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Make $120k Accenture now doing tech implementations, just got offer 200k TC EY business consulting. I love my job, have a great WLB (working 20 hours per week, no travel, clear path to M in about 1.5 years) - am I an idiot for even contemplating staying? What I would be doing is more PPT/functional vs Onestream/technical which I do now.
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Never heard of it. Find it pretty hard getting to next level - can’t think of skipping! Curious if anyone has ever pulled it off though.
Yup can confirm this very occasionally has happened. The person I know skipped straight to manager, now making manager pay (plus a super bonus because of the way our comp structure is set up)
Yea it’s definitely the rare exception- one of the reasons why I was curious to know how it works at other firms. Thanks!
McKinsey does this as well as Bain and BCG I believe. Google also allows this, L3-> L5.
Thank you @BCG2! Very insightful
(Con’t from above) compensated based on title, role, and/or tenure? Is it normal to be paid at senior consultant level even though title and responsibilities dictate otherwise?
If skipping levels is even possible, why would anyone agree to skipping a level (so extra responsibilities) for the same pay as a level below?
That also creates super perverse incentives to staff level skippers as a means to drive margin
At Oliver Wyman it's possible, and I believe McKinsey as well? You get paid based on title/level.
Thanks the feedback, everyone! Although rare, I was curious to know what the precedence at other firms is. It’ll help me have a constructive conversation with my own boss who thinks salary is based on years worked not individual roles, responsibilities, or performance.
It is possible to go from BA to EM at McKinsey. Not sure about comp structure, only the rare few do it.
Not really skipping a level though. BA->Sr BA->EM. We consider BA to be a parallel path to Asc, not sequential
I have but also changed firms from Deloitte to kpmg