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Hi, I'm leaving Citi in 2 months.It's hard to make this decision. I have an offer from a small startup.In citi, my previous experience was not considered and was reskilled to different tech which is the reason for change.I don't like to exit citi. As I like the company so much.But considering my current knowledge,I am in the middle of the sea.I am afraid now that the new company's offer would be revoked due to this recession?Or can I take back my resignation in citi before the last working day.Is this wise decision?
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From: This bull market, To: Me (2020 R8)
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Work culture: depends mostly on your industry alignment (health, tmt, consumer products, financial services), less so on your competency alignment (Corp and bus strategy, ops strategy, deals strategy, tech strategy, org/people strategy), and even less so on the specific client. You see variation across coworkers when you look at these variables, though I think with my own experience/hearing from others I’d say overall it’s a pretty high demand but not unreasonable working culture. There are tough projects and tough people who can make some engagements a nightmare, but it’s not the norm. Strong mentorship model and generally supportive people with good ops for development/growth. Some negative changes from pwc to our op model and incentives at the partner level that have made people a bit more territorial and less collaborative in the sales process, but it wasn’t perfect as Booz either.
Types of projects: strategic planning, growth strategy (market expansion, product/service growth, revenue growth), cost reduction, operating model re-org’s, technology or data & analytics strategy (never tech. Implementations), corporate due diligences but mostly in deals, project/program management, sourcing. That probably covers 90% of it and then the other 10% is random, uncategorizable work that ranges from very cool to very lame...I’ve personally had some very cool projects that don’t fall cleanly into those buckets I listed.
Exit ops: 3 main exit points I’ll cover, assuming you start out of undergrad - 1 year (leave as an associate), 2-3 years (leave as a senior associate, 4-5 years (leave as a mgr). Others exist but I know less about them. Leave after a year and you can do pretty much anything but you definitely start back at entry level. If you’re in deals or had due diligence project experience or just networked effectively, you could go into PE/VC. Otherwise any corporate strategy, chief of staff, variety of start up roles, maybe pivot to MBB as it still makes sense for some. Have seen strong exits and some people who I think made the wrong decision. After 2-3 years at post mba level, your options increase in terms of being able to join at the level above entry. Depending on the role maybe even as a manager (typically can negotiate leaving for a role above where you are in consulting if going to industry). Similar options exist but PE is probably less likely (at least after 3 years) without hard networking or being in deals practice, and if you didn’t get MBB after year 1 you give up on that since it wouldn’t be worth starting over. Some go to MBA at this point but that choice has been less popular lately. If you wait until manager (4-5 years), your exit ops peak imo. Director roles are possible so it’s a big cut ahead of someone who had to start out in industry from undergrad - maybe saves you 3-4 years.
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Thanks, this is very helpful.