Currently in Chicago making $135 TC w/ 2.5 YOE. I am looking to shift to NYC and am in the last round w/ 2 firms (both T2 like EY-P, OW, LEK). 2 weeks ago I gave salary expectations of ~$160-$170 total comp.

However, today our leadership told me that I would get a $15k retention bonus if I stayed till EOY (they don’t know I am looking to leave). Is this something I can use to negotiate despite mentioning my range recently? Also is it reasonable for someone with 3 YOE to ask ~$180 w/o an MBA?

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You are overpaid. I think it's unlikely to get 180k at 3 YOE without an MBA

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Agreed 180 does sound high looking at the typical starting salaries out of an MBA which is why I’m leery to put that number out there, but 170 definitely looks to be the right range for 3 YOE at some of these companies (as a commentator mentions above).

You can only use it if you’d walk away otherwise

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I think 180k TC is probably reasonable. As long as your experiences and role expectation matches the compensation. I’m at around 190k at 3 YOE.

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BizOps

It sounds high, but I'm not familiar with your role. But why are you asking for a base increase if your firm is offering that same amount of bonus. I don't understand. Shouldn't you just ask for an additional $15k signing bonus?

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That’s a fair and good point - might be more palatable and reasonable to ask for a signing bonus rather than TC increase since it’s a one time payment. Just want to avoid a situation where I price myself out to the recruiters and lose the opportunity while also getting the most I can.

Where are you at right now? That’s a really high salary at your YOE

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I joined straight out of undergrad - feel free to DM me in case you have any questions / want to learn more about the space.

If you joined EYP as senior, you get 170k. It is standardized across bands so you can't really negotiate much.

Not sure about other firms.

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Yes no CoL adjustment

If one of your T2s is OW, it might be impossible to get that unless you’re interviewing for high Associate / EM position

If you coming to Strategy&, you're probably gonna come-in at pre-MBA level. Which would be 120-170TC depending on what cohort they place you.

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