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Banking Tech vs Consulting

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  #61 (permalink)  
Old 17-06-2021, 07:50 PM
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My goodness. There is literally no differentiation between consulting and strategy at ACN now. What do you think the rationale was behind combining S and MC to be S&C (as it is known now)?

Started in S&C in May last year (4.8k base).
Titles still different. Pay still different.

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  #62 (permalink)  
Old 17-06-2021, 07:54 PM
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Titles still different. Pay still different.
If you say so I guess. LOL

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  #63 (permalink)  
Old 17-06-2021, 08:00 PM
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If you say so I guess. LOL
Dont need to act all smart about it. Strategy people would never say they joined acn s&c. They would say strategy. Only mgmt consulting people want to associate themselves with s in s&c.

Strategy analysts started off with above 5k even before the merger. Are you saying they had their pay dropped down to your mgmt consulting level? Does it makes sense? I would expect more thought from someone in consulting. I guess that is why you arent in the s in s&c.

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  #64 (permalink)  
Old 17-06-2021, 08:01 PM
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Dont need to act all smart about it. Strategy people would never say they joined acn s&c. They would say strategy. Only mgmt consulting people want to associate themselves with s in s&c.

Strategy analysts started off with above 5k even before the merger. Are you saying they had their pay dropped down to your mgmt consulting level? Does it makes sense? I would expect more thought from someone in consulting. I guess that is why you arent in the s in s&c.
Ok. If you say so. LOL
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  #65 (permalink)  
Old 17-06-2021, 08:59 PM
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It's just the branding i guess. If you are this capable, why not join the big tech instead , even those e-commerce are also giving 5-6k + rsu min for fresh grad.

Why bother with sweatshops.
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  #66 (permalink)  
Old 18-06-2021, 02:22 AM
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It's just the branding i guess. If you are this capable, why not join the big tech instead , even those e-commerce are also giving 5-6k + rsu min for fresh grad.

Why bother with sweatshops.
Unless you're in devops / software stuff, I don't think big tech gross salaries and trajectory for "business employees" is as high as strategy houses. Granted, WLB and benefits are probably better there, but definitely not >150K total compensation in ~3 years (like in OW / ATK).

To me, big tech is a highly overrated job. But just my opinion anyway OP has decided to go banking tech route so good luck to him. Ciao.
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  #67 (permalink)  
Old 18-06-2021, 10:04 AM
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Unless you're in devops / software stuff, I don't think big tech gross salaries and trajectory for "business employees" is as high as strategy houses. Granted, WLB and benefits are probably better there, but definitely not >150K total compensation in ~3 years (like in OW / ATK).

To me, big tech is a highly overrated job. But just my opinion anyway OP has decided to go banking tech route so good luck to him. Ciao.
Why is big tech highly overrated? Data is the new oil. AI will inform decision making. All these strategy shops peddling snake oil advice won't survive the next 2 decades.
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  #68 (permalink)  
Old 18-06-2021, 10:32 AM
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Why is big tech highly overrated? Data is the new oil. AI will inform decision making. All these strategy shops peddling snake oil advice won't survive the next 2 decades.
Maybe he meant overrated to non-tech employees. Because non-tech employees dont get paid highly there anyway.

Big tech isnt overrated. They pay well for tech employees who are worth their salt-particularly those who are constantly seeking to upskill themselves in new tools, people who arent afraid to learn well into their 40s, 50s.
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  #69 (permalink)  
Old 18-06-2021, 09:16 PM
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Yea. Wasn't clear - overrated to non-tech employees. Pay is really just average if you aren't in tech side of things. Yes, data is the new oil - AI ML predictive data analytics big data data science bla bla bla all the buzzwords. Ultimately you just have to find the right industry / position to make good money comfortably, be it in big tech or not.

Strategy consulting will probably survive. Snake oil or not, C-suites dig it. Almost (if not all) the mergers / carve outs u see on Financial Times probably has a consulting team on it. However, the landscape, where they play, and margins may change.

Anyway, salary wise, all of the above are mediocre when compared to the PE dudes who earn through carry interest.
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  #70 (permalink)  
Old 18-06-2021, 11:26 PM
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Maybe he meant overrated to non-tech employees. Because non-tech employees dont get paid highly there anyway.

Big tech isnt overrated. They pay well for tech employees who are worth their salt-particularly those who are constantly seeking to upskill themselves in new tools, people who arent afraid to learn well into their 40s, 50s.

Haha i see alot of these non-tech people joining big tech company and they automatically become some "techies". Throw big words like AI/ML/Data Analytics when they can't even write proper formula in excel.

Then the news also promoting these role (women in tech or tech switch whatever) such that the entry of barrier into tech industry become a joke. Like a chinese culture grad can suddenly become data analyst lol?! But then data analyst is not considered tech role anyway. They just churn data and do dashboarding.

Anyway, the top pay in tech is always the engineering side but due to some hype other company slow to adapt to tech keep on hiring useless Business Analyst, Data analyst, UI UX designer and inflating their salary. When i say useless, i mean they hire more than required. such that they are many of these freeloading tech job.
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