I Quit My Big 4 Consulting Job - What's My Exit? & Why I'm Leaving Corporate After Deloitte
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- Äas pĆidĂĄn 25. 07. 2024
- Just like we talked about Steph quitting her job - Den did too! Today he's talking about what it's like quitting a big 4 consulting job, why he quit, what it was like interviewing for other companies in industry, what the quitting process was like, and what it was like overall working in big 4 consulting - the good, bad and ugly.
0:00 Introduction
0:20 Why I Left Deloitte Consulting
1:05 Interviewing For Jobs In NYC
2:30 Interview Experience With 'Better'
4:18 Choosing To Work For Myself
5:26 Handing In My Resignation
5:52 Last Week Of Work
7:07 Consulting Colleague's Reaction
7:40 How It Feels Leaving Corporate
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Tell me your funny interview stories and experiences like mine - ha! đ
Hey guys, Just want to say you've had amazing careers so far, and I'm sure that this is the beginning of something great. I wish you all the best and look forward to seeing your next videos :)
At my previous office, employees had to personally hand in their resignation letters, which is really difficult, in that there is bound to be that "awkward" conversation, where you say, "it's not you, it's me". So awkward for me. I was trying to strike the right balance between being respectful towards my mentor and being firm in my decision making.
Will never forget this.
My interview for my current job (have had this job for almost a year now) was super laid back and kind of funny. My boss knew he was going to hire me based off my resume and basically just wanted to have a conversation with me. He asked me things like "do you know your alphabet?" and "do you smoke?" Among a couple professional questions. I thought it was super weird at the time. But he is a very reputable boss and I'm very happy to be working for him. đ
@@perthvlogs4832 Thank you so much, we really appreciate it đ
@@megs2710able That's definitely an awkward experience! With my (Steph here) first experience quitting, I had to call my boss because I wasn't going to be in the office at the same time as her for over a week. She wasn't expecting it and I was so nervous, so there was some awkwardness that time!
Congrats! As a recent ex-Big 4 in Toronto myself, I'm excited for you to share your insights and experiences!!
Thanks, Jade! đ
Congrats, Dennis! Wishing you the best for every step in your journey. Go and conquer your dreams.
Thanks so much! đ
Love watching your videos so informative and helpful for all of us in Canada!
So glad you like them! đ
Congrats to both of you! Officially left the big D last week as well. Exciting times!
Thank you + congrats to you, too! đ
After I resigned from Deloitte, I literally left the country for 2 years. I spent a year backpacking. Then I worked in Africa for a year. I only came back after I got a raging case of malaria. So believe me, I get it.
I also waited for my bonus to drop before I sent my resignation. I was so happy! Several other people did the same, because multiple resignations happened around that time.
Thatâs great you took some time away to refresh - and woo to getting that bonus! đ
Congrats! I As a recent ex-Big 4, I find this video so helpful and motivated. Thank you so much! Good luck on your new journey!
Thanks so much! đ
Everyone is quitting and moving up or going the self emp. Route. I need motivation to get out. So happy for you guys at least you have each other to lean on. Wish ya well.
Thanks so much! đ
đđŒđđŒđđŒDen, the sky is the limit for your. You did the right thing. Be your own Boss and blessings are coming your way. Asante sana.đđœ
Thank you so much! đ
All the best in y'all's future endeavors, #StephAndDen!! Can't wait to see what next is in-store...=)
Thanks, Travis! đ
Dang dude congrats I really respect your move to take on your business full time. At the end of the day that Deloitte experience will always be with you and Iâm sure you can leverage it in the future if need be.
Thanks so much đđż exactly!
Excited if you all do move to NYC!! I live here myself
Maybe one day!! Weâd need all the NYC recommendations đ
Oh wowwww congratulations to you alll! Seriously not surprised that you are leaving big 4 early
Thanks so much!
Congrats đ„ł love seeing Toronto folks succeeding
Thanks, Samantha! đ
Literally wrapped up my time at Deloitte Toronto in April too! Definitely felt similar with that departure experience aha but congratulations once again you two!
Thank you! đ
I want to hear more about your interview experiences and your continuation of the process for applying for jobs.
Hey Nelson! Can definitely talk more about that in the future đ
The US (New York specifically) job market is not only competitive, but BRUTAL as well.
I went to college in North Carolina, worked there 1 year and moved to Canada
Love your story. Wishing you all the best moving forward:-))
Thanks so much đđżđđ»
So happy for you as well Dennis! I canât wait to see how you and Steph grow and I love that you will both be sharing your journey and continued successes with all of us!
Thanks so much, Colleen đ
Congrats, Den! Would love a video with tips on creating a resignation letter or staying sane through that process đ
Thanks, Danielle! đ + great suggestion!
So excited for the content to come and to see where this all takes you đ
Thanks, Cristina! đ
make sure that you make an impact the matter :) im about to leave as senior consultant too
Congrats on making your move! đ
Congratulations and good luck!!!
Thanks Jason! đ
Awesome. Can you give an example of that departure checklist you had to fill? Would you mind browsing through it in a video or if not allowed, generally share the bullet points tasks/items you had to do and fill up? cheers
It's all of the company specific stuff you have to remember to do, like download your T4 slips and payslips if you want to, record your hours for the last time, returning your equipment, submitting outstanding expenses, etc. đ
Congrats, man. Long road ahead, but good first step.
Thank you!
Congrats to you bothđ„łđ„ł
Thank you! đđ
Congrats again Dennis!
Thanks, Austin! đđż
Good luck with your future plans
Thank you! đ
So happy for you two! Thank you for being so honest. You guys rock.
Thanks, Wynette! đ appreciate it!
Hey, thanks for the great content. I have just started my big four journey at KPMG and I must say, your videos have really helped me to put things in perspective. I don't usually comment on videos but I felt the need to show my support for you guys!
Amazing, weâre so glad to hear that! Thanks so much đ
Congrats you guys! Love following you and excited to see your business grow!
Thanks so much! đ
I wana thank you for making this video, I actually joined DEloitte last month as a Senior Consultant
Thanks for watching! đ
GOOD LUCK I'm plotting my escape. It's only been 4 months
@@booosean5247 may I know why? I'm kinda thinking about the same. It's just not me. If you'd like to connect and chat about it, I'd be happy to
How is it to work there from then ?
I really like your videos and will continue to watch your videos (I'm already subscribed). :) I'm an accountant also, just a bit older but I think you two have great content!!
Thanks, Aaron! Appreciate it đđżđ
Congrats!!!
Thanks, Nick! đ
Hey Den!
I found what you said regarding your interview with Better to be very compelling because you felt the interviewer wasn't prepared and was cold. I interviewed for a position at CIBC recently and felt the same thing i.e. reading from a script and overall just being disingenuine. You know when someone smiles at you but you can tell it's not real? Like in Mean Girls haha.
Another point you brought up was how you decided to stay longer at Deloitte to secure that performance bonus. When I decided to leave my corporate role at the end of July, I knew that if I stayed till year end, I would secure my bonus for 2021. Full transparency, my 2020 bonus was $15k gross and I was guaranteed that my 2021 bonus would be higher if I stayed. Anyways, I had to make a call and the big question I asked myself was, "Is $15k or $20k worth my sanity? What price tag would I put on it?"
I loved that you brought up how Deloitte has basically been your second home for the past three years. I was at my workplace, Noble, for three years as well in a management role straight out of university. Although I'm three years older than you and Steph (I think.. you two are 25, right?), those three years were still very formative years for me. I'm still very close to a lot of the senior leadership team and other employees there and they watched me grow up in some big ways. Having said that, it was sad to leave because of the connections and memories I had created, however, like you, Den, I was really excited to explore new options and see where this new passion for personal finance would take me.
That sucks that you didn't have the same experience as Steph regarding how your ex-coworkers reacted to your departure. Fortunately, I had a very similar experience to Steph. At least you're your own boss now and can treat yourself however you want! :P
Anyways, I'm really happy for you two and that you've both taken this big step in your lives. Happiness and health and both of you.
All my best.
So just a few points, aside from these very insightful and good video!
The "stamp of Deloitte" only means something if you 1. have multiple years of experience or 2. have experience as a manager level + at Deloitte.
Most people who are career-minded start their careers as senior consultants or higher at Deloitte to work their way up through things like fast track etc.
I'm not sure what made you decide to leave to then try get a job with a different company seems like the very long way to handle this.
That being said, great on you to cut a higher possible income for something you're passionate for.
Many people leave at the Senior level and exit into a Manager role in industry đ thanks for watching!
The great resignation is REAL! All the best in the futuređđŸ
Definitely! Thank you đđż
Who else loves Dennis's outtro? It so full of energy!! And the dance moves? love it!!
Hahaha thanks Dera đđżđ
Love this channel!!! NEW SUBSCRIBER!
Woo thank you!! đđ
Best of luck to you both - I hope both your dreams continue to grow!
Thanks so much, Safia!
Iâm so happy for you both!! Congratulations on being free. đâ€ïžđ
Thanks, Kai! đ
Yay for you two!
đđ thank you!
Congrats! pretty shocked you both quit, I hope you have so much success in your next endeavors! :) Hopefully you both do meet and greets whenever it's safe to do so, I live in the GTA myself. Would be cool to meet you.
Thanks so much, Jaden! Say hey if you see us around đ
Good luck with your next step đ
Thank you!
Good luck on your journey! I was never brave enough to bet on myself and go it alone but I see big things for both of you.
Thanks so much, Aseem đ
Hi Dennie, I just joined Deloitte for 3 months! Sad to see you leaving but also excited for your future and can't wait to hear your upcoming gigs!
Thanks so much, Jessie đ
All the best Dennis and Steph! You guys are going to do great things!
Thanks man! đ
So excited to see what you both come up with in the future!
I had an interview where the recruiter was literally giggling during the meeting. Sufficed to say, I said no to the company immediately!!!
Thanks so much! & jeez - that would be awkward! đ
I love these videos
Hey Brittany! So glad you like them đ
Congrats Brother! Really Proud of You! Can't wait to see what You and Steph do!
Thanks so much my friend! đ
Congrats to both of you!!
Thanks, Bryan! đ
Iâm still interested in knowing what you will do next
You'll see it all here on the channel! đ
Wow, I just found you guys in my reccomeneded, and I'm loving the content you guys are putting out! I'm a year out of high school hoping to go to University next year in the accounting space, these videos are awesome!!
Hey Malcolm! So glad you found us đ good luck with the application process and starting university! You got this đđżđđ»
I remember calling you and freaking out about how to get into consulting last year. Since then, your videos provided valuable insights on strategy and consulting that helped me consider my career path after University. I just received my consulting offer from a Big 4 firm this week, and I am only one of the many students you have impacted with this channel. Looking forward to many more videos, more growth and success of your channel! Good luck to both of you! :)
P.S. Please share some of your worst experiences at Deloitte and PwC sometime, subtly of course :)
Hey Abyad! Totally remember, you were the first call I had with someone from this channel - huge congrats on getting that consulting offer đđżđ Appreciate the kind words and will absolutely share some more 'behind the scenes' stories over the next few months!
Love this
Thank you! đ
Congrats to you both! Looking forward to future content.
Also, glad you'll remain in Toronto!
Thanks so much, Daniel! đ
Big moves. Congrats! Looking forward to the new content.
Thank you! đ
So awesome, congrats!
Thanks, Daniel! đ
Congratulations ! Wishing you both continued success
Thanks so much, Ulyssia! đ
Great Video! Maybe I should take the plunge and focus on building my CZcams channel. I am in my mid 20's as well working as a banker in Canada. Been working at my bank for 3 years as well.
Thank you! Good luck if you do đ
Congrats! I donât know one person whoâs liked working at Deloitte tbh, especially Black friends. Iâm 20 years into my career now but Iâm planning for retirement at 55 in 10 years and to work for myself then. Fingers crossed. đ
Thanks for watching, Trisha đ
Congrats and love your videos....can you tell where you get your shirt from ...thank you.
Thank you! Itâs from Urban Outfitters đ
@@stephandden great⊠thanks again
Would have loved to see you both do a move to NYC series! My partner and I just did the move from Canada to NYC and had SO MANY financial questions. There just isnât enough resource out there unfortunately.
Maybe one day, we'll see đ That's a good point though - it's a huge financial change and not talked about enough!
Toronto Stand Uppppp !!!! đšđŠ
đđżđ
Big fan of you two! Keep it up! Iâm sorry to hear that your coworkers werenât too sympathetic about your departure. Donât worry, theyâll remember you soon đ
Hahaha thanks, Sherif! đ
I just quit my Executive Director position this week to start my own nonprofit organization. Although it was tough, I wanted to spend more time practicing my skills in the nonprofit sector. And I wanted to be my own boss again.
Congrats, Jacob! That's great and a big change đđ
Great move Jacob, always rewarding to make money and transform the lives if the vulnerable in society. I do have a nonprofit organization too, pls reach out if you want to partner :)
How are you doing now?
Congrats! I took the leap a little while ago too. Love the pink sweater btw :D
Thanks Adam! đ & congrats to you, too!
Totally surprised but it makes sense. Your business is up and coming. I'm just curious... Did you have to wait 3 months to announce (in Steph's case) for a reason? I'm just wondering what the technicalities were.
No reason for having to wait! Steph just quit in July and I didnât until September, so we were waiting until we were both full time until announcing đ
You should do a video about how you both met :)
We met working for the same company the summer before our last year of university đ good timing!
Shout out from Vancouver!
đđżđđ» hey hey!
Hey, I'm currently studying a Level 3 Business BTEC in the UK ( a college course if you're not familiar with our education system - I'm 17). The BTEC qualification is a relatively new one, that focusses on a more practical method of teaching. For example, coursework makes up half of my overall grade with exams taking the other half. This style of education has made me think that University might not be for me, instead I'm thinking of applying for a apprenticeship scheme with one of the big four where I can get professional qualifications while getting paid and bypassing university. I'm not sure if you're familiar with these schemes but if so, do you think apprenticeship schemes are a good alternative to University? if yes, can you think of anything that university offers that these apprenticeships don't/vice versa? I'm just in dire need of advice because careers advisors in my college only seem to know about university routes :(
Yeah Iâm finishing my masters at uni of surrey and I would recommend you do a degree apprenticeship. If you canât do that then try and get into an elite uni. A normal apprenticeship is also fine.
Amazing!! Congrats
Thank you! đ
Oh man had no idea you were at Deloitte too. I'm at the office in Washington DC and was gonna look for your email in Outlook and say what's up haha :D
Ha, love it! đđżđđż
That is interesting, I've started back college to pursure an accounting and finance degree for a part-time career while I keep my online business I've had for 19 years.
That's amazing, especially that you can keep your online business at the same time đ good luck with the new path, too!
@@stephandden Yup because jobs don't accomodate people with a disability.
Steph and Den congratulations on quitting your jobs and becoming self employed. How did your parents or loved ones feel when you disclosed that you are quitting? Just curious đ€š
Hahaha - you tell me, mom! đ
Ha ha. Too funny đ
what are your thoughts on the tier 2 management consulting firms? EYP , OW, LEK , Kearney, Strategy&?
Hey! In general, great firms that will give you good experience. đ
@@stephandden how are exit ops / pay / wlb / culture vs MBB or Big 4? do you guys have any insight there?
Was there an option to do an internal transfer with Deloitte to New York?
That was a potential option! I wouldâve explored that more if we hadnât decided to go this route đ
Did you ever attempt to go from Deloitte Canada to Deloitte USA?
Could you not have transfered to Deloitte US via a tn visa - then leave for an nyc job
That couldâve been an option, yes! Weâd talked about that - potentially wouldâve explored it if we didnât decide to go self employed đ
The great resignation. It's real. You're an educated and skillful enough couple to quit the way you did. For others, they'd have to hold on to dear life up until they're good and/or qualified enough to secure freelance or "self-employed"
It is real! Thank you đ
Or employers refuse to employ them and the worker has no choice but to go freelance/self-employment!
Doing things you are genuinely interested in is more important than anything else, letâs goooo
Letâs gooo thank you! đđż
Congrats for escaping the sweatshop. From another ex-Deloitte.
Thanks for watching!
Congratulations on making your move! Could you share why quitting is the better choice for yourselves?
I had been applying to big firms in the past months, and it was a roller coaster of emotions. Got into the final round of interviews after months of applying, only to get a rejection. I know starting my own business is logically the better choice in the long run, but I have FOMO for not having trained at a big firm. Could you help out with my FOMO? Hahaha but thank you guys for always being so cool and real
Thank you đ For us, itâs because weâre leaving to build our own business, do something we love thatâs more impactful, and we see the opportunity for more income over a shorter period of time than our prior jobs (to name a few!). Totally can relate to that feeling of a roller coaster of emotions while applying - it can be a journey. Itâs really up to what you want to do and what works best for you - if you plan to leave the big firms after a few years anyways and feel like you could start your own business now then go for it! On the other hand, if you have a plan on what youâll gain from working at a firm first than keep pushing for that path - weâre sure youâll make it happen. We hope that helps đđżđđ»
Totally need to ditch those companies that are late and have bad attitude. Back in my college years, a PwC recruiter seeking candidates for my home country was super late (for all the interviewees) and asked weird questions, especially questioning me why does everyone want to go to HK office... I meant itâs a choice of us ... why all the judgment. In terms of the the job position filled out already, that happened to me from one big four too so itâs like industry trend
The interview experience is important for candidates!
Very brave for both of you to quit! To the rest of the world we look like crazy people, that are quitting secure jobs with good pay!
Thanks, Lari! đ
I will be joining a big firm soon and I'm already planning my exit đ
Hahaha - you're ahead of the game! đ
Good luck
@@stephandden I'm envious that you guys are quitting while I am just about to join. Very happy for u two and will be following along in your journey and best of luck !
@@nursebondemcanada gonna need it lol
How do you apply to jobs in the US as a Canadian citizen? I heard itâs super hard to transfer over to the States
Would love to hear more about the visa + application process, etc
It definitely was hard to get past the US applicants - I can share more in the future too, but I ended up cutting the process short so I don't have further details on the Visa process, specifically!
There are various types of Visa. As they mentioned, the hardest part is getting the job with the US firm while having a Canadian work background. It gets harder for people in fields like accounting because the US uses GAAP and Canada uses ASPE and IFRS. I did the reverse, graduating from a US university, worked there for 1 year then moved to Canada on a closed work permit to work for a Canadian employer. Good luck!
Hey guys! To be frank what is the end goal here to be CZcams stars? I too have an big firm job and work on entrepreneur endeavors on the side but what is your plan going forward ? This is not a judgment post frankly just wanting to get your perspective? Thanks!
Hey! To be âCZcams starsâ, no - we of course want to continue to grow the channel, but aim to build out a broader financial education brand and expand over time. Weâll keep sharing on here are we venture into new areas! But for the immediate future we do want to grow the channel more first đ
I love this new step that lots of Millennials and Gen Zâs are taking. Live for you and follow your dreams!!!
đđđ agreed!
congrats my man can't put a price on freedom! Hoping to follow your guys foot steps.
True that! Thanks đ
Den wanted to know... who is your favourite NBA Player of all the time and who is your favourite Current NBA Player ? Also, do you follow European football and if yes, what club do you support?
Hey Katya! Fav player of all time is Kobe Bryant, current fav is Kevin Durant. I don't follow European football at the moment but definitely a Manchester City fan đđż
Work for a big 4 too. Looking to quit. Back to work after this video lol
Hahaha I feel you! đ
some companies just don't understand the importance of having a great recruitment team and onboarding process
Good point - and/or the teams themselves donât take that part seriously
@@stephandden absolutely. First impressions arenât just one sided if I experienced what you did my first thoughts are if this is happening now before Iâm even in the door what chaos will there be if I join?!
The disrespect of that first interview YIKES! đ©đ©đ©
Ha it was an interesting first experience after a few years out of the interviewing game!!
@@stephandden definitely not standard/acceptable!! Good luck for the future, looks promising for both of you đŸđŸ
I previously worked at a Big 4 and the turnover rate these past two years have been crazy.
It really is - crazy to watch, too
Living on your own
đ
Get some Travel contents too! Finance + Travel Contents = CZcams Revenue $$
No immediate travel plans for us! We're working away here đ
What area in Deloitte did you work in?
Assurance Advisory!
Love from South Africa đżđŠâ„ïž
â€ïžâ€ïžâ€ïž
After rendering 12 years of service for this organisation. In 2021 march i have put my papers. That was the happiest moment in my life. I have to join a contract job initially then my own startup. Life is very simple and transparent now. No bullying managers, directors, stupid firm initiatives, no caste, religion, regional and race politics now which earlier i faced with deloitte. đ€âđ