Monitor Deloitte vs OW/RB/ATK in Europe
Hi everyone,
I recently got a FT offer at Monitor Deloitte in western Europe. They seem to be growing very fast since Deloitte's acquisition, hours are ok, pay is above the market, and the opportunity to focus on pure strategy projects seems very attractive. At the same time, I am still interviewing at OW, RB and ATK.
I would intuitively lean towards Monitor for the reasons mentioned above, but I really care about exit opps (like joining a big tech firm, MBA, etc.), and am afraid that Monitor doesn't offer the same exit opps as these Tier 2 firms here in Western Europe.
How does Monitor compare to these Tier 2 consulting firms (OW, ATK, RB) in terms of prestige/exit opps in Western Europe? Do they compete in the same league?
Monitor is strong but my personal opinion is that out of all the 'firms within a firm' (e.g. Monitor, Strategy& or Marakon) the one that is pretty much on par with tier 2 firms is Strategy&. Even with this in mind, I think the aforementioned tier 2 firms lead to better exit opps in MBBs, Industry and some in PE/VC (rarer). How time sensitive is the Monitor offer and how confident are you of getting offers from the tier 2s?
Thanks for your answer.
Time is not a problem regarding the Monitor offer, I have time to do all these interviews. I forgot to mention that OW RB ATK are interviews for final internships, not for FT (with c.65% conversion rate on average).
Then if possible structure it in a way where you could do the internship (I'm assuming its a summer one) and then start the full time so if you don't convert to FT, no worries but if you do you can cancel the Monitor contract. You'll burn that bridge but hey, life choices.
If you're risk averse and are tired of the whole application period then perhaps you may want to take the FT. In the end its still Monitor in Western Europe, not a no-name boutique doing only domestic business in a town no one has ever heard of in a stagnant market.
To add an extra safety net I would (unless you already have or it's too late to apply) add other firms that are between those Tier 2 and Monitor such as Strategy& or LEK.
Unfortunately it's for 6-month internships.. But I get your point, I should take the risk. I am quite surprised that you consider LEK as better than Monitor; to me Monitor was like c.5th worldwide (after Strategy&) and c.7th in Europe after RB/OW/ATK. Which ranking can I trust then? Also, one thing that caught my attention is that ATK makes few strategy missions (like 40%), while Monitor c.90%. Could this help in building better experiences for exits? Or only "prestige" counts here?
Ah, the 6-month internship may be complicated.
As for rankings, I honestly have no clue as they all seem to vary hahaha. I tend to use Vault.com and they tend to love LEK and consistently rank it high (then again, this ranking puts Emerton, a small Belgian almost no-name boutique, above Marakon in Europe so I don't know how they compile it).
I also heard the smaller proportion of strategy that ATK does so you'll have to dig in well. RB is a similar to MBBs in style of work and breadth of industries. OW is VERY financial services focused and LEK does about 40-50% commercial due diligence work.
If Monitor does that much pure strategy then it sounds perfect. Another thing you might want to look in to is how much travel is required. Some tier 2 firms like RB are similar to MBBs in terms of travel whilst LEK operates the 'home-office' model where travel is mainly reserved for kick off and delivery of big projects
RB isn't even close to MBB in terms of breadth of industries. They're wider than OW though. Although im not sure thats a positive as that means you're losing expertise.
In the Anglosphere, the Monitor brand has disappeared. It's still in use in some parts of Europe but overall it's a thing of the past.
A friend of mine worked there (Western Europe) for a while. I'd be hesitant. If this were the US, though, Deloitte S&O is totally legit (especially at the MBA level).
That said, my favorite non-MBB firm is OW by a mile.
But out of the tier 2 firms our friend mentioned, in markets like France and Germany I feel RB is bigger than OW. Would you agree?
Germany - yes RB is bigger, they are German. However, if you've read some German sites on the latest in Beratung world, you'll see that they have also had troubles in their home market. And I've read quite a few German discussions proposing OW as the best non-MBB firm, and they seemed well-reasoned. I read elsewhere that in DACH, McK=BCG>RB>=Bain. Sounds about right.
France - I just spent some days in Paris. I would expect there to be a steep drop-off from MBB in Paris. Frankly I'd also hate working there, but that's another story.
OW's main strength is in FS, for sure, but in Europe (with the exception of a few markets) it's made great strides in O&G too. I'm definitely bull-ish on them. (And no, I don't work there).
Don't expect to work on only 'pure strategy' projects @ Monitor Deloitte (I used to work there). The reality of all consulting firms nowadays including MBB is to sell what clients are buying, which happens to be operational strategy / transformation mostly - less so 'blue sky' strategy work like in the past.
I think RB is bigger than OW both in France and Germany; yet OW seems slightly more attractive than RB in France now as RB has faced difficulties in recent years.
What is your opinion on Monitor's outlook as an alum remeiko ? Indeed the 90% might be a little optimistic..
What I had in mind was that the Big 4 would progressively grow in prestige/size by leveraging the synergies between Booz/Monitor/Parthenon and their respective management consulting teams, while Tier 2 like OW/RB/ATK should have a hard time and MBB should soar and become even stronger. But I may have been influenced by MBB or big 4 alums here ;)
In Europe OW/ RB/ ATK are all much better Options.None of them require more than 3 month internships. So go for it and try to convert. Monitor is a nice back up but not much more.
Unfortunately in my country, all of them require 6 month internships... And as these firms are not doing very well currently they don't convert that much (like 20% for ATK, 60% for RB and OW). Why did you say you would not like to work at RB Paris @jtbbdxbnycmad" ?
Just Paris, nothing against RB in particular. And nothing against Paris from a civilian perspective. But French management culture is not well regarded amongst non-French ;)
Take OW, RB or OW. Monitor isn't a thing in Europe as far as I'm concerned, it's 'just Deloitte', which is absolutely nothing wrong with, but more on par with PwC and KMPG
Since there is much speculation about the location, could you reveal the country as this may help people help you?
It is for the Paris office. In France they are generally ranked 7# behind ATK; their traditional strength is in the Life Sciences, which represents c.50% of their revenues. Yet they are growing quite quickly (c.+20% per year for the last 3 years) by opening new practices (TMT, Consumer Goods, Financial Services and Oil & Gas) and hiring several partners from RB, Bain, BCG, ATK... to develop them
Hi Wapiti99,
So which one did you choose eventually?
Chose Monitor for the following reasons:
Hope I won't regret it! :)
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