Need Help Comparing Offers:Deloitte Technology Consulting v.s. Citibank Strategic Planning

aa586303's picture
Rank: Chimp | 13

Hi WSO,
I recently receive these two offers.
Offer 1:Deloitte Consulting (Analytics & Information Management)
Offer 2:Citibank Strategic Planning Assistant (Consumer Banking Contractor with chance to convert to FT analyst)

The job in Citi would be assisting with planning for credit card operational strategy in consumer banking+compute interest rate and payment related work. My ultimate goal is to either lateral to MBB or get into top MBA schools, preferably after working for 2-4 years, and my interest is business strategy. Which one should I go for to get closer to a real"strategy role" and get a higher chance for top MBA schools?

Comments (12)

May 27, 2020

citi ! banks pay much better than consulting! it will be more appreciated than a big4

May 28, 2020

I see. But my plan is to lateral to MBB/apply MBA after a few years, so doesn't it make Deloitte a more straightforward choice even though it's not S&O? Or the experience in Citi is still more valuable than Deloitte on the career development side apart from salary?

May 28, 2020

Deloitte, neither option is great, but taking a contract role with Citi during a economic downturn is not an enviable position. I wouldn't judge you for going the other way tho

May 28, 2020

Thanks for your advice. If Citi is now offering a perm role instead of contract, would it change your opinion about this?

May 28, 2020

My concern is that banks tend to heavily upsell job titles, especially in consumer banking. I know exactly what you will be doing with Deloitte and it's good work, pays well, and you'll be able to get into a good (but maybe not great) MBA program. It probably won't put you on the MBB track. Citi could be much, much worse. I have seen titles like that literally thrown in bank branches helping people apply for loans. That's definitely not MBB track.

However, if it is a true corporate strategy position, then you will be in a much better place to write a unique MBA application and apply to MBB.

If you want to be a consultant, then I would probably go to Deloitte. If you know exactly what you will be doing with Citi, and it is related to business or corporate portfolio strategy, then go for that.

Jun 14, 2020

If you don't like your group in Deloitte perhaps after a year or two you could move into the Strategy and Ops part, and that would definitely help you to lateral to MBB.

Jun 14, 2020

Deloitte.... get ready to travel a shit ton tho.

Jun 14, 2020
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