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Why is it smart/loyal to not respond? That's what leads to getting underpaid.
Don't get what smart/loyalty has to do with anything. I was an intern with Deloitte and began the interviewing process with Bain. Trying to compare figures and do my homework.
What does loyalty have to do with anything?
FYI, I'd hope Bain ACs are smart/loyal enough to not respond
B1, I won't waste either of our time with a diatribe, but your statement was pretty douchey.
Bain- read any game theory book ever that includes optimal compensation strategy from the perspective of an employee :) Information asymmetry benefits no one but the best negotiators and the company
Lol at this "loyalty" stuff. This is exactly why people are underpaid.
It's pretty valuable info when competing for recruits. I'm sure our competitors have a way of figuring it out but no reason to give it away freely.
B1: yes it's as secret as the the details of Manhattan Project!!
B1 this is pretty illogical reasoning. If your competitors have your incoming pay info, they will try to match it. If they don't, they might underpay. If they underpay, you will not increase your compensation because your current state will work. If they overpay, your company will try to match it to beat competition. In all scenarios, sharing your info will only help you. Unless loyalty means trying to prevent salary hikes for yourself?
I'd be willing to be glass door is close to accurate
Beyond that it's none of your business. If you work there negotiate your own and don't worry about anyone else, if you don't none of your business
Oh and all firms buy comp data, it's out there for the HR people and easy to get
And toward that no an EY partner doesn't average 700K, closer to 450K
No one is underpaid A3
https://managementconsulted.com/consulting-salaries/2016-management-consulting-salaries-undergraduate-mba-interns/ also this
@A2 no one is underpaid? Lolololol.
MC website generally has it right (For MBA, I got higher relo than what is shown) although total comp will appear lower than McKinsey and BCG because it doesn't account for profit sharing (NA-specific, I have no clue about international) which vests over time and is essentially like another bonus...assuming you make it to three years and get the payout.
Also I can only comment on accuracy of MC's MBA numbers but I'm assuming it's fairly on point for ACs as well. And ignore B1, please. :) I will add that comp tends to be fairly similar across all top firms, so (to the OP) make the decision based on type of work and exit opps rather than marginal comp differences. 5-10 years from now, you'll be thinking back on where you worked and what experience you had, not the few thousand dollar comp difference you may have lost out on.