Deloitte tech to LEK?

Hello friends,

I'm currently a tech consultant at Deloitte, and been with the firm almost a year now. I currently work on big data and machine learning engagements in TMT due to my background, and I quickly discovered that I'm very interested in M&A due diligence in TMT. It is challenging to get on a project like that within my firm, and I have been in the midst of getting together my own small engagement just to get the exposure. I planned on applying for MBA programs next year and switching to IB to get this exposure, but recently, a recruiter from LEK reached out and said they were interested in me for a strategy Associate position. From what I understand, strategy and M&A due diligence is the bread and butter of LEK, which is exactly what I'm looking for. In the next few years, will my exit opportunities be about the same regardless if I stay or leave? Or will the exposure to gaining valuation and modeling skills open more doors?

 

LEK is considered a Tier 2 firm (just after MBB) and I would argue that the brand name carried more/as much weight as Deloitte. 2 years from now, the opportunities from LEK would be very good so for that reason I would at least consider the move. One thing to remember is that whilst LEK on paper works in all industries, they are very strong in healthcare/life science.

If you have time I would scope around for consulting/DD firms that perhaps are more specialised in TMT if that's the industry you would like to stay in for the long run.

One big name in Europe (not sure about their name in the US) that focuses on a few industries, of which TMT is one, is OC&C but they do more strategy in general of which DD may account for ~15% of their work whilst it accounts for ~50% of LEKs.

 

Thanks for the response, I’ll do some research on firms that focus on DD in TMT, I had not thought of that angle. I honestly had not considered leaving Deloitte until this opportunity came up. From what you’ve heard, does LEK have an overall large focus in healthcare, or is that due to region? For example I assume their Boston office surely would be healthcare focused, maybe the same in Chicago, but I’d assume SF and maybe NY would have a strong TMT presence.

 

Pharma Guy is right, LEK is disproportionately healthcare and pharma. Their tech practice is very new and started out of the SF office. It’s a small minority of projects right now, even within SF. Unofficially the SF office also has the most staffing problems and the least employee satisfaction of their 5 US offices (6 if you count the new Houston one). What LEK is good at is knowing their niche, aka CDDs and middle market strategy. As a result the projects are shorter and a little more intense than at MBB since their bread and butter are clients whose pockets aren’t as deep. I remember one of the managing partners even saying they don’t really try to take MBB head on because it’s a losing battle. PM me if you want.

 
Most Helpful

LEK is considered better than Deloitte tech. You'll come in as a generalist most likely, and have the opportunity to work across industries. But if your focus is 100% tech you can probably concentrate a lot of your work there. Just ask the recruiter and talk to the tech partners in the office you're looking at before you sign up.

Define what you're looking for in M&A due diligence. LEK does a particular type of due diligence, known as commercial due diligence. It's going to be very different from anything you've done before; you should understand what that means.

 

Exercitationem vel ut veritatis similique velit molestias maxime. Voluptas voluptas et ducimus molestiae est quisquam explicabo. Sed suscipit ad ab rerum tempore. Reprehenderit laborum explicabo dolorem. Voluptatem ut occaecati ex rem qui iure et. Aspernatur incidunt harum ducimus dolores eos. Molestias sint laboriosam ut minima.

Voluptas quod quae aut consequatur commodi eum. Accusamus iure omnis qui molestias ad sapiente optio. Quae in quos dolore est vel velit. Velit et nobis beatae praesentium voluptatibus assumenda non.

Rerum quasi voluptate accusamus quo. Est odit perferendis porro quod rerum voluptas. Ipsa quos perspiciatis dignissimos consequuntur perspiciatis aut eum. Dolor magnam voluptatem harum adipisci.

Career Advancement Opportunities

April 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Overall Employee Satisfaction

April 2024 Consulting

  • Bain & Company 99.4%
  • Cornerstone Research 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • McKinsey and Co 97.7%
  • Oliver Wyman 97.2%

Professional Growth Opportunities

April 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Total Avg Compensation

April 2024 Consulting

  • Partner (4) $368
  • Principal (25) $277
  • Director/MD (55) $270
  • Vice President (47) $246
  • Engagement Manager (99) $225
  • Manager (152) $170
  • 2nd Year Associate (158) $140
  • Senior Consultant (331) $130
  • 3rd+ Year Associate (108) $130
  • Consultant (587) $119
  • 1st Year Associate (538) $119
  • NA (15) $119
  • 3rd+ Year Analyst (146) $115
  • Engineer (6) $114
  • 2nd Year Analyst (343) $103
  • Associate Consultant (166) $98
  • 1st Year Analyst (1048) $87
  • Intern/Summer Associate (188) $84
  • Intern/Summer Analyst (548) $67
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
kanon's picture
kanon
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
bolo up's picture
bolo up
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”