BofA Credit vs Deloitte Audit
Got two offers, one for Bank of America’s Credit Analyst group and one for Deloitte’s Audit group. Both HCOL/T1 cities.
Deloitte pays $10k higher, not sure what bonus BofA would have. If I chose BofA, I think WLB would be better and I wouldn’t have to take my CPA. Looking to stay in the same company for most of my career, don’t plan on exiting.
What would you choose and why?
Based on the most helpful WSO content, here are some key considerations for your decision between Bank of America's Credit Analyst group and Deloitte's Audit group:
Factors to Consider:
Work-Life Balance (WLB):
Compensation:
Professional Development:
Career Longevity:
Company Culture and Fit:
Conclusion:
Ultimately, weigh these factors based on your personal preferences and long-term career goals.
Sources: Deloitte S&O Brand, Job offers which would you choose?, Former Deloitte and Booz Allen Ask Me Anything, BofA Wholsale Credit vs Credit Risk, Q&A: Deloitte S&O -> F500 Corp. Strategy -> M7 -> MBB
Deloitte pays higher? I'm surprised. TBH you should change your "i want to work at one company mindset". Times have changed and honestly you have to be prepared to make jumps for random reasons such as comp, wlb, etc.
Your WLB should definitely be better at BOFA unless you are in leveraged finance or a busy group, and most are busy at BOFA. However, it shouldn't be as busy as making deadlines for tax returns during busy season (nowadays with less staff most accountants work long hours almost all year long). Your comp as a credit analyst should definitely increase at a faster pace than at deloitte, especially when considering wlb.
Thoughts on BOFA:
Better brand name, relevant skills to go into a FO role, better and versatile skillset, comp will rise at a good pace, wlb will range from great to bad (I've known credit analysts that have worked some long hours and made them question why they arent in a FO role making more money)
Deloitte:
Worse brand, bad hours, skillset good for accountants but will make it hard to move outside of accounting, crappy pay, stuck in auditing, likely horrible culture from what I hear about big 4
I highly recommend going through with the credit analyst role at BOFA, lateral to FO after a few years and then switch banks as BOFA underpays its bankers but makes them work hard af.
Thank you for the advice, agree with everything you said honestly. I appreciate it
BofA and it's not even close.
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