How to successfully transition from a large corporate to an SME
Making the leap from a corporate giant to a Small or Medium-sized Enterprise (SME) can be both an exhilarating and challenging experience. In the corporate world, processes are often highly structured, roles are specialized, and resources are abundant.
SMEs, on the other hand, offer a more dynamic, hands-on environment where flexibility and innovation are key. As professionals seek new opportunities and fresh challenges, the transition from corporate to SME is becoming increasingly popular. This shift requires not only a change in mindset but also an adaptation of skills and expectations.
Learn about the…
- trends driving this shift,
- things to consider before making the move from corporate to SME,
- and differences in the hiring process.
Trends driving the shift in the transitions from corporate to SME
This shift has been driven by several trends beyond the increase in SME numbers.
- More responsibility - in large corporations, professionals tend to specialize in niche areas and have little steer in the overall direction of the company. Whereas, in SMEs, professionals can make a tangible contribution to the company’s success whilst diversifying the projects they take on.
- Work-life balance - SMEs vs corporate offer more flexibility in their working hours, remote policies, and a more relaxed work culture. As opposed to the rigid structure of larger firms.
- Market dynamics - in periods of downturns, corporations are more likely to place hiring freezes or downsize. SMEs are likely to be more agile and adapt to changes.
Considerations of moving from large corporates to SMEs
A common question asked by candidates is how to best manage this transition. Well, there’s a few things to keep in mind.
- Transitioning from a large corporation to an SME involves navigating increased responsibilities. Professionals must be adaptable and ready to engage in a wider range of tasks, often beyond their traditional roles.
- The cultures of corporates and SMEs differ widely. With corporates offering standardised processes, a hierarchical structure, and formal communication channels. SMEs on the other hand offer more informal and flexible cultures. If you are considering such a change, you’ll enjoy taking on responsibilities that are less defined.
- In SMEs, you may find there are limited resources to work with so you can expect to come up with creative solutions and achieve results with fewer resources. In corporations, you’ll find ample support and resources to get things over the line.
- Working for a large, well-known corporation often comes with a certain level of prestige, as well as perks such as extensive benefits packages, corporate events, and well-resourced facilities. SMEs may not offer the same level of external recognition or fringe benefits.
Based on this information, we would advise you to carry out some self-assessment to understand if this career move would be the right fit for you.
Ask yourself these questions:
- Do you enjoy innovation?
- Do you like varied responsibilities?
- Do you prefer working with a wider set of resources?
- What kind of culture are you looking for?
- What do you enjoy in a work environment?
SME vs corporate during the hiring process
SMEs tend to have a faster, more flexible, and informal hiring process, often emphasising cultural fit and adaptability, with direct interaction with top executives.
In contrast, large corporates typically have a more structured and formal approach, with multiple interview rounds focusing on technical skills and qualifications, standardised assessments, and longer decision-making times.
Additionally, SMEs offer more negotiation flexibility and personalised onboarding, while corporates provide extensive training programs, well-defined career paths, and comprehensive benefits packages.
Make the transition from corporate to SME with Marks Sattin
Marks Sattin specializes in connecting candidates with both SMEs and large corporates, understanding the unique nuances of each hiring process.
Our experienced recruitment consultants provide tailored advice to help you navigate the hiring landscape effectively, ensuring you present yourself in the best light for your desired role.
Whether you’re looking for the dynamic environment of an SME or the structured growth of a corporate, Marks Sattin is here to advance your career.
Signup to receive the latest discipline specific articles
Related articles
Teaser
Financial ServicesContent Type
Career Advice
25/11/24
Summary
Private equity (PE) ranks among the fastest growing areas in today’s finance world. With private equity value up by 36% in value compared to 2023, there’s arguably never been a better time to get
by
Neil Burton
Teaser
Finance & AccountingContent Type
Career Advice
08/11/24
Summary
The social, cultural, and economic shifts we’ve witnessed over the past number of years have resulted in a drastic, rapid evolution of the UK’s financial sector. To remain viable in these transit
by
Thomas Steel
Teaser
Finance & AccountingContent Type
General
08/11/24
Summary
From the advent of fintech and AI to post-pandemic, post-Brexit impacts, the UK’s finance sector continues to undergo rapid evolution. 2024 has also seen the finance world held to greater regulat
by
Conor Brooks
Related jobs
Salary:
Negotiable
Location:
London
Industry
Professional Services
Qualification
Fully qualified
Market
Financial Services
Salary
£100,000 - £125,000
Job Discipline
Qualified Finance
Contract Type:
Permanent
Description
Marks Sattin are delighted to be partnered with a global and leading accounting firm in recruiting for their high performing Valuations team at Senior Manager Grade.
Reference
BBBH168599
Expiry Date
01/01/01
Author
Daniel HortonAuthor
Daniel Horton