Quote:
Originally Posted by trutem
Hi there, I currently have 2 offers on hand:
1) Local Big 4 Strategy Consulting Role
2) Hong Kong based Transaction Banking Management Rotational Program
Compensation wise - The banking program definitely pays more but net of my expected rent it is about the same as the big 4 strategy consulting role.
I have done a consulting internship at a top tier firm before and I did not really enjoy it the most (long working hours, grinding excel etc.) but i recognize that exit opportunities are abundant, just not sure if the same exit opportunities applies the same from a Big 4 perspective.
Wanted to get anyone's thoughts about how would they choose between these 2 opportunities?
Thank you!
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Hi,
First of all, congratulations for landing 2 offers. Good job.
Hopefully my comments can help you along the way.
First of all, consider your career interest because both areas are different. Consulting will be intense and project-based, and I believe you will be work across wide range of industries and companies which is great exposure. I have worked with colleagues from consulting background, and I generally find them to have good soft skills, structure ideas well and have critical thinking. But they lack specialist skills as they have always touch and go on their projects. You can also find ex-consultants in many different functions from Corporate dev, business dev, marketing, HR you name it. On the other hand, you have transaction banking, which is the area in banking that offers services to companies related to import export, payments, cash management etc. It's quite an operational function I feel. But I'm not familiar with this area, so do more read up more about this area to see if you are interested.
Secondly, you mentioned the pay difference of 1.2 - 1.6 k additional in the bank. These would go straight to rental in HK, which honestly will not even be enough. I have a few friends currently working in HK, paying rent of 2k for an average apartment in downtown area. Therefore, I would say you should not base this decision on salary.
Firm specific, Parthenon EY may not top tier level consulting like
MBB. But if you go to linkedin to look at the profiles of people working in Parthenon, they have really good people with outstanding credentials. You'll have the opportunity to work with them and that's really cool. And working in consulting, will put you in a better position to join the top tier companies down the road.
Above are my 2cents. All the best!