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10% base as bonus. What do you all think?
Got an offer from FAANG in finance / accounting. How do you compare the offer if you are currently in a company where total comp is just base + bonus? I know a lot of tech companies value TC that includes RSUs but not sure how to compare. Base and bonus for current and new company is about the the same so to me the difference is in the RSUs and upside at FAANG. Thoughts?Facebook (Meta) Netflix Apple Amazon Google
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McKinsey doesn’t have a base and bonus in the traditional sense. Your total comp for the year and is determined at the end of year, based on performance. “Bonus” is just the true up between that number and comp received to date i.e. “Base.”
So, even if you start in a low performance bucket, if you absolutely crush it, you will end up in the same place as a rockstar
It makes a difference if you leave the firm before year end
^true, however because they have an up-or-out model you could easily get exited if performance dipped significantly from the prior year.
Yes it is