Need advice! (PPO + Placement)
Context: Worked at a boutique consulting firm this summer and loved it, especially my team and my manager who was very empathetic and caring. Received a PPO.
Problem: Given family financial circumstances (primarily) I had to think beyond my interests and hence sat for placements and received a placement from a much bigger consulting company. I now feel super guilty and do not know what to do. I eventually want to come back to the boutique firm as it specialises in a niche I care about (once family issues sorted).
Question: Is it wise to be fully upfront, first tell my side of the story to my manager asap and reject PPO politely? If not, what is a good way to do it?
TL:DR - How to reject a PPO after accepting it?
Any honest opinion and advice would be highly appreciated. I understand I have put myself in this complicated situation.
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What's the difference between PPO and another offer?
In your situation, money matters. I would suggest you reach out to the manager and explain to him your situation. Also, tell them what's your preference if it wouldn't be a financial situation. Then lets see if they come up with a counter offer. If not then go ahead with the highest offer.
Thanks for the reply! The CTC difference is ~7 LPA. I don't see them making a counter offer as both roles are entry level positions post UG.
But yes like you said, I will be upfront with them that I actually prefer them but given circumstances I should take the call, my only concern is if they will believe that :/
Can you provide the information in terms of a percentage? By the way, that's a wise decision. They have to; if not, then they are not what they are pretending to be. Just believe your skills are worth every penny you are getting, and either they have to counter or bless you in your future endeavors. Don't get emotionally deluded if they try to make you believe they have everything you need except money. The attitude of the team or manager varies a lot, whether you're an intern or in a full-time position.
If your PPO’d company is willing to come halfway you need to consider that as an option. There are very few workplaces that you might encounter in your career where you’d love to work at. It is better working at a place you admire than searching out at a later point in your career.
Fair enough and I wouldn't even have considered placements had it not been for my family obligations.
I'm stuck at how to break it to my intern company in a way relations are smooth and I can return back, any suggestions on that front if you have please?
Get in touch with your poc and have a meeting. Be upfront about the offer. Make it clear to them why you want to join them and your ask.
Work at a place you love. Money levels off pretty quickly.
Much bigger company (especially if its MBB / Big4) is going to suck your will to live. Not worth the 7L imo.
Also, explain your predicament to the manager. They may not bridge the 7L, but even if they come halfway thats a win for both.
Haha, the placement offer is indeed from one of those apparently life sucking firms.
I agree that money levels off quickly, I'm looking to have a strong jump financially to cover some expenses happening over the last few years.
Once that's done, CTC wouldn't be that big of an issue for me. Which is exactly why I want to part with the intern company smoothly, so that I can return once I meet the obligations!
Best to share some context with the firm you interned at imo, so even if you plan to join back at some point you'll be welcome
Makes sense, the other comments have also said the same. I'll make sure to do that.
How much is the difference?
Hi! It's 7 LPA. But of course, the difference keeps widening as years progress I'd assume given its consulting.
If the new offer u r about to consider is coming with 6 months internship + FTE, don't take it. Also, my honest opinion is go with the one which u have worked with before as u r convenient and aware with the company's work culture. Just bcz u r getting 7 LPA, that doesn't mean u r gonna have a secure job.
Later if u realize that u r not a fit, u would be the first one to be let go. If ur performance is not up to mark, you would be put on PIP. As the economic conditions are uncertain, if layoffs happen, you ll be the first one to be laid off and this happened with many freshers in the last 2 years who got hired with more than 12 LPA. No need to say, many companies & startups which offered more than 12 LPA during campus placements have revoked or rescinded the offer letters or students didn't get the joining letter.
Consider all the above scenarios. You are starting your career and your top priority should be learning curve and skillset. Nowadays many devs who even got more than 12-18 LPA upon graduation are doing MBA just after 2-3 yrs of careers bcz they realized it's not for them and many especially the ones after 2018-19 are not confident about their own experience
Yepp, thank you for the info. The placement one is a direct employment offer, however, I will consider the uncertainty of the times before I take a call!
Hey , how did you prepare for it, what all projects, interships you did . I need help regarding that . Was it off campus ?
Hey @tennesseeblah
Read the comments
20 LPA vs 13 LPA is a difference
Also, the firm is a WLB killer, but it is known to lead to good outcomes in the long term - because of brand, network, etc.
You also need it because of family reasons, so all the more makes sense
You said your manager at the PPO is empathetic. I’m sure they’ll get where you’re coming from. If they’re able to bridge the gap, well and good
But there are enough things that weigh on the side of the campus placement