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Bonus for EY S&O?
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I made this exact move. More than doubled total comp
Group dependent. PEPI, it almost definitely goes up with the bonus potential. CPI/AIG probably par or down. CRG it’s a crapshoot and a black box. Other groups, can’t speak to but most are pretty good pay.
For example in PEPI, you receive a % of collections and adjusted on a few other factors- you could at most points in the year reasonably calculate your bonus with a few assumptions. At CRG, there is no adhered to / clearly defined and communicated formula for how much you get paid out or how much compression to expect in a down year. Friends in that group have exceeded MBB pay on a good year, and left hung to dry on down years, with very obtuse communication throughout the year on the state of the practice and bonus expectations. It seems bonus is decided more by committee than formula, so make friends with the ELC 😉
It depends on the group. If the group's compensation is collections-based, you will likely have a salary cut, but the bonus will normally be substantially higher.
Director here: my TC this year will be just over 400
Likely around a 50k cut on base but your bonus will be well above 6 figures every year.
Nobody can match the pay with the caveat that it’s tied entirely to your productivity, which should encourage you.
The only limit is your fatigue.
Yes, TAG, NACR, and PEPI have been great. I'm in NACR, and my comp is double what it was at EY. But the year I joined, it was hard to get staffed, and I only had like a $10k bonus.
For others who joined during COVID, they had 2 years with poor bonuses.
Either way, I would definitely advise OP to join the firm, but only saying that an amazing bonus isn't guaranteed, and a lack thereof isn't always your fault