Related Posts
McKinsey & Company I received an offer from McKinsey & Company in 2021 and I’ll be starting later this year after graduation. Obviously because of the pandemic, inflation is slowly trending upwards. Has anyone asked for a base salary increase before even starting the job? Any advice on how to approach this?
More Posts
Post-consultancy plans? Go.
Additional Posts in Compensation in Consulting
New to Fishbowl?
unlock all discussions on Fishbowl.



Whatever you sell your house for in Chicago plan on spending an additional million for a house in San Jose
Do you have a car in Chicago? If not, definitely factor that in somehow because public transportation is virtually non-existent in the SJ area (if it exists, it’s horribly inconvenient). You will need a car to get around conveniently as not much is walk-able either.
I have Car which i will take along
Housing is more expensive in SJ, obviously. But do the math and you may be surprised.
Property taxes in Chicagoland are 2%. In SV it’s only ~1.2%.
So let’s say you have a mortgage of $400k in Chicago on a house of $500k. And in SJ you have a mortgage of $1.2M on a house of $1.5M. Assume 3.5% mortgage rate.
In Chicago your house interest + taxes would be $24k. In SJ it’s $56k. Is your SJ comp at least $32k higher than Chicago? I bet it is. (This doesn’t count mortgage principal because that’s technically savings)
CA employers are required by law to tell you their salary range if you ask for it.
Generally speaking Director roles around here pay $300-350k total comp.
40% more at least