Deloitte Advisory vs Deloitte Consulting

ShadyRAV3N's picture
Rank: Chimp | 3

I'm considering a position with Deloitte Advisory.

While this position is different from Deloitte Consulting, I've found there are many similarities.

I was wondering if anyone with experience would be able to compare the two. Particularly the general attitudes at Deloitte between them and the exit opportunities each presents.

I'm looking at Advisory at all of the Big 4, but I'm concerned that if I picked up Deloitte Advisory it might just feel like a lesser version of Deloitte Consulting, whereas the other Big 4 may have much more fleshed out Advisory practices.

Comments (33)

Oct 28, 2012

You may be stretching the term "advisory" a bit. I'm guessing you're talking about Deloitte Financial Advisory Services? More information on their website about FAS here: http://www.deloitte.com/view/en_US/us/Services/Fin...
It being something different than the traditional "consulting" role, it's not exactly comparable to the rest of the Big 4's "advisory" arms (and of course a step down [or perhaps, more aptly, just different] than Deloitte Consulting).

Oct 28, 2012

Sorry I don't have an answer for you, just another question.

I am also interested in getting into Big Four advisory. I was wondering what you majored in, and if they Big Four prefer accounting students for their advisory vs finance students. Going off of that- is a CPA required/recommended for their advisory even though it isn't tax/audit? Thanks for any info, it's much appreciated.

Oct 28, 2012

I majored in Economics and Accounting.

Besides Deloitte where I applied into general Advisory, with the other firms I've been interviewing primarily with Advisory focused in Financial Services. My experience in retail banking and consulting internship experience are what made me most competitive. This is for undergrad btw.

As far as CPA, none of the firms care if you can get it for Advisory. When asking if they prefer I obtain it (I can go either way), they said it really came down to my personal preference.

Back to phila, I'm very familiar with what the role is. My real question revolves around what you can transition into from Deloitte Advisory versus Deloitte Consulting.

Oct 28, 2012

I guess it depends on your perspective of new. It is not brand new. Forensic audit and valuation are two of the bigger groups. It would be good experience, but it is not investment banking. I'm not sure on the pay, but would think it lies somewhere between the audit and consulting salaries. Could be closer to consulting though. As an FSS it is much smaller than any of the others (audit, consulting etc). If your interest is in IB I would suggest the valuation group.

Oct 28, 2012

This is no different from choosing between consulting and IB in general, so peruse the various threads on that topic and you'll hopefully be able to figure out what it is you want.

Oct 28, 2012

True but to be honest I have already done that and still do not know which one I would like more - as clueless as that may sound. So basically what I want from this thread: if you were in my directionless shoes, which do you think would actually have a steeper learning curve and open more doors?

Oct 28, 2012

Bump...could use some suggestions

Oct 28, 2012

This is really a question of personal preference, which is impossible. I'd say go with your gut in this situation - which people do you think you will have the best time working with? You can go any way from both places if you work hard at it, so don't let that fool you. Do you have good friends that will be in either NYC or LA? That could play in to it as well. You've got two great offers, so maximize for happiness instead of perceived prestige.

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Oct 28, 2012

Ya you're right. Anyone else doe?

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Oct 28, 2012

Sounds like you're sold on DCF.

Oct 28, 2012

I think consulting, in isolation, opens more doors than CF. Hwever, Cf may open more doors in the particular direction you are looking for (B school and PE). You need to asses which working environment you would like best (having great tutors is an enormous plus imo) and which direction of opportunities matters most to you.

It sounds like you feel that CF is the better choice, but that consulting also sounds good. Occasionally to are faced with multiple attractive options; in that case you should choose which options you think is better - not what option is perfect and leaves no room for doubt. I'd go with CF and I think you want to as well.

Oct 28, 2012

I have a friend at DCF. It's a solid group and they pays very well especially when you live in the south

Oct 28, 2012

whats the pay in DCF like vs. KPMG?

Johnny Rocket

Oct 28, 2012
goldilocks17:

whats the pay in DCF like vs. KPMG?

Similar, below street.

Oct 28, 2012

I was a BTA for the better part of two years, and echo the above post. The Deloitte brand was a big part of getting into a top 25 business school even if it was from the tech side as opposed to S&O. As Scott said, there are many other components (GMAT, GPA, Letters of Rec, Interviews..), but Deloitte definitely won't hurt. If you're thinking about GSAP, that's a whole different animal and very competitive to get into especially from the tech side.

Hope that helps.

Oct 28, 2012

You really have to consider what you want to do. The EY BAP program is more in the enterprise/compliance consulting realm while BTA is technology consulting. BAP will have little or no implementation work, while in BTA there's a good chance you will be doing implementations.

In BAP you'll focus on finance clientele, such as investment banks, commercial banks, hedge funds, insurance firms. BTA clientele is varied I believe.

As the above posters have said, Deloitte is a really good brand name in terms of business school. But you are in tech consulting, therefore it is more difficult then their S&O consulting branch to get tuition reimbursement and maybe even to get into b-school. EY will give you at least as good of an opportunity to get tuition reimbursement, if not better than BTA.

I say do what interests you, because in both groups you will have to well to get into b-school.

Oct 28, 2012

BAP is pretty broad in its work, which can range from compliance consulting to more management/higher level strategy stuff for financial institutions. AFAIK it is a growing practice, and from what I've heard, has pretty good exit ops to B-school.

Oct 28, 2012
SSC2020:

BAP is pretty broad in its work, which can range from compliance consulting to more management/higher level strategy stuff for financial institutions. AFAIK it is a growing practice, and from what I've heard, has pretty good exit ops to B-school.

I second the part about growth. FSO is growing fast and gaining more clients/projects. This might be a good time to get in.

Oct 28, 2012

Repost

Oct 28, 2012

Thanks for the replies and insights, if it helps. The current iteration of BAP is not just focused on the FSO but rather the whole Business advisory

Oct 28, 2012

Deloitte Consulting's BTA program +1

Oct 28, 2012
masterspinner:

Deloitte Consulting's BTA program +1

any reason why?

Oct 28, 2012

Your research is indeed correct - most of Deloitte ERS work is focused on internal controls and some audit support; however, there is opportunity for process improvement and other more exciting risk work.

So don't get down - you still landed a GREAT role. Deloitte ERS is a fantastic way to launch a career, because you're going to learn a lot about the "guts" of a business, and you'll likely have the opportunity to transition into other groups later on if you desire. I started in this group and worked my way into a management consulting role at another firm. My buddy started here also - he ended up getting into Booth and is now MBB.

So my advice is this: understand that this is still a great opportunity; learn as much you can; constantly network; and work your ass off. If you do this, you will be in a strong position to land a consulting role with opportunity for more strategy work.

"Run for your life from any man who tells you that money is evil. That sentence is the leper's bell of an approaching looter."

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Oct 28, 2012

I'm very curious about this because I'm in a similar position. I just got into EY Risk with the intention to get my CPA. I'm excited because I love the company, but I've heard so many mixed things about going from accounting to management consulting.

How can I network effectively to change from risk to management consulting? I feel like I would encounter some resistance if I confessed I was looking to change groups. Also, how did your friend make the transition from ERS to Top 10 Business School? I've heard that Big 4 isn't a big feeder into the best programs, but it helps to have F500 or some other prestigious experience on your resume. Is that what your friend did?

I would really appreciate any help you could offer. I've been thinking about this a lot over the last few months and not many people seemed to be able to help.

Oct 28, 2012

Hi,

Thanks for your reply and advice. Indeed, I hope that I will have my fair share of process improvement and more intellectual 'risk' work as opposed to internal audit.

Another question: Deloitte has also offered to pay for my ACA studies (although I am in ERS). In your opinion, should I study for the ACA? I am not looking to be an accountant, but i understand that having the ACA qualification will add some 'power' to my Resume.

Oct 28, 2012