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Do not be an MD at Deloitte. It is like being a second class partner
Neither is AP
Mentor
Go where you like your immediate team best and where you feel they have committed to supporting you through the transition the most.
This
No it’s not about perception. An AP at ATK is not partner level while MD at Deloitte is at the partner level. You still would have to make partner at ATK where at Deloitte you are there.
Sad? Shame? Jeez EY2, take it easy.
Already lost in that you’ve lost the opportunity to make Partner. Like it or not, the name of the game in this business is ownership. MD roles are great for some, don’t get me wrong, but most would want to stay on the Partner track.
Definitely atk. But could you tell them you are direct admit at ey and kpmg see if they will direct admit you? So much better than having to fight for it.
You never get what you don’t ask for. Put together a pitch that shows how you’ll bring business, bring a team, be a culture carrier. Firms are desperate for growth and talent these days. Go for it. If it doesn’t work just try to leverage for better comp and more promises of partnership.
Director 1 makes good points.
Also think about the type of firm you want to join.
EY and Deloitte are the two of the biggest/best audit firms in the world. Both are very large. Pros and cons. You will be focused on a small sliver of the overall business.
Kearney is smaller even among pure play strategy and ops firms. You’ll be more connected with global teams, and will be able to understand what about everyone else does, as it mostly boils down to traditional management consulting.
Go to ATK then exit to an equity partner role next
I would think if you got a Deloitte MD role that is greater than the AP as a Deloitte MD is a non-equity partner role.
Haha touche
Kearney is considered a much more prestigious firm, however
Prestige + $10 gives you $10
The expectation of an AP is that you will become a full partner by a certain date. If they want to bring you in as an AP, they believe that you will be a partner by that date.
Kearney 2 - your explanation makes no sense. AP is a new level Kearney created to break up how long you sit as a principal before making partner. There is no guarantee that you will make partner if you are an AP. And attrition at McKinsey AP level is over 50%
What are you good at doing and even more importantly selling? That should be number #1. Then how that aligns with the firm. If ops improvement, and more analytical it’s ATK all the way. If ops implementation and tech it’s Deloitte and if it’s M&A process orchestration and ops EY. In all of these you best to be able to see or at least deliver well. Additionally how important is Partner for you? If you don’t care about Partner it’s a different equation and ATK as an AP may not be as exciting as Deloitte where you’ve reached MD.
Director1 has good points. In addition, put more focus on next 3/5 yrs vs. next year.
If you have what it takes to be a partner at K in terms of ability to generate opportunities and add valuable skills to a practice, the runway there will be more rewarding than MD at D. You’re essentially picking a ceiling for yourself that route.
At this point in your career, choose the next step carefully, and look at comp on longer span than 1 year. Talk with K about what the expectations are to make partner. Have a very serious conversation with your potential practice lead on where you will fit in and how you will bring new skills to the practice to commercially build it. If you see a very good fit there, that seems like the choice.
If you are iffy on the above, the MD roles may be more appealing.
Kearney is great but remember they haven’t grown at all in more than a decade (not sure about this past year though). I say this as an ex-ATK. It’s a great firm with super smart people. But partners can’t figure out how to work together effectively and grow the business.
Last two years have seen strong growth but up until very recently, it was quite stagnant. Hopefully the firm can finally see sustained growth.
I have worked at both K and EY. So can provide that perspective. Don’t know about D. Also I am assuming when you say EY, it is EYP.
1. Have seen at least 20 partners who moved from K to EYP as Partner or MD. Have not seen even a single move in other direction.
2. Most movement have been to Partner level unless age was the factor.
3. I think average salary at EYP is better than at K at Partner level
4. Partner is partner at EYP but at K there are multiple levels
5. Work life balance sucks at K and they create a culture that appreciates that.
6. There is too much leadership crap at EYP whereas K is all about work
7. Junior folks quality and commitment to client deliverable at K is better than EYP. EYP consultant have too much entitlement feeling
Having said that I would suggest to negotiate that you will be promoted to Partner in a year or two from MD and choose EYP. But if no such commitment then go to K.
If your MD role is at EY not EYP then go to K.
What would be a competitive salary
Purely from a career path perspective, probably ATK since at EY and Deloitte MD tends to be a landing point. A lot of talk on fishbowl about MD to P but it’s the exception and not the norm, only at KPMG. At ATK you would have a path to partner joining as an AP.
Very few MD in Deloitte are in true leadership positions in the org. All our practice leads, Office MP, regional or National leaders are all partners or principles. So that tells me MD may not have very high (7 figure) salaries ever.
Which pays more?
It looks like both Deloitte and EY are lower than ATK, coming in at 420-430.
OP, are you a Director at PWC now? Assuming upward mobility is limited at your firm as it stands?
What role is a Director at EY? Are you in a US office in EY consulting?
@D6 - MDs are the workhorse of the org. Some MDs are senior enough to be an LCSP. And MDs are not owners, so it makes sense for them not to hold any role above middle management. I mean, that would be a lot of nerve to be a partner and doing low-level work while reaping the rewards of partnership.
OP, what offer did you take after all? And why?
Huh!