Enthusiast
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ZS Associates
I have a couple of questions for ZS fishes-
1. Is it possible to turn down a promotion at ZS? I'm currently happy with my responsibilities as a Decision Analytics Consultant and don't want any added responsibilities in the near future (next 5 years)
2. Is it possible to shape up a career path in the BC stream which doesn't involve business development? I don't want to get into working on SOWs and RFPs.
Are Deloitte benefits good?
what state in the US has the best police force?
My specialty 🙁
Additional Posts in The Worklife Bowl
Chief
Enthusiast
My parents know and pretty much all of my friends do too. It’s not a big deal to me.
Yes, but then again I am not shy about disclosing how much I make to anyone except recruiters. Easier to be transparent from my POV but that’s also just the sort of relationship I have with my family
So how much do you make?
Enthusiast
Enough to ball out at McDonalds
Enthusiast
Come on mate everyone knows “I do well for myself” is rich person speak for “I’m rich as balls”.
Rising Star
“I work really hard” is my favorite.
Wife yes, extended family hell naw. Not worth the drama. I do hint that I make more than her dad tho
Enthusiast
I used to tell my parents but stopped when I hit a certain threshold.
Also salary doesn’t equal being able to spend whatever you’d like, you could have things like student loans, mortgage, medical bills (for anything). Being financially responsible is important, doesn’t sound like they get that
Enthusiast
Exactly!
Chief
“Yes, it was so great when I passed the bar exam and they handed me that $1 million check.”
Only my mom and bf know. My dad has a big mouth and would tell all my relatives if he knew. The reason being that as a child of immigrants I'm the only one in my family making the amount that I am (and first to graduate from college). And if they knew how much I made, they'd assume that I have money to spare for things that I am not budgeting for e.g. picking up the tab at every big family dinner (can be in the $ hundreds), lending money to financially irresponsible family members etc.
Not about to be dragged into my relatives and family financial mess or become the family bank. Nope.
Bf makes way less than me and could care less about what I make. Just wants me to spend less lol.
I relate to this- I'm also a child of immigrants. If they find out how much you make they will want you to pay for a lot of things not thinking that you may have other things to pay for... student loans maybe??? You have earned your salary and you have a right to spend it as you please, but sometimes family can be selfish and/or entitled and feel like "you owe them" something
I talk with friends within my firm and at other firms. Also friends in different industries. Everyone is pretty open and it's nice knowing where I fall in the pay scale and what I could expect going elsewhere or when I get a promotion. I like being open about it, I get why others may not
It’s weird that they care so much about your salary. And the comment you get, I can feel the jealousy there.
Chief
Heck no. No one needs to know what I earn. Period. My wife doesn’t even know the exact dollar amount. I’d tell her if she asked, but she doesn’t, sooo
Rising Star
I can’t stop telling my wife how much I make. Who else can I brag about that to?? (We used to be really, really poor together)
Pro
Ask yourself who wants to know and why. If it's because they want to borrow money, or judge your lifestyle, or expect you to take on more responsibility, then I wouldn't divulge.
If it's a matter of helping others succeed and breaking down barriers, maybe it's not such a bad idea?
Rising Star
My parents know and I'm sure my SOs parents have an idea given that my SO is also a consultant. I only discuss comp with my b-school friends as we all roughly know each other's ranges. Would not discuss with my undergrad friends as everyone has vastly different careers and levels of success
Enthusiast
Usually when it comes up I just deflect by saying "you know the dollar figure would have sounded high to me back in school but you'd be shocked how little hits the bank due to cost of living in the city" (note I live in NYC and am from New England suburbs so this may not apply to you)
My parents were like this for a while too- with me and my husband. I kinda got it when we were first starting out— every promotion or raise was a big deal because we were one step further away from moving back home and finding some stability. But after a few years, I just said, “you don’t need to know. Just know that we are fine.” And that essentially stopped it.
I don’t typically answer directly but I guess they can find out how much I get paid with just a google search away 🤷♂️
Pro
Eh, I have no shame in my income game. Also don’t judge others income levels which I feel is why people feel awkward about it. Have family that makes 25k a year and family that makes 170k.....also, you probably can afford it because you’re a lawyer
My dad was like that but only wanted to know so then he could turn around and tell me I should pay for all the bills and other stuff and basically pay for everything he wanted even when he had his own job and was making good money. Learned the lesson when I first started in public accounting and never talked about ny salary again after that but ue was def salty about it
I really think companies should be much more transparent with the salary they pay employees, then we could all get better at sharing it around within a company, right?
https://www.businessinsider.com/sumall-ceo-says-salary-transparency-makes-people-more-productive-2017-5
Pro
I think we could start with published salary bands maybe?
Consultants are so competitive, I really don't like having everyone's individual salary published. Again, maybe salary bands and then individual salary ranges.
It’s important to share salary information. Transparency is how to fight pay discrimination and ultimately to be knowledgeable about what real pay is in certain fields and levels. Our ‘politeness’ restricts us of knowledge and ultimately hurts everyone.