🐠 HELP evaluating two offers:
1. Stay at current company (real estate/tech unicorn). New title & role: Director of Corporate Development. Comp: Base $110K (same as now) + bonus 13% (same as now) + equity $80K (new)
2. Deloitte M&A Strategy, Diligence & Value Creation team. Title: Senior Consultant. Comp: Base $160K + bonus up to 25% + sign on $5K.
Similar WLB. Any thoughts would be much appreciated!
#1 seems like title inflation to me.
Yeah, that Director offer feels like Senior level, maybe manager. I just interviewed for an FP&A Director role this week at $200k, 20%, and 300-400k equity over 4 years.
Companies have a nice way of dangling the carrot in the form of inflated designations/titles. Don't fall for it. Money rules.
Don’t take Deloitte! That’s crazy high for a SC and your salary progression will be very slow after that. I know some Managers who get paid around 140-150. They push a high salary to get people in through the door. Also bonuses up to 25% are rare and you’re likely to be around 15%. If you think the equity may increase in value, stay. If your current company looks like it’s sinking, switch
Go to Deloitte
What is the vesting structure for the equity? And how is the valuation calculated?
If you think the founders might either exit or go for additional rounds of funding that stock could be quite valuable.
Also, did you already work in consulting? And what is the long-term "dream job"?
Great questions, thank you!! Unfortunately, I do not have visibility on the valuation and vesting questions. Other rounds of funding could come in the future.
I was already at Consulting, however a completely different team with more accounting focused, not so much strategy. Dream job is TBD, but Corporate Strategy/Development, PE work is interesting to me (not necessarily in tech).
Are you sure similar WLB? Deloitte M&A has longggg hours
SC1, How bad are the Deloitte m&a hours on avg? I know it's prob proj dependent but on avg
How big of a team would you be leading in the #1? If it’s an actual legit role (albeit low salary for the title), I would take that, work a year or two, then bounce.
Well I don’t know about you, but a director that’s an individual contributor is a director only in name.
Cometh to Deloitte
I doubt it’s similar WLB, but the numbers are telling you where to go.
D6 is spot on, I know of SMs with base salary of $180k. If you come to Deloitte your growth will be slow, will risk lay-off every year (due to your high comp) & forget the Bonus - if your stars line up & you are very lucky, that year you will get 15%
All the Deloitte fangirling here doesn't seem to jive with all those threads over the past few months about toxic leadership and people jumping ship. Are you all really going to sit here with a straight face and tell this person that WLB is the same?