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Would you be sad if you got fired today?
Hi fishies. I have a ton of interviews coming up soon including a case interview at EY within their Innovation and Experience Design practice for Digital Strategy Manager. I am super comfortable with CX, design thinking, etc which are the types of projects I would be working on BUT I am absolutely terrible in case interviews. I was hoping it would be based on CX or design but my understanding is there is some revenue component idk. Anyone have any insight? I would greatly greatly appreciate it!
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You will not as SM. MD is possible, I assume you are SVP + at Mastercard
I will doubt why someone will move as anything to Deloitte when you seem to be well set at an industry not in turmoil. Unless you are dying to sell professional services and destroy whatever personal life you have
I'm definitely not in the right industry.
Thank you so much everyone. Brilliant points that will help me in forming my decision (which is currently inclined to a NO 😄).
I think you’re making the right choice by likely declining. Not to trash my employer, as it’s a good place on average, but you’re likely doing much better in your current job than you would be here, at least starting out and in this current environment.
You can hit low 400s but think 450 is a stretch and 500 is no way (that's solid MD territory)
MDs join direct from industry all the time but it is a longer process
I’m in CBO 320k base and 150k bonus; also a SM4
Also if you come in at the top of the band (or even if you don’t) the pressure to sell will be immense and your domain knowledge will be a very distant second in importance.
Also, it will be very hard to find partners to support you in meeting your goals, and you’re starting from zero with the network. It’s feasible to pull it off but very challenging.
Generally speaking, I’d expect to come in no higher than 325-350k, especially now in the current environment whereby, whilst commercial is different than GPS, we’re not hiring as frequently as we were even last year. As a consequence, and while D approached you, doubtful you’re coming in toward the top of the band, much less in MD territory as explained above.
You can definitely hit the high 300s/low 400s but that's with a top bonus which means top 10-20% performance (assuming base comp between 275-325 and bonus range up to ~100k). If you have a book of business you could make a case for direct admit MD, but that's probably good to be a tough sell as a VP and not SVP.
Stay at MasterCard... Less money here and a hard reset at a tough level.
Yes clearly seems like it :)
Why would you leave Mastercard for big4?
Just wanted to check how the grass is on the other side since I was approached by Deloitte. It seems like it's isn't greener on the other side.
Do you mind if I ask what your background is? How does one get to a salary like that?
Have been through and through in payments. So have good expertise on payments ranging from credit, debit, prepaid to ACH, Open Banking etc.. It's very common in Mastercard to get around 400K at the VP level which isn't a very difficult level to achieve. Infact i always thought since SM is one level below the highest level (Principal/Partner) in consulting at Deloitte, one could easily achieve 500-550K at SM level. But clearly doesn't seem to be the case.
What’s your age? Deloitte does have a funky age mechanism - it’s anecdotal, but have seen plenty of SMs my age make similar comp but some in a higher age range (prob experience) have a diff comp
You said "funky age mechanism" which literally is implying that Deloitte is basing pay on some part on age.
I didn’t know Mastercard pays so well, that too in a non tech role. Even big tech doesn’t have a similar pay I’d think.