Related Posts
Hi All, Today I've resigned and my LOD is 2 Sept. Can anyone please let me know for these 90 days salary would be credited only after FnF. Or June'22 salary will be credited as usual, however, July and September salary would be credited during FnF. Please confirm or suggest.
Regards,
HCL Technologies
There are lot of mixed reviews about Nagarro.. some folks are saying Nagarro do not fire even in covid the only did the pay cuts and did not fire anyone... where as some folks are saying Nagarro is hiring rigorously more than their projects strength so firing will happen for sure and if you are on bench for more than 1 month you are in red zone as the same happened in past... what is the mystery.. can anyone from Nagarro an honest review about this organization.
Nagarro Nagarro ES HCL Technologies Tata Consultancy
Manager(total 4yr exp) in Pwc,KPMG,EY VS Manager(total 10yr exp) in Deloitte. Small big 3 makes people a manager in 4 yrs exp where as Deloitte usi takes 10 yrs exp. What will be difference in role, responsibilities, hike and salary slabs? Are both level same? Your views. Salary for manager in Pwc,KPMG,EY starts from 18. Salary for manager in deloitte usi starts from 30. Deloitte KPMG PwC EY
More Posts
How bout that Robinhood update
Subject Expert
Hi Guyz,
Any one from IBM ?
I went through the entire recruitment process and got selected for IBM ISL. Now I am being told by the HR that they are unable to release offer as there is a hiring freeze.
Can any one please tell me if its correct or just an excuse not to give me offer. If its true, when will this freeze be removed?
Could anyone kindly tell me about the Investment Management and Private Equity Audit Group at Deloitte? 1. Work Life Balance (Is it worst than the ordinary Big 4 WLB?) 2. Is it an entirely different audit from commercial/retail audits (think account balances etc.) 3. Difficult to learn how to audit clients in this industry without prior experience in the industry?(been doing commercial audits for 3 years) 4. Are there relatively good exit opportunities for this audit group? Deloitte PwC EY
Additional Posts in In-House Counsel
Conversation Starter
Conversation Starter
Pro
New to Fishbowl?
unlock all discussions on Fishbowl.
I agree with your assessment but would add vertical progression may be a challenge at the F500. Unless the senior counsel position is reporting to GC, I’d take the GC position. GC positions do not come up often and understandably harder to land/get offer for. Both great offers and congrats on the GC position!
Jealous of your offer 2, and I think you should take the chance!
This is not a question. Offer 2 is clearly superior. Are you marketable? You would be exiting a high salary/high leverage company.
The only way to get rich working for someone else is through leverage. You have both higher salary and better leverage at offer 2. I assume you are young. You shouldn’t be afraid of hard work.
Chief
Offer 2 seems like a lot of work
Haha pls explain?
Chief
GC hell no, F500 name brand goes way further, plus plenty of peers of mine had moved up in a F500. GC at the young company is a role that will make you work more than biglaw hours for less than biglaw pay. If you have the legal acumen to run an entire legal department of a small company, you might as well make your own firm
Chief
Yeah do you really want to work this hard?
This is how you make decisions? I feel sorry for you. If both are in the financial ballpark for you, what about: will you enjoy the work? Will you like working with your colleagues? How will the position affect your personal/family life? etc. Lordy!
How many YOE do you have? I get wanting to take the GC offer but in-house is a different ballgame especially if you haven’t been exposed and don’t have the experience to back it up. It’s doable but realize that 2 will be hugely stressful (most likely). If they targeted you with out enough experience than they don’t know what they need or want someone cheaper than what they would have to pay. If you have enough experience, I think 2 makes more sense.
They will come at you for anything and everything. Lots of fire drills. They will want you to handle HR, insurance issues, vendor agreements etc. Having your experience will help but this will not the same experience as option 1. Potentially better financially in the long run but it will be stressful. Option 1 will just have a better insulated system for you and hopefully established system/procedures
These are two wildly different roles. I’m curious about the background of those in this thread who voted for Offer 2 without question. I have about the same YOE (9 years) with a very different background than you, OP. If this is your first in-house position, personally I think Offer 1 is the better way to go, but I think it also depends so much on the culture of the company that’s giving you Offer 2…also what kind of role you want.
Best of luck, whichever you choose! If you end up with Offer 2, be prepared to grind, show your worth to the business, and build relationships, especially if your peers haven’t had much experience working with legal.
Chief
Who are all the knuckleheads picking option 2? Y'all must love to work and grind
Re Option 2, do you trust the CEO and the other senior executives you would be serving? I ask because the leadership of some startups may be inclined to cut corners and engage in borderline illegal conduct, which would put you in a difficult spot, especially if you’re young (not casting shade) and lack the gravitas, etc. to push back effectively. Think about SEC disclosures, etc.
It’s a good question. I don’t think they are particularly untrustworthy (outside of the unfortunately normal puffery that successful execs have about things)
I’d go with offer 2. At a risk of sounding jealous, I’m about to be promoted to GC at a law firm and if I’m lucky, I will be increased to 200K, and I have nearly 20 years of experience. How did you go about landing these offers? I’ve been trying to go in-house for years and have no idea why I can’t get one offer and yet I see people getting amazing offers like these.
I feel at this point it’s all about luck and who you know when it comes to getting jobs like these, because I have the respect among my peers and our clients and yet none of them want to give me a chance to go in-house.
Definitely option 2!
As someone that just got laid off from a f500 the job market is 1000% easier with that in your resume. If you don’t have big company experience on your resume grab that job. It will transform your resume and open many doors.
Take the one that is best for you now. Don’t worry about the exit and Best of Luck
Offer 2
Option 2
You would definitely be marketable especially if offer 2 is a start-up. But buyer beware, having worked in a start-up or young-ish company as you state, Do not expect a good work-life balance. If that is not an issue with you, go for offer 2 as nothing is guaranteed, not even option 1. One question I would ask, what about options?
Stock options that is
Rising Star
What does “profit” mean? And do any other execs get an identically defined interest?
Yes, everyone has same equity, but strike prices are different. A profits interest is a type of incentive equity they use at LLCs
I think it will depend on what you did as the GC at company 2. Did you look to IPO or become acquired via M&A? If you went through that process, I think you would be pretty marketable for other start ups. Only problem is if you want to continue to be in the start up space for the rest of your career/bulk of the next phase of your career.
How far away is option 2 from actually being profitable?
You said the profit interest is worth 0 now so that's why I asked. Option 2 def seems like more upside and more variety of work...but also very demanding and stressful