Non-MBB S&O vs. Fortune 50 Corporate Strategy
Looking for some direction on a career decision I'm struggling to make. Want to make sure I'm considering all the inputs as I value my two options – stickingS&O or pursuing a Corporate Strategy Associate position with a Fortune 50 Global Insurance company.
My evaluation of the options is based on two criteria: 1) supporting a better 2016 MBA application and 2) carrying better branding and skillset, particularly for work in the start-up sector. For discussion purposes let's assume salary is held equal.
My Profile: Graduated from a non-target school 4 years ago, high honors, Econ & Math. Worked for a Fortune 200 insurance company as an analyst/associate manager for 3 years. Moved to Deloitte SO as a consultant a year ago.
Deloitte: Been with the firm for a year, up for promotion to MBA level (Sr. Consultant) next year. I work largely in the Financial Services space, mostly Operations work with one Strategy project and M&A due diligence mixed in. As an industry hire, I was fairly pigeonholed into my area of expertise and see little breadth from an industry perspective. Also, being Deloitte, we do a lot of Operations work, which is not the most stimulating (or as valuable as other competencies).
Offer: client offered me a role in a corporate strategy group, with the chance for exposure to M&A work, which is relatively new to me. The group is about 30 people, looking to grow to 40 by year end. They are split into two groups – Strategy and M&A, with junior practitioners allowed to participate in both roles.
1) It seems the value of consulting in large part is the breadth of experiences. As an experienced industry hire, I see little of this benefit. Furthermore, the Corporate Strategy gig offers focused exposure to strategic programs as well as M&A. But I don't have many friends or family who have been in Corporate Strategy/Strategic Planning, so I'm not sure what the day-to-day is really like. Is it comparable to consulting work?
2) I'm confused as to which experience and brand is valued more. I was under the impression Deloitte was more valuable in the marketplace/grad schools, but the majority of the Corporate Strategy folks were top 10 undergrads and/or worked at elite investment banks … so it must be attracting high-quality individuals for a reason
3) I'm a little worried an opportunity like this won't pop up again – most people I know that leave Deloitte S&O for industry exit into Operations roles (finance, etc.). I don't want to squander a unique opportunity to be in Strategy, but I also don't want to overvalue it.
If anyone who has comments, from a consulting/corporate/MBA/start-up perspective, please provide, especially if you think I'm neglecting an important part of the equation.