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Hi all,
I just came to realise Deutsche Bank has a fixed rule of max 30 to 35 % hike on fixed component and remaining 10 to 15% variable i.e. total 50% max hike you can ask for no matter how good, skilled you are.
Is it true?
(I got to know this when an HR called me for a Frontend developer role)
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So leave for a better offer? Not being snarky, if you don't like the conditions and can do better, go get it fam
The bonus is the big difference ...some people rated 1 and 2 got huge bonuses this year
That's not a result of the cohort system... no consulting firm does a true "eat what you kill". Focus on promotions not cohort bumps, and make sure whatever work you do is what's needed for the promotion (utilization is a checkbox, not a differentiator).
If you think this is a PwC or Cohort issue then you'll be in for a sorry disappointment after you leave
Bonuses do not compound over time. The cohort model is going to crash and burn in a few years as employees start gaming the timeline of promotions to jump ship.
Big 4 is just a torturous mess. They have too many people to figure out a real meaningful evaluation and promo process.
I think you should focus your efforts on impact -- not just hitting your numbers.