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Bain & Company Hi, I am currently a Consulting Director at a Big 4. Due to some family circumstances I have been looking for internal roles in professional services. Does anybody know the salary and bonus for BCG internal senior manager (chief of staff, Practice SM). Boston Consulting Group McKinsey & Company Bain & Company
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Rising Star
I am so sorry. I hope you can rest and recover this week.
Are homegrown NEPs experiencing this? I’m wondering if, as a lateral, you have been staffed with the teams that no one wants to work for.
P1 it sucks. I just started so maybe it’ll get better as it’s summer so lots of people are on vacation. But I’m afraid it might not improve to my liking.
As an update now that I’ve had some sleep and am no longer crabby it’s not as bad as I thought. They do micromanage me less than I was as an associate (but still dictate to me which isn’t fun. I still feel like a slightly elevated senior but without the relationships of trust I had at my last firm as a senior to be trusted by certain partners who knew me/liked me to run things as I wanted). I’m finding the other partners have deeply entrenched friendships and have known each other for years or even decades so that’s part of what’s isolating because as nice as they are I will never be integrated with them in the same way. They hang out at each other’s houses and have often been in the same firms together earlier in their careers, and most are my parents’ or grandparents’ ages. I’m by far the youngest partner they have and am supervising associates who are older than I am (have a niche practice the firm needed and big firm experience).
I’d also add it’s a different type of lack of WLB. Before at my last firm I had no WLB because someone would email me at 10 pm to tell me to do something stupid that wasn’t urgent and demand I do it then and there. I’d sent it back at midnight and would get a markup at 12:30 am and be expected to respond and work on it right then.
Now it’s just that I have work to get done by a certain deadline which requires late nights, not that people are constantly pinging me. I guess it makes it easier in a way, but that doesn’t mean it’s a 9 to 5.
But I felt very strange the other day when an EP sent me a list of my assignments from him on various workstreams and said “let’s have a meeting in 1 hour to discuss what you’ve done. Are you free at 11?” I was caught off guard.
Tbf one of the founding partners really likes me and goes to bat for me but is rarely in the office because she’s semi retired.
All of this is to say so far it’s better than my last firm, but I feel like I’m in middle management and have more responsibility and pressure. I can’t have camaraderie with associates because they’ll never fully trust me because I’m management, and I don’t fit in with the existing partners who have a longer relationship history. And I also have to answer to others far more than I thought I would and feel pressure to originate business to justify my salary that I wouldn’t feel if I’d gone to a higher salaried associate position.
P3, it’s still pretty new so I’m still trying to decide how I feel about it and like some aspects and don’t like others. It’s not what I envisioned is what I’d say, so it’s taking some getting used to. I now have more respect and feel more sorry for the junior partners I dealt with at my last firm as I now understand a lot of their so-called dumb decisions had nothing to do with them, but it was because they really had no power but we were given expectations as though they had power.
I’m not in your position, so here is my disclaimer. But if things don’t get any better, don’t be afraid to lateral friend.
Aww thank you 😊 I hope it gets better. I was told I’ll get more autonomy later once I’ve done a few matters with other partners, but I’ll believe it when I see it.
I bet (hope) the in-house offers are better with the NEP title.
It’s a mixed bag. Some will think you’re too expensive even if your salary is the same as a Senior Associate. But it might open some doors on more senior roles.
Whats the path to equity partner?
No clue, just they told me it’s on the table
I’m in the same position
I’m sorry 😔
Fingers crossed that you gain more autonomy and feel more rewarded as others realize you don’t need micromanaging. But like others said, use that title to your advantage if it doesn’t get better!
Been an EP at mid size firm. Firm was struggling and i leapt to NEP at Amlaw 100 and regretted it within 3 months. I wasn’t micromanaged per se but i found out i was lied to in terms of promised cross-business development opportunities and assistance for me to leave behind my largest client because of conflicts. I was one of four partners opening a new office and my exclusion from the deal would likely have killed it. Thus the promises! What i figured out immediately is that i was a misfit for the new firm and i was sensing it during the recruitment process but i didn’t follow what my gut was telling me. NEP often sucks tho unless management wants you to be EP! I think the path from NEP to EP depends on who the management wants unless you can’t be denied because you are a rainmaker. For most NEPs, it is essentially up to management!
I’m sorry 😔 do you think you would have been laid off from the mid size firm?
Rising Star
This is my main fear. Thank you for validating it