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CDs and above: salary and city?
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Finally picked these up after a year in storage
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Bain & Company Bain & Company Do you have any insights into what they are expecting in the second (last) round? I saw that there are two cases and a presentation. Are they more interested in professionalism than the "analytical" skills assessed in the first round? Do you have any more insights into the presentation?
Many thanks in advance
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Rising Star
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Job hopping is always better. But if its less than 10-15k differential or not a better title, its not worth it
So it’s not always better then 🤔
Well promotions in house in many consultancies often just take you to the bottom part of the salary band for that grade.
So yes it can, and how long you wait depends entirely on your capability and what offers you get. If you’re just coming to the end of a grad scheme it could be a natural time to move on but you’ll only know by getting offers.
In my opinion you should only ever really take a promo, with the exception being at the end of a grad scheme.
Just remember money shouldn’t be a reason to be in consulting. Almost everyone who’s in this for money usually pays the price in mental health.
Thanks for your insight! Why do you think a consultant should large only ever take promos?
Jump just after you get promoted
A1 you are right, I take it back.
Hopping between firms is probably a quicker way to move up within a specific grade, or to make a quicker jump to the grade above than relying on what can often be slow promotion processes
Switching makes abso sense to clear career progression backlog up to SM and def super common in the market atm - to a point of grade dilution given firms’ desperation for talent
Then you have to earn it - meaning a solid track record of c. 3-5 yrs of high performance as a D hunting and/ or farming. It’s literally a ‘partnership’. Think like one and you’ll have your answers).
Worked at PA and left just after Consultant Analyst promotion for 40% more and a much better work life balance. Highly recommend.
I think hopping is best - i’d say most external hires are paid more than internally grown consultants. Think this is especially true now as most firms are losing people and struggling to resource projects
Also some firms decided to let people go in the pandemic as well then bounced back quicker than expected
Also I’d say now is a good time to hop and the end of the grad scheme but try stick out the next place for a bit longer
I’m now just moving on my 4th firm in 6 years (so just over 2y each) and I felt bad but my interviewers/hiring partners didn’t really care tbh (they invited me to interview). Got around 30-40% bump each time too.
Hoping is better because experienced hire normally gets paid more than in house promotions, this was the case in Deloitte London and in Accenture London too.
The manager I am currently working with has moved every two years and is about to start his 4th job soon.
That’s interesting to know! Do you think it’s seen badly if one was to hop every few years, are there any drawbacks?
Also at PA. Thinking the same thing but feel I’d like a bit more time to develop / get comfortable in my role before jumping. Unless I get an offer for 10k more I’d rather see if I can get a promotion within 12 months of finishing the grad scheme (then I’d probably move as seems you have to jump every 3.5 years to get market rate). Aware the next promo could take longer than that though, but would feel more comfortable moving for a promotion after another YOE.