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McKinsey & Company How is McKinsey & Company Capabilities & Insights (Marketing & Sales Team). I am aspiring to be a Data Scientist or Analytics Professional? Current Fixed in Accenture - F
Appraisal(Nov2021) is 1.22F and I am getting an offer of 1.44F from McKinsey.
I have already decided to join McKinsey but just want to know what are the perks I should expect in McKinsey. How is variable component? What is the scenario of WFH? I have been offered Senior Capabilities & Insights Analytics Analyst.
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Very tough decision. Both offers are incredibly low-balled given the hour rqmt (esp 2150).
Doesn’t matter, OP. I’m in biglaw and to put it into perspective: my annual billable target is 1950. 150 of those can be pro bono, diversity/inclusion, client development, and a few other things. A second year makes $225k base and has $30k bonuses for 1950 hours.
2150? Bonus is closer to $40k.
Both of these jobs are underpaying by a lot.
Carlton Fields has an excellent reputation in Florida. The potential issue with the smaller firm is that although the hours requirement is lower, the client base might not tolerate as high billings as the Carlton Fields client base, which might hurt your realization rate at the smaller firm. Florida salaries are just not going to be as high as in other parts of the country. I would take the Carlton Fields offer and go with the better reputation.
I should add that these firms are both in the LA/OC market.
Depending what I was going currently, I would keep looking. If you must choose, take the higher paying one and keep applying.
Me too! Both are great options coming from ID. At this point, I think it’s more of a personal assessment of which practice and how important money is to you.
Okay; in that event both salary amounts seem low for the LA/OC markets (at least to me) …. But I think you would still get more mileage out of Carlton Fields’ reputation, unless you had a much better feeling from the interviews at the smaller firm.
I really did get good vibes from the people I interviewed with and the firm culture seemed very welcoming while the practice areas genuinely do interest me. The work life balance seems much better too. However, I do know Carlton Fields has a much bigger name and could be better for my long term prospects so I am a little confused to say the least
Then perhaps go with your instincts and opt for the smaller firm. I’m not sure how long Carlton Fields has been in California…. But I doubt they have quite the clout in California as they do in Florida….
Did you counter either offer? Well, in my 23 years as atty recruiter here in so cal, the Carlton Fields comp is low for this market. They don't have deep reputation in so cal, but that doesn't mean they shouldn't be competitive. I handle a national portfolio of clients. For a small firm/boutique in So Cal, you can do much better. Litigation is hot now. My boutique clients handling biz lit are offering 185k fewer signing bonuses than in past couple years and some of mine are paying success bonuses. One in particular has a ceiling of 2k billings for the reality of lifestyle (it's not a slogan to them). There's a great trial firm in the mkt for Biz Lit, and they're offering over 200k plus signing bonus, but you will bill 2100 hrs. I should note each of these firms have high stakes cases in IP, biz disputes, employment, fraud, securities, and more...representing media, entertainment, sports, tech, fashion, and these are front page news cases.. national and local. Any small firm offering 120k must have real issues. There are great small firms with fair comp. Check their docket and review their cases and client base. Make sure the cases are really what's been portrayed. All this said, your personal goals and lifestyle are what truly matter. This is an important career move. You need to stay for a while before another move. Learn everything possible, gain all the experience possible.. if you need to move .. at least you'll have solid marketability. I placed a junior associate last month for 175k handling big law cases in a boutique like I described above. He had 6 months biglaw, a 5 month break.. .. he'll be able to go anywhere he wants in 3 years. And he will get in the courtroom plenty.. and make 2nd chair in his 3rd / 4th year. Best of luck to you. Reach out anytime. Happy to offer firm insight. Just remember.. what's important is what's best for you in the long term. Congratulations either way!!
Out of curiosity, did you end up taking the Carlton fields offer? If so, how do you like it ?
Rule of Wisdom: Larger Firm = Issues of Politics. I'd prepare a comparison analysis. Small law firms are growth potentia, don't usually require too much billing as focus on increasing long-term client especially in IP cases or use bonuses. Keeping in mind that any firm who offers "signing bonuses or end year bonuses," 90 percent to 100 percent it is not an ethical law firm and they are clearly utilizing the firm for money laundering schemes.
What does this even mean lmao
Talk to other associates re how strict they are about meeting hours. Could just be an on paper thing in case they need something to point to if you prove a bad associate
2150 is a lot of hours OP. I know they say that only 1950 needs to be billable, but if you don’t have the option to stop billing once you hit 1950 hours than your target may as well be 2150.
My smaller firm, in a smaller CA market, pays more for fewer billables, fyi.
IMO, take the biglaw job and move again in 12-18 months. You can always go smaller then/later. Much harder to go from small or ID to biglaw and you e done it now. Take it.
Dm’ed you