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What should manager pay be if that’s SC type pay?
Yes, ignore what everyone says. That’s about right.
Yeah I mean I hate this answer but it really depends on several factors:
a) what Manager level are you being brought in at
b) what city
c) timing - our NA CEO literally just announced no base increases for all people
So you could maybe fight it pushing back on variables 1 & 2, but it’s also a tough time. Are some Ms at the firm at 200, yes 100p. Will you get it, idk.
It is 😞
Depends on the specific role and geography
Also gotta compare total comp. RSUs and ESPP match are a big part of comp here that don’t exist in the partnership consultancies
Coach
Yes. I believe they’ve a 3 year vest though. At L5 - you can get 32k year
Can confirm firm that probably wont be the bonus % for a few cycles.
That's quite low for Strategy Manager. Maybe they cut the pay band for experienced hires? They were doing 210k base for managers a year or two ago.
210K is base for post MBA - Senior Consultants who get promoted to Strategy Manager
Which city? Makes a huge difference.
HCOL city
I’m a strategy senior consultant at $175k so that number above seems low
I would get back to the recruiter with “$180k feels a little low in HCOL, is that really the max?”. See what they say. It’s possible they don’t view your location as tier 1 for cost of living, or they were speaking to $180k is max for external M1. Either way, share the feedback.
You can decide if you want to pursue from there. If it’s still one of (or the best) your best options proceed with interviews anyway. If proceeding, move past initial number and show everyone you meet (besides the recruiter) that you’re excited about the opportunity.
Thanks, this is great advice
Haha no that’s senior consultant pay
This is them lowballing you. Last year M1 was raised to 195. But I think they’re back to 185 for some folks.
MBA managers I believe start at 215. I was at 210 before I just got promoted to SM.
Yeah it was 195 for mid years, 185 for end of years (they lowered by 10k)
Manager if it’s really stratefy and not consulting should be 240ish
MD2 - what are you talking about, MBB?
An MBA senior consultant gets $195k base
This isn't accurate. Base pay for Senior Strategy Cinsultants is $175K. Also, it did not change for summer offers.
What is Strategy Manager pay at other companies?
180-230 at K
S&C recent manager at $175 in low cost of living state
Guidance for bonus is around 4-8 % in total as well
Was at 205 M1, 210 M2 in 21/22
I’m a strategy manager (year 2) making 197k base
You can almost guarantee they won’t get promoted in 2025. 2024 promotions will go to high performers which just missed 2023. This means 2025 will be 80% those who missed 2024 and are high performers.
Real possibility you don’t get promoted until 2026 December. You need to understand who is supporting your promotion to SM in 2024 or 2025.
The question you may want to ask is how many new M make SM in one year prior to 2020? You can’t compare to 2020-2022 when promotions were given like candy.
Just my 2 cents as I know strat managers waiting 3+ to get promoted and strat revenues could be down slightly this first quarter like last year which may impact promotions in 2024.