How to calculate TC?
I work as an MBB consultant outside NA and want to compare my TC to NA TC.
Our salary is structured a bit differently, please tell me what goes into TC calc:
1) Base salary.
2) Social security pay (employer's part on top of base salary).
3) Pension deposits (similar to 401k).
4) Yearly bonus.
5) Vacation days (paid days off).
6) Different perks: cell device and plan, helath insurance, gym membership, daily food spend, etc.

Do I include it all in TC?

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When we say TC in NA we usually only include base, any bonuses (performance, commission, sign on, etc) and stock if applicable

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There's a couple schools of thought. Some just include salary+bonus (+RSUs, but MBB doesn't have those), others also include 401k match/profit share, depending on vesting etc considerations.

Generally we wouldn't factor in other benefits like insurance, perks, PTO etc. It's just too complicated to value, too small to matter, and/or just a wash between employers/roles. This goes for mobile plans, gym etc.

In my EU home country I definitely wouldn't factor in social security contributions or pension, because neither of them is my money that I can do whatever I want with. Retirement is structured differently in the US and 401k really is my money here.

All of this being said, comparing TCs is useful for comparing positions within one system or geography (eg, US or Western Europe). I don't think your cross-geo comparison will prove very useful because the systems are too different.

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Don’t forget tax rate. Income tax is quite high for high earners in the US.
And adjust for cost of living

Base + bonus + retirement contribution is the formula for TC.

That’s how MBB does it, but tech excluded retirement and includes equity

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