How do consulting companies calculate bonus? Is it based on a target percentage times individual performance times company performance times base salary?
So if someone make $100k base and has a target bonus % of 20% at her level and has been rated 120% for individual performance and company performance is 200%. So would bonus be? 100k*20%*120%*200% = $48k. I am making a move from industry to consulting and need clarity.

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Believe practice varies across consulting firm. Would ask your firm the philosophy behind it and how it works.

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Here it's percentage of base salary. Adjusted down a bit if you have time logged that is the equivalent of "unassigned".

How that percentage is calculated? There is a formula but you are given a range as indication. The range differs based on your career level.

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Depends on weighting of personal goals and company goals

If it was 50/50 and straight line which no caps or diminishing return of the formula then:

10% of base * 120% = 12k
10% of base * 200% = 20k
I think it would be $32k total

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I should caution that there are likely caps that would limit you

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