Related Posts
PPL who joined Accenture recently pls help. I got mail from Accenture saying if i join this month they will provide revised CTC and also they will pay the buyout amount that i e to pay to my current company. My actual joining date is 4th July only but if i can get buyout option Accenture will pay for buyout and also send me good joining bonus it seems. Has anyone joined like this? I'm not sure if tcs will give early release though. Accenture Tata Consultancy
Bowl Leader
Pro
Hi Fishes, I am considering a Senior Engineer role with Alteryx (previously Hyper Anna) Sydney. If it's not too much trouble, I was hoping if anyone here could share their experience of working at Alteryx Sydney in terms of Culture, work life balance, politics, work pressure, people, Leadership and product. Thanks.
More Posts
There is coin for it!
Has anyone here broken into PE out of Strategy&?
Pro
Additional Posts in Australia and NZ Consultants
Pro
Big difference between MD and Nous...
Are you interested in public sector, education, policy etc. If not go to MD. Culture should be an irrelevant factor, it's team dependent. Exit opps to corporate strategy, ops, PE are better at MD, nous would have better exit opps for public sector. Career progression is pretty slow at both firms compared to competitors.
Worked at Monitor and can offer my 2 cents. I Haven't worked at NOUS so will give you my general observations so you can combine with other responses.
Pros
- It is the strategy team so some really good strategy IP from legacy Deloitte S&O and Monitor Group. Heavy influence from Michael Porter and Rodger Martin.
- You learn and apply hypothesis based problem solving, more so then the other Deloitte consulting groups (which is what you would expect and want as a strat consultant)
- Pockets of excellence i.e. really good experienced strategy practitioners - if you can find them and work with them then you will learn a lot
- Overall pretty good culture (not hierarchical)
- Exit ops are okay with recruiters becoming more aware in AUS market that Monitor team has some good quality people (at least for strat exits).
- Projects are across most sectors which gives opportunity to diversify your experience and there are some really cool strat projects with big impact (caveate that it will depend on geo and the mix of strat/ non strat will vary by sector)
Cons
- Pay is no where near MBB/ T2, not sure compared to Nous. Monitor is more integrated with rest of Deloitte consulting so has similar salaries. This is compared to S& and EYPJP which were acquisitions and are operated separately for the most part.
- 20ish% "Pure" Strategy work (Corp / BU/ Growth/ Customer strat) vs 80ish% other stuff (op model, tranformarion, PMO, strategic ops). Very limited CDD and M&A work.
- Strat work clients typically smaller companies/ state government. Larger ASX200 clients usually lower down in the org supporting their transformations
- Large increase in staff recently (as with other firms) with quality suffering mainly due to a) uncompetitive salary, b) fairly weak case screening and case study process, c) people getting hired in at levels they shouldn't be at based on their experience
- Big push for cross consulting portfolio team engagements (partners get incentive to sell work involving multiple consulting teams e.g. Analytics, Ops etc.). Not ideal if you only care about doing strategy work
- Monitor is one offering / team part of the broader Strat, Analytics, transformation portfolio (not sure if I got the acronym right). Takeaway is I believe the trend is towards more integration with broader consulting rather then less (Implications for salary, projects, position in market etc)
Fully agree with the recent hiring trends and the push to integrate. Salary is extremely uncompetitive at the junior levels. This has forced the practice to mass hire low quality talent at the C and SC levels which doesn't bode well for the firms long term future. But hey if you're only in it for a few years, not a big deal.
Leadership (both MD and D) don't really care about the talent issues and wont do anything about salaries since MD is a small part of the big D giant and is being pushed to integrate. This will probably be a big mistake in the future. Leadership is severely underestimating the importance of a standalone strategy unit and quality talent within that unit. We're already seeing the Deloitte in the US trying to undo the damage they did to the monitor brand.
I will say that MD is viewed more favourably by recruiters and the market than by those in the consulting industry, based on the exit opps I've seen my colleagues land. It's probably viewed as a T2.5 to recruiters.
My 2 cents. Nous was just rated Australia’s top company to work for. https://www.consultancy.com.au/news/amp/4034/nous-group-is-australias-top-company-and-consultancy-to-work-for
I work for MD competitor (Big4 strat) and our firm has been pushing the same integration-type directive that SM1 and D1 have mentioned. We’re about 20/80 split between pure strat work and work that would be considered operational/transformation that other teams should really be doing. Also echoing the influx of junior staff that wouldn’t have passed case interviews a few years ago. This is impacting overall quality of engagements and WLB due to additional coaching, review and rework time required at manager/SM/Director level.
As someone who works at Nous:
- Nous will give you a breadth of experience, though we’re strong in some areas we work across many industries and many capabilities
- the Progression will be better at Nous. Because of the company structure, you’ll be given step up opportunities quicker
- in terms of pay, I can’t comment.
Feel free to get in touch if you’d like more details
Thanks for the detailed insights, big help
Agree with previous comments - go with Nous if you’re passionate about the industries they’re strong in (public sector, education) but if you want to get more varied experience and large scale engagements go Monitor.
Speaking as experience in Consulting outside of Monitor (but work closely with them at times), monitor guys tend to have a chip on their shoulders on being more “elite” than the rest of consulting. It’s more and more rare to have pure play strategy engagements so if you have the mindset of not wanting to “slum” it by working with data or ops people on engagements then maybe look elsewhere 😛
I’d love to work with data and Ops ppl. Collaboration is where it’s at!