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Hi fellow fishies!
Can someone please explain what is “SUPPLEMENTARY allowance” in my payslip??? It is the highest in my entire payslip, more than basic salary. Basic is lets say ₹7 lac annually and supplementary bonus is ₹7 lac 40 thousand.
Can someone please explain why this exists in my paylslip, is it good or bad from tax perspective and shall I ask my HR to decrease it???
Please help asap.
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Not sure why I expected more from a BCGer. it really depends on the size of the company!!
Can be good. My old boss was chief of staff for the CSO and ran one of the strategy groups (there were two). It seemed like her role was a mix of leading our strategy work from a high level and executing what the CSO wanted done. What the CSO wanted done could be anything from handling the budget to training for our team to dealing with other leaders in the firm. I bet the role requirements vary quite a bit across firms but that was what I saw.
On the salary side for her I’d guess about $350-400K but it’s honestly just a guess.
I did it for about a year at a midcap high growth maturing startup.
Pros: exposure to C-Suite/SVP issues, mentorship, autonomy, building relationships across the company, ability to make an impact, career progression / exit ops (internal and external)
Cons: risk of burnout, ambiguity of role, typically no analyst(s) to support and do grunt work
I think the keys are 1) to be CoS of an exec that’s high potential, has clout with the company, and is willing to mentor you; 2) ruthlessly prioritize and say no. I often ended up with too many things on my plate that I could only execute on a surface level, whereas it would be been more impactful and better for my motivation to only do 2-3 things at a time, but do them really well
What do you mean “expected more”? $10B company
They mean they expected you to be smart enough to initially provide the size of the company, since it's a question that can only be answered with more context.. unless you wanted the following answer:
0$ (self proclaimed CEO on LinkedIn) to $513MM (Elon Musk).
It's like asking "Has anyone ever looked for or bought an apartment? What's a normal price range?".
If anything, the range for CoS is going to be pretty wide—because the role could be filled by someone with 5-15 years of experience. CoS can be more of a junior “do-er” or it can be a more senior role that encompasses most of a typical Head of Strategy role
Short answer: it’ll be in-line with experience and similarly accessible PM and Biz Ops roles
Probably 200-400k with sweet stock options and P&L incentives, if the company is indeed that big. Hard to say more, can vary widely by industry. CoS generally means head enforcer of the executive’s will. You do the dirty work.
Is this for the Apple Leisure Group CoS role?
No
Also thoughts on these types of positions?
170-200 no shot anything f above
I’ve spoken with many chief of staffs about their experiences at albeit smaller companies and with that it’s usually a mid level role that allows you to exit to director level positions. There are a few reports about comp. it’s important to recognize your daily tasks and whether or not it’s going to be an administrative or tactical role. I’ll try to find the report to send you.
Similarly, I don’t think your consulting salary is good to benchmark against. If you’re a C at BCG making 250, you’re likely taking a cut to go to industry as A COS. I’d def interview, but also look to the director level salaries as a benchmark
Depends more on role responsibilities
Thanks everyone! Super helpful insights!