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Bain & Company Got dinged after a final round AC interview with Bain & Company as an experienced hire with 1 YOE. Currently at $75k base salary and on average work 30-40 hours a week.
Considering $15-25k increase in salary, but double the number of work hours, is it worth reapplying to Bain next year or better to wait to apply until after business school?
What is first year partner compensation?
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Gotta do what’s best for you.
Agreed with all of the above. It is the new norm and will likely be seen as normal-ish in the future.
Only caveat is that not every future employer will see this with rose colored glasses. I was recently quizzed why I only stayed at my first two jobs for 2 years a piece. It ended up not being a deal breaker but something that you should anticipate and have an answer for.
2 years is decent at both places
New norm. Doesn’t matter.
comp increases then makes sense
I think having a clear narrative helps. I’ve been working towards doing X kind of work in X firm since graduating, blah blah.
And trying to make #3 stick for a few years wouldn’t hurt, either.
If by bad you mean good then it's terrible
Nobody questions moves up in prestige and pay. Those moves are self-explanatory. They will always question the opposite.
About to join my 4th firm in my third year yolo
@associate attorney 2: “goodbye”
Movement isn’t the problem is certain reasons for movement. Yes, some future employers might fear training you and general costs and time associated with a lateral only to have you jump for better comp. However, when people talk about lots of movement being an issues it’s normally when performance is the reason for movement. Someone that does a great job and gets 25-40% salary bumps is not the main concern.
If you’re looking for a government position a history like that is an issue. Government hiring is costly and time consuming.
I am on my third firm in three years and am not looking back. Better pay and better quality of life.
If ever asked, just talk about how the opportunity was important for your family. Excited about the XYZ at firm B and C. But it’s your life and the increased comp early in your career can have a humongous impact on your long term earnings and retirement savings. If possible, invest all the additional comp you get from the new increase and you will be living like a king in a decade.
10% increase probably not worth it. 20% or more increase you owe it to yourself and your family to take it. Easily explainable. Loyalty is good, but turning down an approximate 60% salary increase is not usually wise.
Unless there’s a massive WLB trade off, take it.
I agree it’s the new norm. I’m headed to #3 in my 2nd year. Very similar situation. Big pay increases.
As long as your leveling up with each move, do it.
Pro
I’m about to do the same
As a managing Partner, I don't think I would even be a bit irritated (I hate it when anyone leaves, but that's a combination of how well we treat one another and the pain in the rear for me of an attorney leaving). You are getting a 40% increase... You'd get a nod of being somewhat impressed. Make sure you provide more than ample notice that you are leaving, so that you leave on good terms. But... be prepared to be shown the door same day if the current firm management is a bit jerky. Not the way I handle things, but have seem it too often. Now, plant roots in the new place if you want serious equity partner consideration in the future.
Is this for corporate work? For Florida that’s pretty big salaries.
Commercial lit
Go for it!!
That is understandable. Small increases but you can explain that away. Might not look the best. But steady rising. Also assuming the firms are each more recognizable.