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"post_content": "Currently at a top consulting firm making 87k with no bonus. I have an offer with a smaller firm for about $130k (base + bonus). Issue is I’m 7.5 months into my career and not sure if it would be a bad look to leave so quick. What should I do?",
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There are a lot of factors to consider outside of salary, your career is a marathon, not a sprint, staying at a company you are *happy* with can sometimes be worth taking a lower salary. That being said if you are unhappy or don’t see a future at your current company, jumping ship is a viable option.
Additionally the market is very hot right now and when it cools down some firms may look to get rid of overly expensive people, the people who joined recently with inflated comp packages will likely be first on the chopping block.
Rising Star
It isn't bad to leave, but you'd better make sure that the other job is one you want to stay at. If it is the same thing - no brainer - you go to the one that pays more. Lets say company 2 is 5% bonus that means base is 124K (43% base increase) and if it is 10%, base is 118K (36% base increase). Either way that's a pretty substantial raise.
We're at a point where 6 month retention raises are a thing. The question is: would you stay with a 20% increase (putting you at 104K (+17K)) that you would lose (and need to pay back) if you left early.
If a firm was really a “top consulting firm”, they wouldn’t be paying entry level hires $87k. The going rate for top entry level talent is $100k now. Leaving is clearly the right answer here.
D is the biggest professional services firm. Yes it is somewhat prestigious and tons of companies look to hire people with B4 experience, but MBB or other firms that specialize in their area and really are well known for their superiority are on a different level of prestige. D and big4 is more generally great experience though and does have a broader brand, but not as prestigious of a brand.
Leave
Short stints (under 1 year) are usually only a red flag if you have several in a row with no long-term positions on your resume. If you’re prepared to stay at the next company for a few years, you should make the jump.
Thanks PwC1. This is great advice. Guess I’ll really have to speak to some people in there to understand what life is like there
Chief
Getting a 37% raise less than a year in looks very good. In this market people will move around so don’t sweat the optics.
You’re getting a 40k bump and you’re worried about how it looks?
Chief
Take the offer
Rising Star
Which top consulting firm has no bonus?
Big4 has no bonus at the analyst level
Too much money to pass up, at least as a %. Going from 87k to 130k should yield a meaningful change in lifestyle and/or financial security.
Caveat: 130k is base plus bonus. Don't count on the bonus. They usually tell you the max bonus when recruiting, but only the top 5% of people get that.
"top" firm. Works at Deloitte. Lmao
Rising Star
Chase that bag 💰 💴 💵
Fun fact: you’re making 16k more than a Senior Con with 3 YOE. I’m talking to HR this month or getting tf out of here
BTW - take the money unless you really enjoy/have anything keeping you with the current firm. It’s not uncommon to firm hop that early. I wish I had played the field or negotiated my salary more at the start of my year and am obviously suffering the consequences now
Formalize an offer from the new company. In a nice way share this opportunity at a high level with your current employer. They may offer slightly more but not as much as the new offer. Give your current firm the opportunity to make a better offer. Be prepared to take the new role. In the future explaining such a transition will be very easy to understand.
LEAVE
$87k? You’re not at a top consulting firm, honey.
What firm are you at now?
Deloitte no longer has BTAs. They are only called analyst now
What COL are you in?
Again, my advice, take it! Mo’ 💰 Mo’ problems! 😂
Given your title it should be D. They also don’t pay bonus until consultant I’ve heard
That's a huge offer. How big is the smaller firm? Is it a no-name boutique or a legit firm that's smaller than big 4.
Yeah that's a good size. Go for it! It sounds like a great opportunity.