Moving from Deloitte to an EY Career Path

Rank: Chimp | 14

A little bit about me:

Graduated from a non-target university, spent 2 years in a corporate leadership development program and 2 year at EY Advisory - Performance Improvement practice. High performing senior consultant, no MBA. I was approached by a Deloitte Consulting recruiter and decided to follow through the process (private message me if you have any questions about the experienced hire interview process at Deloitte Consulting) Just got off the phone with a Deloitte recruiter and here is the offer:

105K base, No sign-in bonus, comparable benefit as EY - as a consultant in S&O practice.

I have heard good things about Deloitte S&O but I am not sure if it would be the right career move since I would be having a lower level title.

I am moving from NYC to San Francisco. EY has limited market share in the west coast because many big tech firms are its audit clients. On the other hand, Deloitte Consulting is doing very well and the projects are quite interesting. This is my biggest motivation.

I do have a strong network and level of support at EY in the Northeast region, but not so much in the west coast. With my relocation, I will have to rebuild my network anyways. I would assume it should be easier to do so at EY with introduction and endorsement, but don't think it would be that much harder in Deloitte.

I do enjoy the culture at EY very much. It is supportive, friendly and diverse. Though I am not very impressed with the caliber I have seen in the firm, especially in its middle-level management. It gets frustrating sometimes, but also makes it easy for me to out-perform my peers and move up quickly.

EY vs Deloitte S&O Offer Decision

Considering the fact that the OP will be moving to a new office regardless, our users shared that Deloitte is the better choice between EY and Deloitte due to the brand reputation of the firm. Our users also shared that the west coast location of Deloitte is strong in the tech practice which will help further your career. They also highlighted that being new to the firm will better help you expand your network.

John-Doe8 - Consultant:

I think you make the move to Deloitte. Being new will actually help you network, people are generally friendly and open to someone new at the firm. Deloitte is strong in tech, as you said, so it aligns better with your new location.

The senior promotion angle is interesting, but don't get disheartened if you can't make SC without an MBA. Its a run, rewarding experience and you may want to do it I'd 2-3 years anyway.

chron3k - Consulting Director:

I'd go Deloitte. It's a better brand if you care about that. It sounds like you're headed that direction as well.

Separately, User @John-Doe8, a consultant, shared some different factors to consider:

John-Doe8 - Consultant:

I'm biased toward Deloitte, but if you're performing well at EY and the offers are comparable, I don't really see a reason to jump ship. You're a known commodity at EY, have an internal network, know the systems, etc. You don't seem unhappy from your post, so what's the motivation for the move?

You can read more about Deloitte's Strategy & Operations practice below and on their website.

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Comments (19)

 
2/4/15

Congrats.

Is your base more than E&Y? I'd say NO unless they are paying you 10k more at Deloitte. With an MBA, you will position yourself much better at SC from E&Y, than a C from Deloitte.

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2/4/15

He'd also be an SC at Deloitte with an MBA, so what's the difference?

 
2/4/15

For OP,

I'm biased toward Deloitte, but if you're performing well at EY and the offers are comparable, I don't really see a reason to jump ship. You're a known commodity at EY, have an internal network, know the systems, etc. You don't seem unhappy from your post, so what's the motivation for the move?

 
2/5/15

Another thing to consider is the considerable growth in EY's advisory practice. The group's growth rate is the best in the industry and if you want to stay in consulting, the upside at EY is strong. You can possibly make a bigger impact and move up the ladder faster.

 
2/5/15
JMeister:

Another thing to consider is the considerable growth in EY's advisory practice. The group's growth rate is the best in the industry and if you want to stay in consulting, the upside at EY is strong. You can possibly make a bigger impact and move up the ladder faster.

What's the growth rate?

 
2/5/15

I am moving from NYC to San Francisco. EY has limited market share in the west coast because many big tech firms are its audit clients. On the other hand, Deloitte Consulting is doing very well and the projects are quite interesting. This is my biggest motivation.

I do have a strong network and level of support at EY in the Northeast region, but not so much in the west coast. With my relocation, I will have to rebuild my network anyways. I would assume it should be easier to do so at EY with introduction and endorsement, but don't think it would be that much harder in Deloitte.

I do enjoy the culture at EY very much. It is supportive, friendly and diverse. Though I am not very impressed with the caliber I have seen in the firm, especially in its middle-level management. It gets frustrating sometimes, but also makes it easy for me to out-perform my peers and move up quickly.

I emailed Deloitte today countered 115K and clarified if I can be considered for Senior promotion in 2016 without a MBA. We will see what they come back with. Will keep everyone updated.

In the meanwhile, I''d really appreciate more input from you

 
2/6/15

Roger that. With this additional context, I think you make the move to Deloitte. Being new will actually help you network, people are generally friendly and open to someone new at the firm. Deloitte is strong in tech, as you said, so it aligns better with your new location.

The senior promotion angle is interesting, but don't get disheartened if you can't make SC without an MBA. Its a run, rewarding experience and you may want to do it I'd 2-3 years anyway.

 
2/5/15

I'd go Deloitte. It's a better brand if you care about that. It sounds like you're headed that direction as well. How much of a pay bump is 115K from your current gig?

 
2/9/15

Hi,

Congrats on your offer.

I have a super-day interview this Friday which I understand will comprise of 3 interviews one of which is a case study and another a partner interview.

I am hoping to get SC role, but there is a possibility I may be offered Consultant as well same as you.

Can you please advice on what to expect on the day especially the case study?

Sorry I cannot send you a PM as I do not have enough banana's :)

 
2/9/15

btw while Consultant at Deloitte looks lower than SC at EY, they are actually same level so you will not actually be stepping down.

Deloitte: Analyst -> Consultant -> Senior Consultant -> Manager -> Senior Manager -> Principal/Director

EY: Consultant -> Senior Consultant -> Manager -> Senior Manager -> Partner -> Senior Partner (not sure about the last 2 levels at EY)

 
2/13/15

Do you know the typical years to progress Deloitte? I think a Senior Manager at Deloitte and EY, for example, would be doing similar work and looked upon as peers. Maybe senior consultant or analyst/consultant at Deloitte is a shorter time frame.

 
2/13/15
JMeister:

Do you know the typical years to progress Deloitte? I think a Senior Manager at Deloitte and EY, for example, would be doing similar work and looked upon as peers. Maybe senior consultant or analyst/consultant at Deloitte is a shorter time frame.

The normal progression at Deloitte is 2 years Analyst/BTA>2 years Consultant>2-3 years Senior Consultant>3-4 years Manager>4-5 years Senior Manager>Principal/Director. If you come in as an experienced hire (or if you're a rock star), you can make a case for a quicker promotion, ie 1 year SC>M. It's pretty darn hard to make that case, though, and you have to get all your ducks lined up in a row, as well as have a counselor who's got your back. I came in as an experienced hire and was unable to get all my Is dotted and Ts crossed for a one year promotion (and had a shit counselor, to boot), so I'm on the normal two year promotion cycle.

 
2/15/15

Out of undergrad it look as if it takes two more years to make it to manager from DC. That's disparity is very interesting.

 
2/15/15

It's pretty common (well, I shouldn't say *common*, but I know of a fair number of folks who've done it) to be a rockstar analyst and be promoted to consultant in one year. That would result in a ~6 year path from brand new Analyst/BTA>Manager, at least on the optimistic end. I know of one person who joined from undergrad and made it to Senior Consultant in 2.5 years, but I doubt he can continue that pace going forward, especially given the extra requirements for promo to manager (revenue, etc). Your average timeline is probably going to be closer to 7-8 years out of undergrad to hit Manager.

 
2/17/15
habu987:

It's pretty common (well, I shouldn't say *common*, but I know of a fair number of folks who've done it) to be a rockstar analyst and be promoted to consultant in one year. That would result in a ~6 year path from brand new Analyst/BTA>Manager, at least on the optimistic end. I know of one person who joined from undergrad and made it to Senior Consultant in 2.5 years, but I doubt he can continue that pace going forward, especially given the extra requirements for promo to manager (revenue, etc). Your average timeline is probably going to be closer to 7-8 years out of undergrad to hit Manager.

Based on my experience, I have not heard of a single case of an Analyst getting promoted to consultant after 1 year. The promotion from Analyst to Consultant is very consistently at 2 years, and almost everyone gets the promotion (except perhaps bottom 10-20% of performers). As a Consultant, with very few exceptions you have to leave and get an MBA to become an SC, although the direct promotion path was expanding when I left. You can leave after 1 or 2 years as a consultant.

Overall, path is 2 years as Analyst, 1-2 years as consultant, 2 years MBA, and 1-2 years SC until you are promoted to manager. 1 year SC to Manager is also rare, but not unheard of. Most who achieve that are former analysts, because they have a strong network coming back from school. So Analyst to M is 6-8 years, with 7 probably being the most common, 8 being fairly common as well, and 6 being very rare.

 
2/15/15
 
2/10/15

Interestingly i did the reverse of what you did, choose EY over Deloitte consulting. It would be interesting to see your journey if you do update

 
2/10/15

One thing I will say having spent 2 years as an analyst at Deloitte S&O is that at Deloitte your network is EVERYTHING. If you have a strong network, you get staffed on better projects with better people, and it is much easier to advance. As a lateral, you will come in with no network,and will not have the benefit of the Analyst/SC programs that are tailored to help campus hires build out their networks. I'm not saying it is impossible to succeed as a lateral, but its an uphill climb.

Is SC at EY title that MBAs are hired into? If that is the case, I would advise staying, as you would be taking a demotion and starting your career in S&O at a serious disadvantage vs. the peers you would be measured against.

 
2/12/15

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