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A little early Christmas present to myself:
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It’s time for me to move on from my back office/CBS job at EY. I’ve been able to get through to recruiter and hiring manager screening round with FAANG employers and some tech companies but never beyond that. How can I differentiate myself when I’m probably also up against our client facing colleagues in consulting. I have about 12 years experience (7 at EY doing the same thing).
McKinsey & Company Does working at a McKinsey subsidiary or specialist practice open doors similar to working in generalist consulting there? Examples include Orpheus, Finalta, QuantumBlack and other acquired companies. Can you work there for 1-2 years and benefit from a halo effect that helps you enter industry more easily? McKinsey & Company
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The federal minimum wage is $7.25/hr, which equates to an annual salary of $15,080. If you’re in DC, with the highest state minimum wage, you’d be getting $15.20/hr or $31,616 for the year.
If you’re making $30k in DC as a consultant, then yes - you should absolutely start looking for a new job.
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Woof. Another kind of consulting might get you the pay you’re after, but at a minimum, I’d look at some of the other companies you mentioned. Highly unlikely that you’re current company bumps you from 22 to 35.
Ooh ERM huh. All environmental consulting firms’ pay sucks, big time. There’s isn’t an environmental firm on the continent that pays well. Even the larger engineering firms like AECOM etc, their environmental group pay sucks. You’re just in the wrong field.
A quick and easy way to increase it is to jump ship to a B4 or such in their ESG practice.
So much for fair wages, Mr Reichert should do better. I'D LOOK ELSEWHERE STAT
Promises in writing? Did they say why?
The decision could be due to a lot of reasons you will never know, but could be completely valid. The market insights on your areas could show slower or lower growth than originally expected. A 5% raise across an entire area is a pretty large line item.
Don’t listen to other people. Do what’s best for you. Talk to a mentor or someone who could give you a little more insight. Regardless, if you see a future there, stay. If they do this again, I’d probably jump ship.
Also, never hurts to apply to places regardless. Not like your current employer will know, and if you get a way better opportunity, you should jump regardless of the raise or not.
How long have you been in the permanent position? What is your actual v/s target billability %?
Rising Star
Oh! Sorry. I started off my career in environmental consulting with ERM London back in 2016. I’m sad to see nothing has changed. They are notoriously bad for paying their people what they are worth and ultimately always end up leaving. I had a similar situation to yours. Bide your time, grab the experience (it’s next to none at ERM) and make your way into industry or ESG/ Sustainability at management consultants. The ERM name holds weight.