Do people really actively hop to different firms every 2-3 years to solely increase their compensation? I know it’s like a cheat code for higher salary, and everyone on this bowl talks about it, but curious if people actually do this as their career/compensation strategy. The cases I’ve seen were people move every couple years was more to them being pushed out rather than proactively chasing compensation increases. What have you seen or have you taken this approach?

like
Posting as :
works at
You are currently posting as works at

I have always jumped after 2 years for increases. Always have gotten good reviews but I’d rather jump for 20-40% bump than work my ass off at the same place only to get a 10% raise or whatever. My salary jumps from leaving have been 40% followed by 30%. But making partner isn’t my dream

like

Money talks. Became quite jaded about “the value of loyalty” early on and have not regretted the 30% increases I’ve received from each jump. I’ll stop when I feel like it’s time to coast

like

I have no intention to, but you never know so I’ve made sure there was no bad blood. Building your network is always a challenge, but I enjoy meeting new people anyway

like

After the dismal pay increases and anemic bonus’s at Accenture this year even which a great rating, many of us are leaving or have left. I’m moving to KPMG for a more senior role 32% increase starting the beginning of January.

like

Nice 👍 👍

Realistically if you’re in consulting to set up your exit to industry, probably a fine approach to build a strong base before you leave the industry.

I found a firm I love working at, haven’t hopped around and I’m getting paid $300k+. If you’re in consulting for the long haul, I believe the every 2-3 year hoppers dramatically undervalue their networks and will have quite a bit of trouble reaching partnership

like

I have job hopped every 2-3 years and always with 30%+ pay increases. Now that I’m at a comfortable level and have the WLB I had craved my goal is to work hard but coast and focus on family. Companies no longer truly value employees when I see new hires coming substantially higher and doing the same work I knew I had to look out for myself.

like

Yup, jump throughout your twenties but try to settle in somewhere for 4-5+ years thereafter. I went from 80k TC in 2019 to 140k TC in 2020 to 220k TC in 2021 by jumping. Well worth it!

like

Yes, ive doubled my salary twice in 4 years this way. Am nlw trying to settle. Probably not as realistic if you're already in a high salary band.

like

1st job 72.5k, left after 1 year for 90k, left that job after 2 years for $120k, left that job after 2 years for $150k, been at my current job for a ~1.5 years now. So with 5 YOE I was at $150k, most of my coworkers that didn’t move are just now hitting $120k-$130k with like 5.5 YOE (assuming they got their end of year promotion). Companies have no loyalty.

like

It’s not just in consulting. Management did it all the time when I worked at a large bank.

Consulting is built for job hopping. Every 2-3 years, you get to the next level. Once you get to the next level/promo, you jump. I started at 70k as an analyst 5 years ago, jumped twice since then, and now I’m in tech and making ~230K TC

Related Posts

How high does L6 range typically go for Sr Program Manager roles? I am currently at ~250k TC and the position they were interviewing me for hand a max range of 200k TC. Is >300k TC possible?

like

I am having 4.5 YOE. Working as full stack developer having current pacakage 13.2 planning to switch now so how much pacakage should i expect and which all companies should I go for.

like

Anyone starting to hear anything regarding salary increases due to inflation?

like

S&P Global Hi All, can anyone please help me with salaries of SDE 2 at 9 grade for 5.5 YOE.


I’m in negotiations this would really really help S&P Global

like

Anyone sent email regarding salary revision to manager/HR & got expected salary ? Yes, Plz share email template :)

What is a good salary range for a Principal UX Designer with 15+ years of experience working in either Finance, Tech or Media industry in NYC?

like

Hey folks, how many years of experience do you carry in sales? One positive input to succeed from your own experience

I did not get my Salary for this month ie September when will it be credited??

like

Just got an offer from PwC for 47.5K for SA role in Manchester. Feels kinda low considering everyone just got a 7%+ pay raise. Can anyone comment if this is in line or not? I was told this would put me above the SA band

like

Hi Fishes,

I have given my interview in HCL and cleared 1 TP, 1 hcl manager & Client TP and Client Manager rounds .
In initial screening HR told the generic statement of 30-40% and I have given my ask as 50% minimum. After clearing the rounds I heard from the project team that Client has given great feedback and wanted to take me in .
What is the % I can ask in HR Discussion and will they reject in HR if I ask more now .
I have 9.5 years total experience and role is Storage Architect.
Thanks

like

I’m a Senior BSA/AML/Fraud Analyst at a regional bank, 100% remote, have bachelor’s degree in business, 6 YOE in my field, TC is about $60k, & I live in KY. I've been thinking about moving from working at banks to a fintech because I feel like that’s the only way to increase my TC. I feel like I've been severely underpaid for the type of work I do even with the education, experience, etc; however, cost of living is extremely low in KY. Any advice?

like

How much should i save from my salry for securing post retirement life and all general commitments before that. I'm 30 now. Assume no Inheritance. Current in hand 1.85 lpm

like

Is a business analyst role a good job prospect if your goal is to be a product owner/manager???
How can I leverage my 2 years consulting experience? What’s the salary like anyone?

like

What is a realistic signing bonus ask for a mid level lit associate to a midsize major market firm that pays 80% DPW scale ?

like

Moving to industry and trying to decide start date. Would I still be eligible for the performance bonus if I put in my two weeks notice a week before receiving the bonus?

like

I started a new account job at an agency. I’ve been here for about 2 months & I hate it. To put it simply, its an absolute mess. Does it look bad to other agencies if I jump ship after only 2 months?

like

Hello!
I’m a student majoring in Software Engineering. I’m starting my third year in a few months and have an internship where I’m learning more about working with an actual team on real-world projects. However, I feel like I need to do more to stand out and have a stronger software background. Anyone have any tips or suggestions for what I should do on my own time to strengthen my skills?

like

Tomorrow is zs holiday in India offices. So will be the salary get credited today??

like
like

More Posts

How to ask Salary Hike to my Manager, How should i lead the conversation? Will it impact anything (promotion etc.). Please guide me as I am fresher and this is my 1st company.

like

Hi all

I am a european law student and I will try to get to do a J.D. in the US (i want to move there) and I wanted to know if it‘s possible to work next to your law studies in the US. I have been working between 20 and 50 hours while studying (it‘s exhausting af but i need the money lol) and I wondered how the situation is in the USA.

like

You’re going to hear tons of Trumpers talk about “the tolerant left” now that Trump has COVID and obviously, anyone who isn’t far up his ass can see the irony in the situation.

Don’t let them...

like

Did Republicans think this through? Are they assuming they’re now powerful enough they can stop the electoral reaction to this? I’m seeing people radicalizing in real time across my social networks. Republicans supporting Biden. Formerly moderate Democrats coming out in favor of court-packing.

Was this all really worth it?

likefunny

I propose a new rule: if a senator voted yes on Betsy Devos, they are not allowed to vote no on any of Biden’s nominees based on experience and competency.

likesmart

What would be the best way to negotiate a sign on bonus? There isn’t one currently in the offer, but I want one and the recruiter said they could negotiate.

like

I’ve been in tech sales for 20+ years. Have an opportunity to take a position at a tech company in Sales Enablement. Anyone have some insight into this type of role? Is it interesting, challenging, collaborative?
Thinking about coaching others in sales could be fun for me at this stage.
Would love some input as this is a new field unfamiliar with.

like

Hi All, I joined Coforge 2 weeks ago and was directly assigned Santander project, but yet to get work. I connected with one of RDG member and they told me to wait. Any ideas on how much time it takes to get work here?. I am bored now 😑.Coforge Coforge ltd

like

I’ve been in a relationship now for two years. We are living together. We talk about the future etc. I could easily see myself marrying her. However, I have an issue… cont

like

A friend sent me this. Thought I'd share, but I can't attest to it's validity.

Post Photo
like

crwd 4/17 $60 calls... you heard it here first

like

I have many leaves in my bucket. Will leaves Be carry forwarded to next year

Is wfh available in coforge? The office in GNIDA is very very far. Is it safe to travel by own car? If by cab are these small cars or typical suvs with 6-7 drops?

like

Can I get 15 likes so I can DM please!!??

likesmart

My current position offered me more money. How do I ask the job I just accepted to match?

like

What's your preference for plaintiff's side? Steady pay at approximately $120k with no bonuses, or a base salary of $70k plus a cut of what you close over a minimum threashold? Midwest-ish market. In both situations, you get a cut of what you bring in.

like

What would folks expect for an AD job, paid social/social strategy in LA? And would you expect a lot more in SF?

like

Anyone here going to the EY holiday party this Thursday alone? I am 😅 and i think i’d be fun to meet other gals and keep each other company!

like

Really wish I never purchased 'Ultimate CPA Exam Guide' through Bryan Kesler. Waste of $708. I've been completely duped. Stick with official CPA materials and NINJA. "UCEG" Method is practice & review

like

How long does I-140 preparation take? From the moment they receive the hard copy PERM doc to the moment they mail out the application? Can this be done technically under 2 days if law firm obeys?

like

Additional Posts in Consulting

A couple of team members have rephrased what I just said during meetings. What’s a good way to acknowledge it and ask them why they are repeating what I’ve just said?

likehelpful

Pros/cons on moving to Raleigh or Charlotte, NC? Don’t know anyone there. (New job...BCG isn’t opening an office there as far as I know!)

like

Saved my work on friday eod, but didn't see that the VPN was disconnected during saving process
:'(

like

What do PPMDs spend their hard earned money on?

like

Anyone have any recommendations for home office ergonomic desk chairs?

like

Anyone take SHRM? How many hours did you study?

like

Life is for the living!!

Post Photo
likeupliftingsmarthelpful

Recommendations for a wfh office chair? Preferably on the lower end of the range with good height.

like

Reasons why a company is delaying / not scheduling your interview after they said you receive an invite shortly?

likesmart

If I had a traditional IRA before being employed in a 401k eligible role, can / must I roll that IRA into the 401k or can I leave the accounts separate without deleterious tax consequences?

like

On the bench for a week or so before start of new project. Do I take PTO or just bill GAA. Any advice on managing utilization?

like

What are your book recommendations?

like

Is anyone else like this? I will not hesitate to invest/save for retirement and throw a few k into those accounts regularly, but when it comes to myself I hesitate to buy anything unless I absolutely need it? Im a minimalist and if stuff still works I will keep it. Ex- my car is 12 yrs old, most clothes are 4+ yrs old, etc. It seems like everyone else in consulting/my age (24) seems to care about having the nicest newest things. Am I weird for not caring about that stuff? I feel left out

like

Is HBR subscription worth it? Or anything else you’d recommend for career/personal growth.

like

How is utilization calculated? What happens if we are on the bench?

like
like

Lowkey confused, I joined the firm in July and both my standard & adjusted utilization are at 50%. Is this good?

like

How much % of overall in consulting make more than 500k and for how long ?

like

Anyone from KPMG CIO willing to talk and refer?

like

Confronted client today about partner forcing us to travel while client site has travel restrictions. As a result is team is remote next week. Counting down days till I get rolled off/fired now lol

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal