. Thoughts?", "post_id": "60e5dd4ae814a9001cef3614", "reply_count": 87, "vote_count": 24, "bowl_id": "5ae4a4f739e7cb001391ec8b", "bowl_name": "Consulting Exit Opportunities" }

Have an offer from Deloitte doing the exact same thing I do at KPMG for 45% more. Partners at KPMG have basically told me they can get close to matching but not until raises happen in October. Should I trust them or jump? Worried about having to build an internal network from scratch at Deloitte but also worried about getting screwed in October and getting like a 10% raise only. M2 if it matters. Thoughts?

like
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

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.

like

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.

like

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

likesmart
Recent IconRecent

Just leave if they wanted to pay you now they could

likesmart

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 😉

likefunny

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

likesmart

I’d take D. Bird in hand is worth 2 in a bush

like

I saw some responses below that were recommending OP to stay but an opportunity doesn’t often knock twice at the same door

like

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.

likefunnysmart

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.

like

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.

like

I’m an M5 at KPMG, I was promised a promotion and a match. It didn’t happen.

like

Go to D

like

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.

likehelpfulfunny

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.

like

Deloitte is a significantly better consulting firm and 45% is no joke. Forget your network. We work for money not fake work friends.

like

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.

funnylike

D5 actually I don’t feel that way lol

funny

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!

like

^ this

like

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.

like

Also curious to which firm. Considering a switch in the near future.

Do it.

Post Photo
like

Promises are the cheapest form of compensation.

like

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.

likesmart

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.

like

Go to D

like

If they wanted it to happen, they would make it happen. Leave.

like

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!

like

Related Posts

How can I set the stage this year to negotiate a lower billable hours expectation instead of a raise? As a woman I'm hesitant to be open about my reason: I want more time at home with my kids. I lateraled to this firm a year ago for WLB and they are indeed flexible on WFH which helps. Salary is a bit below average for mid-size firms like mine in my area, and I didn't get a raise or bonus this year because I didn't hit the billable target (1900). Ideally I'd keep my salary but go to 1600 hours.

like

ITRA Senior 2 - please post your salary and if you belong to low or High COL

like

What is the Associate level base salary at A.T. Kearney?

like

How does comp at Digital McKinsey compared to the advisory side?

like

What's factors comprise the amount of bonus an employee receives at the end of the year?

like

Will Big 4 let you stay as SM if you don’t want to make partner but are still hitting SM targets? Once you take the promotion BS and partner-promotion-chasing out of the equation SM is quite fun!

like

Whys the % salary increase for Federal BTA to Federal Consultant?

like

Deloitte Advisory Consultants going into their second year: what % was your raise?

like

Anyone have any guesses or insight as to what the salary is for a new federal partner?

like

How would you approach asking for a promotion at year end this year?

like

does anyone have a compensation benchmark for non-partner senior levels (manager, principal etc) at MBB in Brazil?

like

I’m currently an IB analyst at a no name shop in LA. I’m employed as a 1099 and I currently get 70k/year + 5% of deal fees I’m staffed on. This makes my all in extremely variable as I made 210K in ‘19 and 70k in ‘20. We let someone go this year and I asked for a raise and he bumped me up to to that 5% from 4%. However we just signed up 4 new clients, which would greatly increase my workload as I’m the only junior guy. Would it be messed up to ask him to bump me to 100k base or I quit?

like

Anyone work for Jabian? Thoughts on the company as a whole? Also what is the salary range for an experienced consultant?

like

Anyone ever jump from Deloitte S&O to Cap One? Have some friends who seem to like it there and I'm looking to leave the D after upcoming promotion

like

What’s the BCG associate level salary? NYC

What would be a normal salary for an M1 in a LCOL city?

like

Hi Accenture 🐠, I recently moved to a different state and bought a 🏡 here. Can I still keep my affiliation with my precious office (SF)? Or do I need to switch? What is the policy? Also, I am up for a promotion. Will the change of office impact my promotion? Thanks.

like

Senior Manager Advisory salary at PwC for a tier 2 city?

like

What’s the Capgemini Invent compensation range for senior consultant? Glassdoor range is huge. For ref 7 YEO, would be looking for £75k - could that be expected?

like

About to be a first time parent, any recommendations for good books that can prepare me/ help me raising a child? Usually I don't like saying no(not a good trait as a parent) and want to learn some other things I need to be sure to not raise a spoilt brat.

like

Additional Posts

Would it look sus if I call in sick on a Friday?

likesmartfunny

What is the difference between getting life sciences consulting expertise at a life sciences boutique firm vs at bigger generalist firms (MBB/big 4)? How are the projects different and what type of experience do u gain?

like

Any opinions on Armanino? I have an offer from Armanino and other big 4's. Risk advisory and assurance. What I like about the team at armanino is that its very small and I might get more exposure. Not sure about the culture and progression and pay

like

How can I set the stage this year to negotiate a lower billable hours expectation instead of a raise? As a woman I'm hesitant to be open about my reason: I want more time at home with my kids. I lateraled to this firm a year ago for WLB and they are indeed flexible on WFH which helps. Salary is a bit below average for mid-size firms like mine in my area, and I didn't get a raise or bonus this year because I didn't hit the billable target (1900). Ideally I'd keep my salary but go to 1600 hours.

like

What is Ropes & Gray doing with its wfh/flexible arrangement when attorneys do go back to offices?

like

How is the WLB in London for Tier 3 consulting firms? (ACN, Big 4)

like

Looking for a Salesforce referral, anyone open to help? It’s director level. TIA!

like

KPMG announced no 2020 layoffs, but at this point, has any other firm provided this or a similar plan forward to protect employees during these times?

like

Does anyone have recommendations for a good maternity /nursing bra for larger boobs? I was a 30C before pregnancy and now I’m a 32G(!!) and no bra I try can hold these babies up😩 TIA!

likefunny

ITRA Senior 2 - please post your salary and if you belong to low or High COL

like

Hi Fishes, I am 11 months experience . I recently got offer from Hashedln as Associate Devops Engineer (Intern) + Devops Engineer 1. I wanted to know about Hashedin , how is the work culture? Do we get opportunities there and how is work load there ? How is the hike ratio in hashedin?

like

Do you think it’s reasonable to decline a job offer right now to another B4 due to market conditions and the pandemic?

like

What is the Associate level base salary at A.T. Kearney?

like

When the client pressures you into naming a date the audit can get done, and later that week you discover multiple serious issues that will require extended testing 😬

like

How does comp at Digital McKinsey compared to the advisory side?

like

Hi, does one need to know how to swim to do scuba diving? I can float and swim on shallow side but not in deep end but I really want to get a beginners diving certification. Please advice

like

Interviewed for a job and the interview, while grueling, went well. There was a panel and an exercise. I have decided it’s not the right fit for me. What is the best way to decline? I feel bad for the

like

What's factors comprise the amount of bonus an employee receives at the end of the year?

like

Hi all, has anyone in supply chain taken one of the certification exams? (CPSM, CPSD, CSCP) Does it help in any way besides refreshing contents about supply chain? I was thinking might be a good way to strengthen my resume (most of my career in investment analysis) but not really sure if it really brings that much value. Any insights appreciated. #supplychain #cpsm #cpsd #cscp #education #certifications

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

{ "isSet": true, "allowed": true }

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy.

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal