Banking Tech vs Consulting

[megalomaniac]

Hi Everyone,

Seeking some help here as I'm evaluating come current offers and am in a bit of a dilemma.

Fresh grad here. I currently have an offer for a tech (SWE) position at a local bank, as well as a tier 2/3 strategy consulting firm. I know both happen to be very different roles, but I'm personally someone who is quite flexible in terms of the type of work I can do so I don't have a strong inclination on either.

I think the key question is this - which one will have more career capital in the long term? I know BO is not glamorous, but the technical experience could be a good springboard especially is a world that is digitalising. On the flipside, I'm concerned that tech in general is getting saturated and I'll just be another ordinary SWE. At the same time, if I enter consulting, I would not develop a specialised skillset, and while it is a somewhat glamorous industry now, I'm not sure about its future.

Anyone has inputs on this? Many thanks!

Originally Posted by megalomaniac

Hi Everyone,

Seeking some help here as I'm evaluating come current offers and am in a bit of a dilemma.

Fresh grad here. I currently have an offer for a tech (SWE) position at a local bank, as well as a tier 2/3 strategy consulting firm. I know both happen to be very different roles, but I'm personally someone who is quite flexible in terms of the type of work I can do so I don't have a strong inclination on either.

I think the key question is this - which one will have more career capital in the long term? I know BO is not glamorous, but the technical experience could be a good springboard especially is a world that is digitalising. On the flipside, I'm concerned that tech in general is getting saturated and I'll just be another ordinary SWE. At the same time, if I enter consulting, I would not develop a specialised skillset, and while it is a somewhat glamorous industry now, I'm not sure about its future.

Anyone has inputs on this? Many thanks!

What will you be doing in the consulting firm exactly? Implementation or actual strategy work?

[megalomaniac]

Originally Posted by Unregistered

What will you be doing in the consulting firm exactly? Implementation or actual strategy work?

A mix of both actually.

Never heard of tier 3 consulting firms. If the offer is not from OW/Kearney/RB (tier 2 strats), you’re probably better off going into local bank BO. No idea what’s with ‘glamour’ nowadays, BO in a bank will still enable you to live very decently.

Perhaps you can share the name of the consulting firm (or similar peers)?

If you are technical kinda person don’t go consulting route. Tech consulting is not glamorous and you don’t learn much in terms of technical skills. Just mainly stakeholder management and working on not so up to date technologies with IT illiterate clients

Originally Posted by Unregistered

If you are technical kinda person don’t go consulting route. Tech consulting is not glamorous and you don’t learn much in terms of technical skills. Just mainly stakeholder management and working on not so up to date technologies with IT illiterate clients

Accenture not glamorous?

Originally Posted by Unregistered

Accenture not glamorous?

Accenture is not glamorous at all for ppl who are into tech. More for ppl who like to engage client, wayang and able to speak well but not necessarily have the technical aptitude to do the work.

[megalomaniac]

Originally Posted by Unregistered

If you are technical kinda person don’t go consulting route. Tech consulting is not glamorous and you don’t learn much in terms of technical skills. Just mainly stakeholder management and working on not so up to date technologies with IT illiterate clients

Just to be a bit more specific, I'm referring to strategy consulting. I have decent technical skills but not the best at it.

Originally Posted by Unregistered

Never heard of tier 3 consulting firms. If the offer is not from OW/Kearney/RB (tier 2 strats), you’re probably better off going into local bank BO. No idea what’s with ‘glamour’ nowadays, BO in a bank will still enable you to live very decently.

Perhaps you can share the name of the consulting firm (or similar peers)?

This.

10chars

[megalomaniac]

Originally Posted by Unregistered

Never heard of tier 3 consulting firms. If the offer is not from OW/Kearney/RB (tier 2 strats), you’re probably better off going into local bank BO. No idea what’s with ‘glamour’ nowadays, BO in a bank will still enable you to live very decently.

Perhaps you can share the name of the consulting firm (or similar peers)?

I see. Don't want to mention the name of the firm directly, but similar peers would be RB, ADL, LEK, and Simon-Kucher.