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Hello Sharks, My HR interview is scheduled with an US MNC for one of the niche skills in MarTech space for an IT consultant role. May I know how much salary should I expect? I am expecting around 35 to 45 LPA My current CTC is 18 LPA and YOE 10 years. This is a fully remote position
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All of them are roughly significantly more than my comp
400k to 10M; solid range
MDs lurk around here too. We are not stupid to rub it up your faces about how much we are compensated. But I like a random generator I see in this thread!
EY is anywhere from 400k as a first year to 10M (think huge sales numbers). The average is about 1-1.5. More tenured partners might be pushing 1.5-2
Middle two quartiles of new partners (3 years or less) at MBB are probably in the 700-1M range. At D/EY/PwC, in the 500-800 range. But the latter group also has other pension benefits and more stability in comp given the business portfolio.
For BCG- This isn’t hard info to find within BCG but it’s not something to be shared across other firms.
If stability’s greater at Big 4, why make them the same size of range as MBB (300k between high and low)?
MD1 getting defensive for no reason. Have you felt like a freeloader lately? Like you weren’t really earning your worth? Maybe a casual case of the ‘imposter syndrome’?
Lol
In general (again hard to generalize on a topic so broad but hey let’s try), several peers of mine have concluded that the partner value prop is greater at MBB if you’re a partner there 5 years or less. If you’re a partner for the long run (10+ years), the value prop of PwC/EY/D starts to be be really attractive. Between 5-10 is a bit of a tossup. Worth noting also that “value prop” is not just about cash comp and equivalency but overall quality of life, stability, responsibilities, etc
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^^ was the consensus the last time someone asked this question.
800k is the average here
1-2 sources once told me Deloitte (Advisory) partner starts at like $350 base + bonuses and MD base is $450. MD doesn’t go up much but partner can go to ~3-5 mil depending on seniority and sales. Average around $800-1.2 based on tenure/sales. Could be wrong
M1 is either trolling intentionally or giving people a lot of hope that does not exist. First, every first year partner, with few exceptions, at EY makes $400k with obligations for full health costs, tax filings in all 50 states quarterly, and payback of equity loan. Also, the highest five partners are published and the highest isn’t at $10m ... and as best I know, neither are any other of the Big 4.
@EY2 you just regurgitated the number I put out there. I said the average is 1-1.5. PS. $10M happened - partner out of NYC office. No longer with the firm.
P1 the range is just a guess but depends on many factors. Obviously MBB is going to be tighter in general given smaller scale and uniformity of their model so I gave kind of a $300k range for them from year 1 to year 3. The big accounting heritage firms have a much more methodical “grid” by which they increase so I think variability for a single cohort has very little range. But we are talking about three years
OK, how about $200k - $10M, so everybody is happy? Why does this even matter? I never see threads about partners/MDs workload, responsibility, accountability and brutal consequences of not hitting targets? Kids that think we just count money, play golf and browse yacht catalogs... Wake up.
M1 - no, I clarified. And sorry to burst your bubble, but no partner out of NY made $10m as they would have made more than our chairman which is highly unlikely. Also, the overwhelming majority of our partners make under $800k. Very few - like less than 15% make over a million. It’s possible, but very few do
MD1 - I think it’s a fair question ask if people are trying to understand the carrot at the end of the stick. The trend is to more pay clarity and we have to get used to it. Btw - I play golf. 😎
I am just a walking proof that consultancies can't avoid the Peter principle... They keep awarding me year after year, bumping me up to a higher seniority without ever asking if I care, throwing more cash at me than I can really use. Now I need to build a third helipad, what a chore!