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Dear Fishes, I am switching for the ist time in my life in 8 years.Need guidance on which will be better in terms of wlb,job security and learning wise.offered compensation is nearly same in all 1.Harman(product) 2.Hitachi Vantara 3.Banking captives:-Deutsche,UBS, HSBC Yoe:8 Techstack: java,Microservices,Devops,AWS,Azure Harman Harman Connected Services Hitachi Vantara Deutsche Bank UBS EY Deloitte PwC Tata Consultancy Wipro Capgemini Cognizant HSBC HSBC India
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Go to the money - it’s not a step down for you. You lose the red tape and have more freedom to generate business and no audit restrictions
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The Big4s like the carrot game, so I feel for you. I’d just follow the significant pay bump. Would have them articulate path to next level clearly. Get as much in writing as you can.
This
I don’t think they have partners do they? Aren’t they a corporate?
We are public, but the Senior Managing Director level would be PPMD so MD is still a step away. OP: at least as an SMD you probably operate similar to a partner at other firms. Might depend on which segment at FTI. In CF&R there is a pretty good track record of strong performers who come in as MDs moving up to SMD before too long.
I would see what the possibilities are for SMD at FTI based on how they do titles. I know other people who went from heavy director or MD at big 4 to SMD at FTI. I would be surprised if the MD band goes up to 5th year big 4 partner money, but take it if it’s real.
Thank you. This has been my thinking but need to see how path to SMD plays out.
Assume this is KPMG? Good firm, but sub scaled.
Go and enjoy the money!
Not KPMG. One of the other 3 where MD is destination role.
I would leave if you are at any of the Big4 other than Deloitte, you won't be loosing much. FTI is investing a lot and this is a good time to go. Although I am a little skeptical about their long term sustainability if some of these big bets don't work out.
What is current comp estimate, what is expected comp estimate, and how long plan to stay in proserv? Maybe good deal, maybe trap…
I am in low 4s. Still waiting to hear but was told will be significant bump
What’s the rev target? Is it more/less than you’re bringing in now?
Sounds like you might be a functional/capability lead? If so, check what the collab model between accounts and functions looks like at FTI. And then the approach to revenue credit.
If you’re a function, your challenge will be navigating whatever matrix model FTI has to work for you.
MDs at Big 4 make a total compensation beyond $500K. I declined an offer for MD at FTI years ago and the total comp was around $440K. I really don’t see how FTI can provide you a compensation bump except if you are going as an SMD…
OP- I declined because I thought it would be a step back in terms of career move. I didn’t believe that FTI could excel in my segment and be successful in the market. They are a good Turnaround firm, but in Operations they are two steps below Alix, A&M, Big 4, Accenture and T2. By the way, Accenture countered the offer back then. Are you at Deloitte? Except for KPMG, if I were at EY, Deloitte or PWC, I would not move to FTI. I would proactively reach out to A&M and Alix instead.