How can EYP afford to pay MBA new hires so much (170) for SMO/IMO work? Rest of big 4 lags (150)

like
Posting as :
works at
You are currently posting as works at

Bill rates in SMO/IMO were pretty high pre covid. You have to understand that EYP is actually a market leader in SMO work. Pwc, deloitte, and kpmg have less market share because they invested in other areas of their business. While EY lags in tech consulting, they dominated in divestiture work for decades.

Also as a practice area, junior resources experience somewhat higher utilization rates.

like

This original post is incorrect.

Because they want higher quality talent and are growing faster than the rest of legacy EYP?

like

From my graduating class a few years ago, they weren’t getting the top talent out of the B4. This was prior to the 170. Interested to see if that shifts.

It’s also worth noting that even in a typical year, our bonuses are significantly lower than PWC/Strategy& and Deloitte (I don’t have numbers on KPMG but I think they just beat us out too). I still made less overall than my friends who were above average performers (and therefore got above average bonus) at the other firms above. If you’re an average performer at EY-P you’ll come out ahead, but higher performers lose out.

like

Yep spot on OP. EYP is a good place to be if you’re all about the base and know that performance bonuses and being an above average performer will only get you so much in return.

If I was to go back and graduate from an MBA program I’d join EYP with a higher base if I knew I’d be okay being an average performer, since the bonuses are so low anyway; the return on being a high performer bonus-wise is just not there.

If you do count yourself as a high performer or have confidence that you can get top tier rankings or close to them, your total Como is better off at D/PwC/KPMG where bonus ranges and rewards for top performers are higher.

Alternatively if you focus on just a good base and are okay at that point knowing that even if you’re a high performer, your bonus at EY or EYP will only be so much, then go that route.

And yes, I understand in a promo year things are different, but in non-promo years EY bonuses are known as being historically low, so your base is pretty much what you’ve got to work with.

At the others, the bonus range is higher and as a result, top performers are rewarded better. Simply facts.

Underpay everyone else?

Related Posts

I just saw someone had a Workday People Analytics certification on their Linkedin, is this a new cert and does it require coding?

like

Assuming there’s people pursuing their mba currently here, does anyone use a MacBook Air? Thinking about gettin the 2020 model for my mba. Been windows my whole life but wanna change it up

like

Opinions on Oxford Said? Looking to move to MBB London post-MBA but the employment reports show that were very few people going to MBB (some could even be returning after sponsorship). Is this an issue of MBBs not giving SBS students a shot or rather poor interview performance from SBS students?

like

Hey, Chi. First time caller.

So I'm considering a switch from law to consulting, and noticed EY has started posting salary ranges for positions. All the mid- to senior-level jobs I'm looking at are in the $95k to $150k range. Is that right? True for all the big 4? Seems super low. I guess I never thought about it before but how exactly do you folks get paid?

funny

Any recommendations for an M&A professional certification? I was considering the online program offered by New York Institute of Finance, but if anyone knows of a more worthwhile course, I’m open to suggestions.

like

Do you regret leaving B4? Looking to make my move and it just feels “wrong”. Any advice appreciated.

like

Hi Fishes.. I’m an MBA in finance & currently working in DCB Bank for last 7 years as credit and risk manager. KRA includes - credit analysis, financial statement analysis, delinquency analysis, portfolio management, strategy management, customer visit and interactions. Recently completed integrated programme in business Analytics course from IIM Indore. Looking for a job change. Please help me and refer me in any suitable jobs for financial analyst or business analyst.

Fed Fish, trying to settle an argument. From what you've observed, what is the most in-demand non-IT certification in the Fed space? Thanks.

Kinda amazed how job market froze so quickly. I remember seeing B4 audit seniors getting into B4 FDD so easy till like 9 months ago. And then it was still easy to get into MM and now it's hard to get anywhere. You gotta seize the opportunity when you see it.

likehelpful

Hello! Workday Early Professional over here. Are there any Salesforce partners that are hiring and sponsoring certification exams?

I've been really interested in the capabilities SF and feel it has more broader applications versus WD.

Thanks in advance!

likehelpful

I have completed the interview process with Accenture for Procurement Management Role and now awaiting for HR to take on compensation discussion.
I have 4 years of experience in Procurement and Sourcing. My current CTC is 4.3LPA.
Education : MBA in Supply Chain.
My ask was 40% hike on current CTC.

Any suggestions or advise?

like

Senior - 3.5 years. Certification in progress. Interviewing for a Senior Internal Audit job in the LA area (not public accounting). I’m currently living in a LCOL city and will be asked to move to LA once it’s safe to do so. How much should I expect as a salary? What’s a reasonable salary offer?

like

Hey Fishes,

I was in SD team and now in last week of August I'll join SM team, I am looking forward for management consultant role am I going in the right direction?
And does Accenture provide E-MBA ?

like

I have an MBA. Employer filed H1B SOC "Software Developer"
H1B approved without RFE.
Que: Any issue with this during stamping at home country? Mine is Consular Processing not a COS.
Thanks!

like

What are the best options to get into legal nurse consulting/ chart nurse reviewer positions without having an LNC certification?

like

How should I think about savings especially as layoffs may be happening more?

- pre MBA teaching/non profit career (no savings)
- 45k student debt
- salary is 7k /month take home
- cost of living( rent, food, etc): 3000 / month (the rest has been going to debt)
Should i keep a savings account and not pay debt ? Get LOC ? Safe investments? Anything else ?
Thanks

likehelpful

If you go from Big 4 to a regional firm, is it tough to go back to Big 4 10 or 15 years later if you want?

like

2nd year partner at a top 6 accounting firm. Have offer from big 4 for $200K more annually. Don’t really want to take it, but how can I not.? That’s approx a college education annually after tax. Should I try to negotiate or just take the money and jump ship. Feeling Seriously undervalued for what I’m bringing to the firm in terms of people building, sales, book of business. Hate to not be loyal, but $200K is $200K. Advice please

likesmarthelpful

I work in Management Consulting at PwC with 3 YOE post MBA in Advisory. I also have 3 years of pre-MBA work ex. Current fixed component of CTC is 22.5 LPA. Bonus was around 1.5LPA.

I have cleared the initial 2 rounds of the EY process. How much can I ask based on my experience and what position should I be asking? Deloitte PwC KPMG EY

Please help me.

like

Hi! I am a Human Capital Consultant looking to upskill but wanted to know which certification is the best bang for my buck as a consultant. Is it a PMP, PROSCI, CMP or HCRP? Thanks!

like

More Posts

I want job referral in jp morgan . Can anyone help me ?

like

Is it just me or have you lost touch with most of your friends from high school/college? I’m 29 yo & coming from someone with a lot of friends, I can say that I now only have 2 friends that I can really trust and have kept in touch with over the years, in addition to my significant other. After the pandemic & switch to the WFH/hybrid environment, I’m feeling more isolated than ever. Any tips or recommendations on how to network and meet more people? I’m based in LA!

like

Paytm or pinelabs. Which one should I go for?

like

Did it happen with someone in the last quarter that although you got nominated by L1 for band progression but the promotion did not happen?

like

Hi all! I work from home, sit in meetings all day, have an adjustable standing desk and am looking to elevate seating options. I love the idea of having a supported yoga ball chair to subconsciously work the core. Anyone have one or can recommend an alternative solution?

like

Just curious: do you really enjoy S&O roles as ex management consultants? To me S&O is basically a support function that works for either sales or product. Minimum ownership and P&L responsibilities hence upside seems lower than product/engineering/sales. Am I missing something?

like

Any Privacy Analyst here who can share what their average work day looks like?

like

How do I stop being “skinny fat”? I’ve already lost 50 pounds but some of that was muscle mass. I think I’m done with the diet phase and need to transition to weights? What’s the right balance?

Hi! I am currently enrolled in a master's program in Health Informatics at the University of Illinois at Chicago, and I am looking for new opportunities. I am currently employed as a Development Coordinator at a large non-profit hospital, where I am responsible for fundraising event logistics as well as assisting with fundraising, data analysis, and contract management. I would like to pursue a career that is more in line with my degree. Does anyone have any suggestions or ideas? Thank you!

like

For Kellogg was there a difference between those who direct scheduled and those who were told to connect with alumn / schedule via email

like

I recently completed my first round @Wells Fargo .may I know how long it will take to get the details to attend second round.

Any inputs will be highly appreciated

like

Can anyone recommend a car seat that doesn't get hot in the back? My 1yo currently gets super sweaty every time she gets out of the car seat cuz I guess the material against her back is not breathable

like
like

Too many meetings, is dreadful. Are you a person who wings it going into a meeting or do you prepare?

like

I recently nearly doubled my income. Currently My bank account balance is -29.53. Yes. Negative. I have been horrible with money forever. Now that I actually make decent money I need help with money management. Where do I start?

like

Looking for insight on business immigration firms in LA. I worked as a judicial clerk/staff attorney at the immigration court and occasionally handles decisions involving employment-based immigration, non immigrant visas, and waivers. I’d like to get into business immigration and eventually advice and counsel for employers, so I’m wondering whether I should be looking into full service firms with L&E and immigration. Thanks!

like

It’s all about perspective😤💯

Post Photo
likefunnyuplifting
like

Deloitte folks. Anyone in ITS or M&A? What’s the salary range for senior? (CPA, NY)

like

Compensation range for Corporate VC Senior Associate? Thinking of applying with 2 years Consulting, 2 years midcap VC experience.

like

Additional Posts in M&A - Mergers and Acquisitions Professionals

Any recommendations for an M&A professional certification? I was considering the online program offered by New York Institute of Finance, but if anyone knows of a more worthwhile course, I’m open to suggestions.

like

Since there’s no PE bowl and I know a lot of m&a consultants have PE clients, figure I’d ask this. How will current interest rate levels affect the deal structures of LBOs moving forward? Cont.

likesmart

Got offers from S& Deals and LEK, which one should I go for?

like

What exactly does JPM DIB do?

likefunny

Happy New Year! What challenges do you expect to see for M&A in 2021?

like

M&A M2 at Tier 2 firm. Is Corp Dev a pretty realistic target? Have done DD, PMI and growth strat work. Thoughts? Comfortable with picking up basics of valuation & modeling via Wall Street Prep

like

Sorry if this has been asked before but is there consensus on which is the best Tech/IT due diligence shop out there?

like

How should I spend my yearly education credit in this space?? Any recommendations?

like

What does Deloitte Corporate Finance team do? How is it different from M&A Strategy or ID team!!

Anyone interviewing at Coinbase? Lots of open roles out there. What is potential comp looking like?

like

Hi everyone,

Just received a interview call for 
PwC Delivering Deal Value (DDV) Finance Manager,

Anyone with prior experience , can they please let me know about the procedure

1) Round of interviews

2) is there a case study round for Managers

3) Things i would be grilled on

Any other information that might come in handy.

Deloitte EY Accenture PwC

Thanks

likehelpful

Thoughts on transitioning from SAP to M&A?

funnylike

Interested in joining IT M&A role as a manager? Any help Fish folks

like

Thinking of making the jump from FDD to IB. Has anyone made a similar move? How did you go about it and was the comp increase in IB worth it

like

What is confirmatory diligence? How is it different than operational diligence?

like

Best way to prepare for A&M interview / case studies for the PEPI CFO Advisory group? Heard case would be about the three F/S, which I understand from accounting perspective but wondering if I need to know anything specific. Thank you!

like

What does the market look like for M&A consultants in the next two years? I'm talking to a firm that has 90%+ utilization so they have open roles. Changing companies in a time like this appears risky though. What is everyone else seeing?

like

Those of you who are in supporting functions Human Capital, Digital etc., where do you source your deals from? Does it come from the Strategy / FDD teams always or have you been able to get deals of your own? (I have a M&A related offer on the table and I am considering it. Not in M&A currently)

like

For those in corporate development, can you talk about the financial modeling aspect of the job? How detailed do you get? Full three-statement or something much simpler? 50 tabs or less? It would be helpful if you could say what size company and whether it’s public or private. Thanks!

like

What are some of the skills you need for a career in IT M&A?

likefunny

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.