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The question I have is whether or not the new position pay point range is 20% higher then he current pay level. To me, it’s irrelevant what someone thinks, whether those doing the hiring or those being hired. The question is what does the market pay for that level and in that location. If that means a 60% bump then so be it. Ask the hiring manager to look at the comp data and see what they think. BTW: a move from the B4 doesn’t in and of itself necessarily produce a 20% “just because I came from the B4” bump
Because it’s not true..
OP are your critical thinking skills this bad? You don’t just ‘get’ a bump. Either what you do in industry is worth more, or it isn’t. That might mean -10% or +75%. The fact you’re leaving big 4 means jack shit
Lol don’t you read fishbowl? The general consensus from any industry v consulting posts that happen over and over again... “Consulting travel sucks. Industry? Ooo I should switch. *dreams of 9-5, plush chair for permanent desk, never seeing Mon 4am precheck lines again* ... Oh wait crap, the pay sucks and I’ll never make as much. Ok stay a consultant forever.”
Agree with KPMG1 Your current pay has nothing to do with it. Only thing that should come into play is whether or not the value you’re bringing to the company worth the value you’re proposing
I actually totally disagree though that we are overpaid as M1 suggests. If so PMO or strategy work, yeah you’re wayyy overpaid. Technical work way underpaid. Especially in big cities
If I recall economics 101, they should pay you the minimum amount that gets you to accept the job.
You name your price based on what value you will bring to the company and other offers.
If he agrees...great.
If he doesnt. Don't sweat it...just move on
There’s not some hard and fast rule...many roles that request frequently from consulting offer pay increases to entice people to leave. If the role your interviewing for doesn’t, don’t take it. I get recruiters reaching out for roles constantly that are flat comp. I just say no thank you, and go about my day
Are you serious?
Consultants are overpaid compared to their industry counterparts. There's no reason to expect "at least a 20% raise" (lol) when you're already earning more than other candidates being considered for the same role.
C1 Thank you. I'm not that active on FB anymore. Just logged in for help after a long time.
K1 Thanks, that's helpful
I’m overpaid
Base justification for salary increase on your skillset not just because you want a raise
Consultant1 Can you elaborate?
Consulting is always higher unless you are taking a senior leader position.
If you are on higher pay band, don't expect the 20%. The industry band might be lower than your current and that might be a genuine reason why they can't go further as they have to get exceptions.
Obviously yes there’s exceptions and especially yes if MBB. But you’re the rule, not the exception
M1 Thanks. I think what you're saying is only true of MBB. Not of the Big 4.
Short term bump means shit...what is the long term delta? Can’t compare to consulting.