How much money is enough money?
Interviewing with a bunch of companies but dont know how to make a tradeoff between the role and culture vs comp. How do y'all think about comp?

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

Culture is vastly more important. If you work somewhere with a great culture you will excel and comp will take care of itself. I spent 12 years in industry and have 19 years in consulting. Have followed that model my entire career and have never had a comp conversation with my managers or anyone who reported to me that performed well. You have a long runway ahead of you. If you don’t like the culture you will be miserable no matter how much you are paid.

likesmart

Very good advice.

Honestly, depends what's important to you to define the tradeoff. Some people need better flexibility for family or other reasons.
As long as you have enough for what you need and enough to get things you want without breaking the bank then get the culture you like.
I dont know that there is an equation to give an exact answer but you do you!

like

Start with long term goals first like retirement, marriage family and things you’d consider necessities and do an estimation - I hear you guys are good at that ;) ... then define more short and medium term wants like that new RS6 or whatever it is - then it’s a trade off between wants and comp really. The less tied you are to material wants the more flexible you can be.

funny

For some, $100k (a fortune to many!). For others $100m (a fortune to all!). What matters to You?

like

$100m a “fortune”??? Peasants!

funny

As someone who has a few years and experience in both industry and consulting...you can absolutely have it all, you just generally can't have it all at the same time time. So some thoughts to ponder.
1) Map out a general plan on where you are and where you want to go. Understand that a plan means nothing will fall into it the way you think, but helps you to determine what your professional priorities are
2) What are your personal priorities? Now and in the future? Life falling into the plan? See above.
3) Culture vs. Income... I'm a culture person. I like to have some independence in my daily activities, I like knowing my role today is still helping people (you can take the woman out of the caregiver role...) If you're an income person, own it. There's no shame in that - just make sure you are checking with yourself regularly that where you are and what you thought would be your happy-maker are still in alignment.
3) It's easy to end up too far on one side or the other, but figuring out what you can be flexible about and what your hard limits are helps.
4) Understand that early in your career (and life :) ) what is important to you will most likely change over time. And what you think you will love may turn out to be something you don't, and vice versa.
5) Don't be afraid to re-evaluate regularly. Be honest with yourself. Being miserable with aspects of your personal or professional life that you feel you can't change usually manifest in other areas of your life. Nothing is ever set in stone. Even if it seems like it.

like

I'm 25, worked the last 2 years in consulting and am looking to break into tech Bizops or PM.
Confused about how to tradeoff learning experience from a potential job vs comp offered.

As I far as I can see, there is a plateau around $200k in most jobs. Unless you get a promotion to exec levels, most good jobs pay around that...

Can you give an example? Which industry which titles?

Where do you want to live? What kind of lifestyle (i.e. vacations, material, kids, private vs public education for kids, public/industry influence) do you want to have? How soon do you want it?

I look at it based on monthly cash flow in and out and also long term savings target. What do you need to support the lifestyle you’re looking for.

I personally would like a 200k base with about 75k in variable pay (RSU, Bonus). I use the base the pay off my monthly expenses (rent, student loans) and save all the variable pay. I also max out my 401k.

I’d recommend focusing on long term growth, work culture/satisfaction and learning opportunities in addition to pay. I know it’s at hard and I struggle with it, but given that I’m 30, I’m hoping to not make a long term decision only based on comp.

Related Posts

I’m an Internet Marketing expert (full scale branding, market research, website, SEO, social...) but new to consulting. Need advice on how to structure my fees/rates/retainer. Advice?

like

What consulting firms are in Raleigh, NC ? And how is the pay compared to somewhere like Houston or Chicago?

like

Cognizant t or EY  GDS India India (in terms of work culture, overall growth, job security). Profile same for both.

( Cognizant offering 3.5Lakh more fixed than EY + 1 lakh joining bonus )

Please help decide. (YOE - 8.7yrs)

like

Hi what are the top end salaries of a homecare occupational therapist in the Bay Area?

like

Anyone willing to help out on a job referral at Meta? There’s a dream role I’m sure i’d be a great fit for. Augmented Reality Creative on the Messenger team.

like

Crowe is hiring for quite a few positions across the US (Internal Audit, IT controls and cyber/digital security, Compliance,etc)… I’m a manager and would think some of these niche areas have great opportunity for new folks to excel rather quickly. Great flexibility and mobility policies. I’d be happy to chat if interested and get you directly in touch with the right people internally.

likefunny

Hi all. First message here but hoping someone for some guidance from the community. Looking to land my first AM role. I have 8 years in Sales (New Home Developer/Builder) experience. But no direct AM experience. I live in Phoenix, AZ. If anyone has any company recommendations, or pointers, it would be MUCH APPRECIATED!

like

My company Qualitest India has a lot of openings for Manual and Automation testers/DEVOPS/ETL and other roles for India and even abroad. Please check https://qualitestgroup.com/careers/open-positions/#open-positions and contact me personally with suitable job id from the link above. I will try to refer.
Note: I am not a recruiter. I work there as an Engineer and just trying to help people. 😊

like

How much of a salary bump does a secret clearance get? What are the salary bumps for popular certifications (PMP, agile, scrum master, etc.)? I’ve heard $10k for secret and $10k for scrum

Salary range for lead analyst (band 28) non tech?

like

What compensation should I be targeting for a Vice President role at a PE firm with $6.5B AUM in terms of salary, bonus, and carry? How might this differ for an operating partner at a PE fund? TIA!

like

I got 4% hike this august, is this average here in birlasoft or I have got less?

What is the ideal CTC for 5 years SDET and completely in automation testing

Looking for ideas on where to start the search for a Salesforce Consultant Role/SA or something similar as an expat in countries like UAE, Oman, etc. Potentially even Singapore or Australia. Where should I begin to look to apply?

like

What are the promotion cycle and salary review cycle months?

like

Hi Network
Can anyone refer me for a data science role ?

Been seeing a lot of jobs being posted by OYO. Anyone have insights on their culture, benefits etc.?

funnylike

Would a g/xoogler be willing to message with me about Google Consulting Services? I'm super interested in a role I came across recently and want to learn more about it. Would appreciate the help. TIA.

like

I’m interviewing for a community manager role with a creative agency tomorrow. Anyone have tips specifically for CM/Strategy roles?

like

I received an offer for a role that is a lot more money than I thought but I still want to negotiate and see how much more money I can get. What can I say if the salary is already above average for the role in the market and city I live in?

likehelpful

More Posts

Stayed up until 2:30 last night playing Among Us...the games just take so much longer than you think LOL

like

What’s the max umbrella policy coverage y’all have seen offered by insurance providers? Looking to get one for the first time. Anything I should consider/ask the insurance company?

like

Max out 401k before contributing to taxable brokerage? Roth IRA is already maxed out.

like

What are your top 5 Entertainment picks of 2021?

TV show?
TikTok?
Book?
Meme?
Song/Artist?

like

Who got in on Larva Lads? 👀

like

BCG fishes: If you make a temporary transfer to another office for 12-24 months, will your salary (& taxes) come from the home office or the office that you transferred to?

likehelpful

Hi Fishes, Wanted to know the work life balance and culture at Fractal Bangalore location . Got offer as an Analytics Consultant in the SupplyChain team. If anyone worked in the past or currently working please comment and hit the like button too 🙏. Thanks in advance ☺

like

Hi All,

I had an offer as a business analyst in HDFC BANK and CAPGEMINI.May I know which is better in terms of WLB...
Yoe 14 year
HDFC 23 LPA
Capgemini 22LPa

like

Hi everyone.

I need valuable suggestions from you all! I want to migrate to Canada and settle the after getting a PR. I am an associate looking for masters degree in analytics or management field. Budget is limited but can extend it till 35L INR. Tam only considering courses with duration of atleast 16 months so that I get PGWP (Work Permit) of 3 years which would improve my chances of PR.

1. Is this a approach correct ?

2. Any suggestions about course or university ?

like

Hi all! Can anyone share recordings of successful McK PEI stories?

likefunny

Could anyone give suggestions on how to prepare resume to get shortlisted for FAANG companies?

like

I am interviewing for an agency and they haven't extended any offers but want me to provide them with all sorts of documents. Is this sus or am I just overtly wary?

like

Anyone have financial services mock cases they can share ??

like

Planning a trip to Austin, young couple looking to move here from DC what neighborhoods should I see and or any thoughts on other cities to visit for the same reason.

How much should a data engineer make at 2 YOE in a tier 1 city?

like

When you fake it, till you make it.

Post Photo
likefunny
like

What will be in hand for the below after-tax deduction?

Post Photo
like

Fishes, how were the appraisals in general at Deutsche Bank for roles in Mumbai location? Understand that they got concluded only recently so it will be interesting to know. While it may vary from function to function but we will atleast got to know a ballpark figure. Also if you could add your designations, will be great.

like

What do you think about Retention Bonuses? Is it a good or a bad thing? Love to hear your thoughts on this.

like

Additional Posts in Consulting

Does 401k count as savings?

likefunny

What does Slalom’s Delivery Leadership team do?

like

Any entrepreneurs out there that feel like there’s a million things no one told you before starting your company? (Good&Bad) 5 years in myself and nearly could write a book with my list of sh*t no one told me… curious to know what’s on your list???

like

How will the US come out of covid19? As an outsider they seem at greater risk then others: expensive healthcare, no sick days, homeless people, people who wont stay home... Thoughts?

likehelpful

What are your expenses/time horror stories? Has anyone gotten fired in relation to expenses? Compensation withheld?

Best computer Lenovo X1 or X?
For a partner so I don’t need all the horse power a consultant would but I still do a decent amount of excel.

like

Best consulting firms for work-life balance? I know consulting is chaotic in nature, but just curious to see which ones are the best in dealing with this?

like

Poll: What dress code do you follow at your home office?

What are the best consulting companies in the US focused on Sustainability, either Strategy or Ops?

likefunny

Joining a small firm <5 people (Co-founder is MBB former partner / my mentor). Any 🐟 go down this path / have advice?

like

WFH... Day 4

Dog isn’t happy that it’s after midnight on a Thursday night and he’s not in his big comfy bed in our bedroom...

Next Thursday I’ll stick to my routine and ensure I’m drunk by now...

Post Photo
likefunny

Feeling lost in my career (10 yoe, 9 in consulting). Anyone feel this before and how did you get through it (career coach, books, etc)?

likefunny

Just hit diamond with Hilton! Garçon, your freshest bottle of grey poupon your most average of rooms if you please, thank you. 💅

like

Applied for a position 1,5yrs ago, got the job but turned it down. Really liked it but didn’t make financial sense. Kept good relationship with the HR person but since then she’s left the firm. (Cont)

like

Today's grammar lesson:. it is "furthermore', not "further". Carry on.

like

Any book recommendations about human psychology / thought processes?

like

Is there a hard limit on how frequent you can apply in a year at FAANG? (For instance: Amazon, Google)

Also, how many positions are we allowed to apply?
There are just many positions at different teams right.

like

I feel stuck as a Strategy Manager and want to make a career pivot at 35. But have no idea what i should do? Any suggestions, resources or books that I should read to help with my existential mid thirties crisis? I have experience in technology consulting, corporate strategy, freelance consulting and law. Do I go back to being an Attorney, or do I retrain and become a financial advisor or something else?

like

Is DUI frowned upon for a client background check?

likefunny

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal