MBA walking away from a singed offer from deloitte, what would happen?
I just wanted to see if anyone knows what would happen if i don't join this fall. I haven't received any compensation yet but there is a singing bonus that i am suppose to get shortly after my start date.
Reevaluate priorities. At least get one foot in the pants.
You would probably be banned from the school's career services.
You accepted a job in consulting without having discussed the travel with your SO? That means you went to all the networking events, prepped for case interviews, did multiple rounds of real interviews, got the offer, and signed it, but somehow failed to discuss what the job would entail until after? Impressive lack of communication.
This, so much this.
Couldn't you at least be one of those guys to suck it up for six months, then go tell Kraft, etc. that it "wasn't for you"? Looks like there's another thread being quoted so don't know if you've answered, is she your wife or g/f? Don't know why Mon-Thurs out of town couldn't be doable if she's a g/f, at least for a while. Unless she's a nympho and you don't trust leaving her that long (only half joking)
Do it for a year or so, and quit. Don't renege, especially at the MBA level :/
I would recommend you start with Deloitte then leave after one year or so (don't leave too early as it will create a gap in your resume hard to explain). If you renege now, you access to school career resources will probably be denied for ~5 years. Walking away will also create a bad personal brand that will go with you. Besides, doing so will make future students at your school hate you because you may lower their chances of getting into Deloitte. If you really don't care about all these things, then follow your heart. In any case, good luck.
Tell your wife to pound sand.
Maybe the price of love is $40K per year or so. I don't know. What I can guarantee you, both of you will be asked to move to another role within that company at some point...and that same question will come up. If you don't want to do consulting, that's one thing. If it is for the travel, you'll get used to it. And frankly, there is a good chance you work in your home office (I presume Chicago).
I will be in the Chicago office so i am thinking that i will join for a year then bounce. It is a $35K pay difference vs Kraft.
Most of the Deloittes i spoke to said their former colleagues got jobs with the companies they consulted.
If this was McKinsey, Bain or BCG, it would be an easy decision, but Delloite's brand is no where near those firms. Just concerned about exit options. Must stay in Chicago!
Also, just want to point out that i dropped a $100K on my MBA. Eff my school's career services department. If they need to get yelled at by Deloitte for my decision then so be it. It's not like they were doing me a favor - it's just business.
I think you're incredibly short sighted and blind to the realities of just about everything in this situation.
I will choose not to reiterate what I said in my previous post, but seriously, think through your decisions, please. I'm praying that you're not now deciding to stay at Deloiite because of the input of five random people on WSO. Is @duffmt6 correct about your situation?
Deloitte's brand is fine (and I don't just say that because I worked there). You act like McKinsey would this life changing event that you'd be willing to travel for, but Deloitte sucks and won't give you any opportunities. Then you immediately mention that most Deloitte Consultants get jobs with clients (because that's so different than MBB...). Deloitte may not provide quite the opportunities that MBB do, but it does just fine placing in F500 companies in good roles. I still don't understand how you went through recruiting and don't know this.
It has nothing to do with screwing over your career services dept., who are all gainfully employed and probably don't give a shit about you. It has to do with screwing over fellow students that are also going to fork over $100k for opportunities at firms like Deloitte. I'm not sure if going against a signed offer will have any effect, but if it does, it's going to be on those students that are going through recruiting next year, not on your school's CDO. Selfish "business decisions" tend to come back around, so just be careful.
You'll actually make about 50k more in one year, since you'll keep half of your sigining bonus once you hit the one year mark, in addition to the greater salary.
This decision seems like it should come down to whether or not you can travel. If you can, then there is no difference between MBB and Deloitte. Take the job - you won't be any different than any other consultant that is immediately looking for their next job as soon as they start. If for some reason you failed to realize that this job may involve travel, and it's simply not doable given your life situation (there are many people that choose not to recruit for consulting because of the travel), then choose the other option. It's a pretty black or white decision to me.
I don't see what money or prestige have to do with this, since you've already committed.
If you do choose to go forward with Deloitte, see if you can get on a local project. They're pretty rare, but they do indeed exist. You may have to be on the beach for a little while once you join, but that goes with the turf.
I agree with most of your points but.. 3. for a firm to tie the entire student body to one student's change in circumstances is irrational. Students get offers from firms because of their own merits not b/c 100% of the students who sign follow through. If my school has an issue with many students doing this, then maybe there is something that needs to change about the school. A firm would have to be vindictive to punish the entire student body for that. This is the reason for a signing bonus (which i was willing to walk away from)... maybe the firm needs to offer bigger signing bonuses to get students to follow through on offers.
Anyhow.. i'm going to follow through on the offer. I don't think it will be bad since i will be based out of chicago and its mon - thurs....I just hope and pray i can get into an interesting f500 in chicago after one year.
Prestige is important, but don't get it twisted. You're a recent MBA who plans to have only one year of consulting under his belt before leaving for industry. Do you think any F500 companies care if you did one year at MBB vs. Deloitte? By the time you get on your second project you'll already be interviewing for industry jobs. They won't expect that you learned anything in that one year other than the fact that O'hare has mad flight delays in the winter. And believe it or not, you'd learn that regardless of your firm's prestige.
Now to make you feel better, let me give you a realistic view into the next year of your life:
month 1 - on the beach, working from home/office, waiting to get on a project months 2-6 - working on your first project, which will end right around the time you really begin to hate the travel month 7 - on the beach, because you still have no network at your firm and you have limited consulting experience months 8-9 - working on your second project months 9-12 - interviewing for industry jobs, not caring about your consulting gig, working from home on Friday's
it's going to be an easy year. it's just too bad that for all the time you'll be spending on the beach and collecting money from your firm for doing absolutely nothing, your direct deposited paycheck won't show the name McKinsey. Oh well, I hear Walmart still accepts money earned from Deloitte.
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