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Take it. Stock vesting will grow significantly each year - the worries about starting base are (relatively) negligible, especially that high.
Fully agree
What's your mindset when thinking about your career?
- if it's transactional (highest comp possible): stay in McK. You will not get the same returns and comp growth in Google. Very unlikely
- if it's about demonstrating to be the best / winning versus peers: still McK wins. Fastest progression, more emphasis on perf scores, clear rankings. Google will not offer more
- if it's about building the strongest personal brand possible: Google could be a great choice that multiplies your McK brand. L6 is not the title that gives you access to conferences panels, but a few years in Google will give you tons of credibility
- if it's about having impact on the world: I would say you may perceive to have more impact in McK, put is somewhat an half illusion. Within the company it feels more real, but as an L6 you'll be quite far from the decision making centers
- if it's about working on exciting things: personally I find Google much more interesting that the vast majority of consulting projects, and over the years you create knowledge depth hard to achieve in consulting
- if it's about having a great job and enjoying your life: take the offer in a heartbeat. Google wins hands down
Probably it's a mix of the above. Hope you'll make a decision you are happy with. I suggest you to think a bit less about short term comp and ego boost, and more about long term implications
What G1 said. You can’t push to make a role a higher level if it’s been budgeted and recruited internally at L6. You’re also evaluated at that level during interviews, so to try and go higher would usually mean reinterviewing and HC again.
L7 is *not* a common opening, especially for outside tech, and more limited roles right now. So if you try and “wait it out” you might be waiting awhile.
Since you are a she, you have to fight even harder for the comp you expect and think you deserve! Don't settle and sell yourself short! Also, want to be friends? I am also a she based out of NY.
... search as I am on a visa and want to keep my options open). Questions for this group:
1. Do you know what is the max comp I can go for in L6? My current offer is ~$420k and I’m being told that it is at the high end
2. Is it best to let this go and wait it out for an L7? Will there be a benefit of having cracked these interviews?
It is with the partnerships team (s&O)
If it is IC role - just forget about promoting to L7. If manager role - in case of good rating can do in 2-3 years. Also: very strange moving from AP to L6. Tens APs I know moved only to L7. Me - also exMcK but got L6 being like JEM
This is not true. I have friends that were first year EMs at McK that moved to google at a level 5 and not 6.
You will not be happy at L6 role . Wait for a team that will offer you L7
Can you ask for front loaded vesting? That helps the TC issue now and then work with your manager to get you to an L7 ASAP?
S&O do
Here's a rule that was mentioned to me by a colleague: Never accept a lower comp. There's really very very few circumstances in which such a move makes sense.
What did you decide OP?
Hi OP. I'm from a different country and at a very junior level to even advice you. I'm trying to break into McKinsey myself (will join a top B school in India in this fall).
All being said, I always think that comp doesn't equate satisfaction after a certain point. At the end of the day, you'll have a great work life balance at Google, a team which you say you love and a pretty decent comp too. Other opportunities that you mention (VP at a Bank, similar role at another consulting firm) neither offer the exact role you want or have good hours.
Maybe you can try for similar roles at FB, MS etc? If you can't find them, you can take up Google for now, try to work your way up (Maybe ask fro better vesting schedule, slightly higher sign on or better healthcare benefits etc). Starting at a lower role might teach us the way around the ropes properly. Plus with Google, you'll have ample of free time to focus on other interests that you might've neglected thanks to hours at McKinsey.
These are my 2 cents. Again, I'm in no way qualified to advice you but just trying to offer my perspective.