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Hi Fishes, I've accepted offer from Accenture from their portal.. But now got new offer from EY and wants to join at EY. So how can I tell Accenture Accenture India that I'm not going to join them. Rather than not showing up on the date of joining? Can you please guide me? How do I let them know? My talent coach is not reachable
Level 10.1 how much hike and vpay?
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Hey, I have 4 YOE and currently a manager at PwC and have been managing teams for a little over a year now. My role mainly consists of leading teams of engineers deliver MVPs to our clients.
If I wanted to exit to Google or Facebook (Meta) what role would align for me? I was looking at engineering manager roles but unsure if that’s too senior for me.
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IB analyst front office will be valuable experience even pre MBA. You’re not going backwards you’re building an amazing set of versatile skills
Why not go to MBA and go to IB from there? You’d get to be an IB Associate.
Seems like it’d be a great opportunity! I’d just make sure the bank your joining has good deal flow and you’ll be able to get the exposure you’re after.
How’d you transition?
Sure. A few things 1) I was in an industry group at a bank that tends to pigeonhole people into that industry, even when moving to the buy side. So consulting was attractive in that I could touch many industries in a few years and get exposure to more variety to see what I really liked. 2) I feel my chances at PE are still reasonable, if that is the route I really want to take still. Recruiting from a bank is easier, but its also much harder coming from IB to do anything else outside of PE than consulting. To be honest (others can chime in), I don’t think IB gives you a big advantage in VC recruiting vs consulting (which is much less structured). VC recruiting comes a lot from networking/bschool/being a startup founder yourself, etc. 3) I am not sold on PE as being my dream job and want to spend a few more years in consulting before I decide what I want to do (unlike most my peers in banking, who seemed to only have 1 goal in life - going to a big fund) 4) I want to go to bschool eventually - and McK positions me better than IB does
And on top of that. The culture in IB is vastly worse than the culture in consulting. That’s a general statement and I know it for sure is true in comparing bulge bracket banks to major consulting firms. You are treated much much worse at the junior level. But OP since you’re looking at a boutique I can’t say for sure - boutiques sometimes have incredible group culture where the juniors are tight knit and the leadership respects the juniors a lot. It could also be a lot worse, with no protected days on the weekends and a bonus structure designed to work you to the bone. So make sure if it’s a really small place, you’re carefully doing diligence on the culture
Are you going to be an IB analyst or support role? Support role would probably be a step backwards
Its IB Analyst pure m&a work
I say worth it if financial services is the path you want to go down!
No, big step back unless you explictly want to go buyside. I had similar aspirations too but universally, everyone I talked said it'd be a mistake. The monotony combined with hours make the comp and potential exits not worth it.
Why does the work seem more interesting? I would think long and hard before switching. I came from IB at a big bank and my current job is miles ahead in terms of being “interesting.” If there are parts of your job that feel monotonous, know that IB will be a million times worse. The first time you’re on a live deal working on the model, it’ll feel cool. When you’re still doing that exact thing 18 months later, you’ll be hating it. I wouldn’t view it as a step forward or back - that depends on your goals. As others have mentioned, if you want to pursue finance (whether staying in IB or going to PE), then moving is a better decision probably. If the bank is small you’d probably be promoted to associate relatively fast given you’re coming in pretty experienced. I just want to play devils advocate here and say that IB is not more interesting work in any way
M1. Could you please share why you switched to consulting in stead of pursuing opportunities in PE/Vac?
Well if m1 has both s/he is def able to pursue PE/VC especially if they are pre mba
Unless you’re in TMT at Goldman or JP, your chances for VC will be limited to the fact that you probably don’t know anyone or don’t hustle enough to differentiate yourself. I’d say unless you’re Bain or Mck you won’t ever have the consulting edge to make the transition without some applicable experience. I’ve seen peeps from Parthenon go because of their DD exp. don’t take jobs in hopes of the step ahead. If you want to do finance go for t