Fellow PwC folks, did you see the new bonus model? Why is there such a huge discrepancy between Strategy and Tech Consulting?

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

Because that's how much strategy firms have to pay to retain folks with an MBA from top 10 schools.

like

Not going through this again.... Think about relationship b/w bill rates, client price and margins and you'll get there eventually

like

Can you clarify the discrepancy? Haven't seen it

like

OP tech consulting certainly does not have higher engagement margins. And we have a completely different comp package and salary curve

like

SM1 SDC is an offshore delivery center.

like

Please elaborate

like

Top tier manager bonus for Strategy Consulting is 52%!!! For Tech, it is around 35%. Same for SA, Associates, and Directors.

like

P3, not sure I'm convinced if such a huge discrepancy is justified. Bonuses have nothing to do with bill rates. Bill rates might be lower but margins are much higher is Tech Consulting.

like

But aren't pwc bonuses bad?!?

like

The strategy bonuses are intended to make total comp competitive with other strategy firms

like

SM1 - Economies of scale. Tech consulting makes up margins with SDC.

like

I certainly can't speak to total profit, but on a project by project basis obviously our rates are significantly higher... An associate in s& has a rack rate that is at least 30-40% higher than in tech consulting (source: I've seen the rates that we both charge on a couple of projects)

like

By same, I mean similar discrepancy.

Also engagement margins

Following

Also, to clarify, the strategy bonus levels haven't changed since they were set pre-integration

How are margins higher if bill rates are lower?

Oh. You mean total profit not profit margins. Generally when people say "Margins are better" they mean profit as a percentage of revenue is higher.

I also have no idea what SDC is. Is that an IT consulting thing?

Related Posts

KPMG IT M&A Senior Associate Salary? Looking in ATL as a S1. I’m at 95k as an associate so not sure if there is a nice bump?

like

HSBC India HSBC India HSBC has anyone tried re negotiating with hsbc with a counter offer? I have got 25 lpa fixed for 11 yrs yoe and gcb 5. Is there a chance of getting more?

When does Accenture Capability pay Variable pay? If I join in May, when will I get the variable?

like

Hi fishes, got an offer from Deloitte. Can someone please help me know what is the in-hand salary? Deloitte USI Deloitte

Post Photo
likeupliftinghelpful

How much package should a data engineer get for 3 year exp?

like

Hi,
I am looking to renew my contract with a telecom giant in Toronto, Canada . I am a back end java developer with experience in micro services. Overall experience of 6 years . What is the market per hour rate for the above skills ? Don’t want to undersell myself . Need your insights !
Thank you !

like

Is capgemini worth joining? Please share light on work culture, job security, projects and other benifits.

Honest opinions please.
Yeo- 3.5

like

Sr Laboratory Technologist check in what’s a good pay per hour for 6 years of experience? I’m at about 35hr plus a $4 night shift diff. I want more…

like

Hi I am a Tax Analyst in EY GDS for my career growth what are the things I should give importance. By when do we get salary hike usually? EY.

like

Any struggling paralegals here? Do you feel like your financial situation is affecting your productivity at work? I like the work I do but the pay really sucks. I feel like the fear of not being able to pay some bills on time is affecting my productivity. I’ve asked for a raise but that may not still cut it, and idk if that will go through or not.

like

Any hot leads on Workers Compensation roles?

like

How many years does it typically take to become a controller at an investment management company? What’s the salary like from your experiences?

likehelpful

McKinsey & Company Does somebody have experience regarding
compensation differences between
QuantumBlack & McKinsey? I am in the process at
QB and disappointed with the salary that's
proposed. (New grad Data science from top
university applying for London) McKinsey & Company QuantumBlack

like
like

Looking to go into either management or clinical applications. What’s the starting salary for a radiology supervisor and a clinical application analyst in ohio? I have my MBA and 5 years experience and a rad tech.

Does anyone know if this is normal? I joined a vault 100 firm in September last year. The firm put me on tier 7. In January I had the associate review and everything was normal. After a couple of weeks, I got the call from the hiring partner telling my bonus and new salary (because of the firm-wide salary increase). I realized I still get paid as a 7 year associate. The partner said because I joined the firm later in the year, it’s normal not to advance in the next year. Is it? Thanks!

like

Is this legal? My spouses company just decided to change their comp structure for account managers. It was base + comm, now it’s commission only but nothing changed, OT commission is the same, didn’t get more points, just took away the base pay and said work harder basically. So now they have to worker harder to get $50k they were already making. (Not a decision based on employee performance, they’ve been crushing it. I think the company is just trying to save money they overspent else where)

like

Hi all,

Currently, I am working in TCS and I have offer from CTS. Now, TCS trying to retain me with similar hike offered by CTS.

Is it better to stay back in TCS or move forward with CTS.

I have completed 7.5 years in TCS & my total year of experience is 9.

Please suggest. Thank you!

like

Is the compensation plan editable to allocate ex gratia amount updated post promotion this September.

CL8 here..can't edit and allocate the amount to the components.

like

Lateral that just went through first bonus season with the firm. Not in a major market but workload is comparable to major markets. Surprised at how low the bonus was. I received solid reviews and my annualized hours were well above the requirement. Should I approach anyone about this? Wondering if it is worth addressing or if it could compromise my standing. Thanks in advance!

like

More Posts

What to do if you haven’t heard from the embassy for 75 days. They have my passport. I came in for my H1B interview, VO told me it’s approved and I shall have my passport in 5 days. It’s in AP cont.

EY India is hiring Scrum masters with following criteria points. If anyone is interested, pls DM. Will refer. Thanks

Post Photo
like

how common is the 40x rule (landlords want you to make at least 40x the rent)?? i’m looking to move to nyc and want a studio, so narrowing down my search to find a studio <2k feels impossible, esp in a convenient location. any insight would be helpful!

like
like

Good morning, I work for Solugenix placing top notch candidates at companies throughout the US. I just started at Solugenix so anyone who needs any assistance either finding a job or looking for candidates please let me know. Thanks and have a great day.

like

Are annual raises really not a thing in this industry? I’ve been with my company a year and a half and asked for one and was basically told they don’t happen unless the company does really well overal

like

Would you say most in-house roles tend to hire from BigLaw?

like

Is 75k a decent salary for a S1 at EY tax with 3 years of experience in a MCOL city (Atl)?

likehelpful

I’m a financial advisor with jpmorgan and i verbally accepted a new job in private banking with another firm. This is my first time transferring licenses. Should i wait to give my two weeks notice until my new firms hr department clears me and gives me a start date or as soon as i sign the offer letter?

like

Any tips for internal interviews for a title bump, but also to be on different team/client?

like

I understand that in most cases folks with <2 YOE will join with the same title as UG campus hires. How many YOE (or months of experience) will qualify you for a higher pay band (compared to campus hires)?

The answers might vary across firms and I’d appreciate if you can specify which one you are referring to - TIA!

like

Looking for an entry-level data analyst position in the DC area. Have a BA in economics & certification in Computer Science. Also 3 years of professional work experience as a full time marketing manager which I performed while attending school full time. I’m a self-starter and extremely driven. I also have a passion for data and statistics, and plan on pursuing my MS in data science within the next year. Please let me know if you know of any positions! Thank you.

like

Anyone who heard from BAL today (April 1st)?

like

Anyone applied for OPT around May/June and still waiting on approval?

like

Is the only way to find out your case tracking number through the physical receipt notice?

hearing there was massive layoffs at concentric today. in the dozens. can someone confirm or refute?

like

Can anyone give insight into interviewing at Uber? Specifically in their Internal Audit or FRM group? Uber

like

What shitty policy few organizations are having to call people down to office to pick laptop? Even in wfh scenario. How is that efficient?

like

Off topic

How is Tata Altroz (Petrol)? Any suggestions from owners

like

Additional Posts in Consulting

likehelpfulfunny

Non-Fiction book recommendations please?

like

Advice or Book recommendations on how not to get bothered by others/ friends/ peers? What they think or what they do!
Been struggling lately

like

Starting to get more involved in the project sales process - any recommendations for books or resources to develop skills in this area?

like

What are some publications, books, podcasts, online classes etc that can help me prepare for my first year in consulting? Have 5 years of experience in finance and making the jump to consulting.

like
like

Anyone heard of Novantas? Thoughts?

like

WFH location recommendations in downtown NYC??

Ratings on three projects - 3,2,2. Utilization - 90%... Proposal hours - 15... Firm activities - 43 hrs... I then get a YE rating of 4 😕 ... How worried I should be regarding the layoffs???

like

I love it when you are given the illusion of choice 😂

like

Raise your hand if you are violently hungover

like

If over 90% of terrorists, murderers, and rapists are men, wouldn't preventing entry for all male travelers (regardless of country) be the only justifiable ban?

like

When are mid-year reviews set to happen?

like

Thoughts on Prosci or SHRM-SCP certification? Which would be considered more valuable or highly regarded? Currently focused on Change Management but have a HR background (industry experience / area of study in college).

likehelpful

Looking for book recommendations; any favorites? Interested in both fiction and educational/self-improvement (for example, investment / finance books, time management, etc). I feel my vocab is...

like

For McKinsey PEI (power round), should my stories be around 5-6 minutes containing a good level of detail, or really generic (~2 minutes) and just let the interviewers ask me questions on what they feel are most important to them? I’m really eager to present the details because I think these are elements that can show my fit with the company well, but am hearing some people say that >2 mins people get lost. But some details are important to provide background (industry specific)…

like

Stupid question: do you get to alt-travel? Not fly home to your home office on the weekends, but use that budget to fly somewhere else?

like

Lowest paid manager you've heard of? I know a buddy making $99k at D.

like

Best consulting companies with exposure to the blockchain / digital assets space?

like

How do I become an MBB employee? Is it possible to gain experience at big 4+ACN and then get referred in??

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