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Bowl Leader
Hi Fishes, I need ur suggestions
Currently I am working in Pega tech, I am good at Java full stack. I have 1.5YOE
I am confused to choose between Pega or to Switch to Java full stack
Please share ur opinion to choose which tech is better in terms of compensation and career growth Pega VS Java full stack ? Infosys Tata Consultancy Cognizant Accenture India
thank
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Pro
Anyone else following Rocket Lab’s debut today?
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Strategy& fish - i’m currently recruiting for org strategy. Ive talked to associates (in the healthcare practice) and theyve mentioned that it doesnt matter whether youre in corp strategy, org strategy, etc and that you’re pretty much pooled by industry when it comes to staffing.
Can someone confirm this? Also, what do you expect the restructuring to look like?
Rising Star
Anyone have your work email connected to Tripit?
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^ Lol @failing. Couldn't be further from the truth 🤣
Accenture's second (current) meaningful foray into strategy is failing and so they're offering significant $$$s to hire better leaders. So, it is attractive for partners from all firms from that perspective. Not just a Strategy& thing. And at the same time it is still unclear how Strategy& partners move up in the PwC world, if they can at all. So that ambiguity creates some retention challenges.
Yeah.....well it's 2017 going on 2018. Let's bring in the NEW.
Remember in late 90's, Andersen Consulting actually had a significant presence hiring top school MBAs for their strategy practice. And at one point, even the new Accenture logo had the words "•Strategy•Management•Ventures•Consulting" or something like that. Quickly replaced a few years later by "•Consulting•Implementation•Outsourcing•Operations•"
Blame Tiger Woods for that downfall. 😂
I can think of 3-4. Likely were struggling to sell due to audit conflicts or lack of platform support and got good offers to jump.
Fair enough. But that was my point. ACN finally starting to offer market rate (and frankly, above that) to actually build a strategy practice. Looks like they saw Deloitte Monitor and PwC Strategy& and realized instead of wholesale acquisition they can instead pay more to individual partners without the post-acquisition integration pain. But to be clear even as recent as a year ago they could not attract enough strategy partner talent- hence my point earlier.
Oh that's right A1. I do recall competing with ACN for strategy work... in 2002
Everyone can "win deals when McKinsey is bidding"- that doesn't mean your practice is growing profitably and growing at the rate it's expected. I have certainly "beat McKinsey" but admittedly not because we had better capabilities but because we basically cut our margins to zero. If we can raise our rates for the same client for future work, then I would say we are competing well but just to be clear, ACN (as well as others) have not yet succeeded in their goal of having a high scale strategy practice that leverages the breadth of their relationships and account coverage generated by their implementation work. It will take many more partner hires and many more years to see if they succeed.
P1 sounds a little..........bitter.
It sounds quite truthful to me. I respect Accenture as much as the next consultant - more, even - but the firm has a long way to go in building its strategy and operations (non-tech) capabilities. Interested to see where it ends up in the next 10-20 years, though - I would personally bet on McKinsey, Deloitte, and Accenture to be the leaders in consulting in the long haul. Then again, consulting will have long ceased to be the most “prestigious” post-UG / post-MBA job opportunity, so I’m not sure how many people on this app will want to be part of that world.
My guess is that in 20 years, we will view consulting the same way we view P&G and GE today: they were the best places to launch a career in their haydays, but are now merely solid places to launch a career, having become too stodgy, bloated, and outdated to serve as the training grounds of future leaders. Three jobs stand out to me in particular (and I will include a fourth “bonus” entry as well):
(1) Product management at leading tech firms: I strongly believe that a large chunk of tomorrow’s corporate leaders will come from PM roles that blend technical expertise with strategy and limited P&L ownership at a young age. Google obviously comes to mind, although many other firms are launching their own APM programs (and I would be on the lookout for Chinese competitors like Alibaba and Tencent who will have tremendous access to talent and data).
(2) Speaking of data (no, not the cyborg from The Next Generation, though he would obviously succeed in the world that I’m envisioning), data science roles will be in ever increasing demand as ML and NLP mature and can be more seamlessly blended into strategy. We mostly see this in corporate roles today because they have the best access to relevant, usable data, but I wouldn’t be surprised to see a new breed of “consulting” firms in this space. Given some current incumbents’ efforts to capture the space, it will be interesting to see how it plays out from the perspective of the division of labor.
(3) We are seeing this more often, but analyst roles directly into top private equity firms will become more prevalent as PE firms try to get top talent earlier at less cost than they would pay an associate fresh out of IB or consulting. In the right type of program and given sufficient attention to training, these roles will have a compelling value proposition due to a high level of exposure to reasonably sized companies, breadth of exposure to business issues, and of course, competitive compensation.
(Bonus) With an increasing emphasis in STEM education and cultural acceptance of entrepreneurship as a career path, I can see highly talented students opting to launch their own enterprises given sufficient funding.
This is of course purely conjecture, but I don’t think consulting offers the same edge that it did 10-20 years ago. My feeling is that it is going the way of banking.
P1 you are both spot in and hilarious. Its nice to see someone on here that was in the game back in the early 2000s
I talked with some Acn strategy guys and they said they’ve won deals where McK was bidding
Maybe an answer to this question is that we are doing very well. In our Comms Media Technology strategy practice, we identified that the average sales numbers for our MDs was too high. They had a hiring plan to bring on a bunch of external MDs to help address and bring the sales number per MD down (global effort). Basically what they were saying was that people were selling too much (per internal targets) and needed more MDs to both sell and deliver. Sales are great, we want more, but you also need to be at the client to develop relationships and deliver. People were spread too thin
@A1, would you say it's doing relatively well? Looking to move into the Strat practice but apparently Strat bench is high so they won't even consider me
From what i hear experienced strat people are in short supply (as always). Newbies are never in short supply
Yep acn distanced itself from strategy really quickly around 2001.
I remember when they announced that tiger was our spokesman. I think it came down to him and michael schumaker
Accenture does well in IT strategy. Not so much in other areas
@P1, yes Accenture rates are no where near MBB. I have seen work go for McKinsey at 3x the rates Accenture sells at. Hey, good for them that they can justify that value. We are consistently raising our rates YoY. Have a long way to go, might not ever get to that level, but it doesn't mean we are not successful. We absolutely can affect tremendous change/value at our clients through our integrated end to end offering and already are. Are we doing that everywhere, no, but we are making it happen in market.
S1- curious, what do you think the prestigious post UG/post-MBA careers will be?