Does MBB have the same problems that other firms do with regards to experienced hires getting way more pay than homegrown hires? Or do they keep the pay bands consistent?

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Nope. EPs can come in at a higher level but within 1-3 yeras of advancement (at least as generalist), the raises for both are so large the original gap washes out.

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Same at Bain. Consistent with home grown - all at a tenure have the same pay.

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Pay bands are consistent at BCG as well, only exception being for senior associates who get a year of tenure credit and a little bit higher base pay than a normal A2 but it levels out completely in a year

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Sounds quite similar to here

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No, as it would create all sorts of perverse incentives. We definitely keep comp aligned, even if certain experienced hires may have a higher salary as they enter.

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Greetings to all.
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