I hear about people in finance making 100% bonuses and can’t help but feel like I chose the wrong profession

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

I mean I still make more per hour than most of my colleagues in finance, pretty happy about that

like

I think this is a lie consultants tell themselves. On average the pay massively grows relative to hours and hours do improve a bunch when you move up in finance (IBD).

However, the real sweet spot isn’t IB, it’s the other ones that make a ton aka consulting comparable and have limited work.

like

You can get there, just keep climbing. My bonus was 60% this year. Two years ago it was like 20%!

like

Those bonuses are possible at A&M

like

IB is like bad sex. It feels really good when the bonus hits. But then it’s depressing / lonely the rest of the time when you’re canceling plans all the time and struggling to maintain relationships / friendships, date, etc.

like

Bad analogy - sex is like pizza, even when it’s bad it’s good. This just sounds like a 1 day nut followed by 364 days of post nut clarity.

Bonuses are taxed at 50% so feel better about that.

like

Withholding is more like 60% and then taxed as ordinary income

like

My friend at Centerview made ~200k TC (base + bonus) plus 50k signing as a first year analyst 🤷🏻‍♀️

like

Related Posts

Just realized excel has a new feature to analyze data in excel. Do you think this will impact the need/want for data analysts? Will the compensation go down or do you think it’ll have no impact?

like

Please suggest in terms of learning, job security and work life balance which organisation to go for in the current time from the below offers...
Thanks in advance for your valuable suggestions.

TabSquare (22 fixed+ 1.5 variable)
Zensar (20 fixed+ 1 joining bonus)
Rightpoint (22 fixed+ 1 joining bonus)
Accolite digital (PKG not confirmed, estimated 24 fix + 1 joining bonus)

Tech stack Frontend Developer (react js, JavaScript, HTML5 and CSS3)

like

Hello everyone, I'm a cs grad student graduating in may making a career transition from mechanical eng to cs. I had an internship but its been hard to find a fulltime dev role. I was thinking of taking a lower position at some company and working myself up maybe BI to DA. I would like to work as a dev but a lot of the small companies are offering salaries significantly under 100 for jr dev roles. Any thoughts?

like

What is salary package for AR VR Engineer?

like

I am starting a 4-months internship at a company B in January. However, I just heard from a company T that they will interview me for their full time position.

Company T is paying me way more (twice) than Company B. And I like company T more. However, they want me to start working in February if I get this position. If I end up getting the offer, I will have to quit my internship at Company B, almost immediately after I begin the internship.

Is this okay?

like

Hi Fishes & Sharks,

What will be the in-hand salary? Please guide.

Post Photo
like

Hi Fishes,

I Have cleared frist round and now I have hr round what package should I ask??


YOE 6.1
CTC 11

like

Salary of Associate Consultant SAP with 2 YOE?
Need info for negotiation.
@infosys

Received and signed a BA offer at $85k + bonuses and profit sharing at a T2 in NYC. Any guesses what salary for SBA, Associate, and Manager will look like? Ranges welcomed.

like

Larsen & Toubro Infotech Hi everyone,

I have 6 years experience in .net, my current package is 13.5, now am planning to move from current organization. how much can I expect from other organisations. Anyone have any idea?Virtusa Accenture CTS Tata Consultancy Infosys Mindtree Larsen & Toubro Infotech

like

Netherlands, Eindhoven salaries for Java devs

like

I have an interview with JP Morgan this week for a Channel Marketing Manager - VP role in the Asset Management area. The role will be based in NYC. Just curious what is the normal range for the base salary and total comp.

like

5 years of experience and I have brought very good results in Lead Generation and E-commerce with Digital Marketing.

I am skilled in SEO, Paid Ads, WordPress Website Development, Analytics mainly Performance marketing.

In e-commerce I have brought good conversion rate just by improving the ui/ux of the site.

How much do you think I can be paid in Navi Mumbai?

Context : I started from a startup agency and currently working in a Big well known agency.

like

A question from a youngster. Is working at a big big company with slightly low pay better or working at a much smaller company with higher pay better?

In the future, after a few years, let’s say I’m at a small company and want to switch to big big company, will the “small names” hurt my chance to get into the big doors?

I mean big big company is like 10x bigger than the small one if this was a factor. Assume everything else the same, WLB, commute, teams, etc.

like

Would you accept a part time freelance gig for an hourly rate?

like

I'm deciding between two offers: 1. FDD Associate at A&M (90k base + likely 30-40k annual bonus) 2. Analyst at a small boutique IB with decent deal flow (75k base + likely 50-70k annual bonus)

like

Hi Fishes,
What’s variable payout range for D1?

like

Any insight on salaries and bonuses for larger Long Island law firms for class of 2015 (i.e., Rivkin, Jaspan, Meltzer Lippe, Farrell Fritz, etc)?

like

If everything is done using WFH.. then why there is need sending employees to onsite?
Can't they pay onsite salary while WFH in india.

funny

Anyone know what the comp looks like for corp strat associates? M’s? Directors?

like

More Posts

“Those who vote decide nothing. Those who count the vote decide everything.” ― Joseph Stalin

like

Current place I'm at wants to extend me. Thing is I had already (verbally) agreed to another place. But other place is less $, less time, though more "prestige". Stay or go?

like

Hey guys! I'm working on pivoting into ux research (background in product management and an MSc in marketing). Any recommendations for ux research certifications? Something that is well respected and well known and also provides a solid foundation of ux?

like

Are L&E firms raising salaries (Littler, Fisher, Ogletree, etc.)? What is starting compensation?

like

How much inhand salary will i get and how can i save max tax on it

Post Photo

Hi,

I got an offer from Simieo solutions. What will be my in hand salary after deductions?

Also how about work life balance with Simieo.
Pls share your experience. @

Post Photo
like

Accenture folks...What is the biggest advantage to delivering a PROSCI change management approach vs what we currently do with FORM?

like

Hello everyone. I will be transitioning from the Navy soon and want to work in the cybersecurity field. I have an active secret clearance, BS in strategic intelligence, working on a masters in cybersecurity, and taking Security+ in December. No work experience in cyber, just my education and bootcamp course for Security+. Should I still apply for job that want 2-5+ years cyber experience and/or an active TS clearance?

like

Hi Fishes, Can you all please help me with the inhand salary?

I have made 80C, 80D, HRA investments already filling individual limits.

Post Photo
like

Does LTI pay the full variable annually?
If not than what is the range in which the give the variable

like

Hi everyone ! Anyone from Mumbai or HYD Liability Operations Team or KYC & AML role.

I want to switch job at Mumbai, Banglore or HYD location. If anyone can help me out..

Why do you enjoy Boston (as opposed to other cities)?

like
like

Just curious - What is a ballpark estimate of in hand salaries for people with around 5+ years of work ex and an MBA degree(Tier 1 college) in India?

like

Heard a lot about ordinarys products. Any specific profuct that you swear by?

like

What salary should i expect for PwC SDC- Associate in Cloud Engineering with almost 2years of experience in IBM as System Administrator role?
Current CTC- 4.34 LPA.

like

Anyone have insight into what Corporate Development at PayPal is like?

like

Is IDFC First Bank providing Work from home option for IT department employess?

like

I hope he’s in as much pain as I am. The way he ended it was so cold and selfish and unlike how he was any other time with me. It was like a personality switch. I’ve never been so wrong about someone. I’m not sure how to process or recover from that part of it.

like

💪BEST STUDY TIPS THREAD:

Drop your top tips, ninja tricks, and most important intel in the comments below! 👇

likehelpful

Additional Posts in Consulting Exit Opportunities

What are the downsides to pivoting to a strategy/growth role in a start up?

like

What levels can an MBB EM exit to for S&O roles at companies like Google? Rest of FAANG? Thanks! The level schemes confuse me (compared to titles)

like

Any insight into finance manager role at Microsoft? Total comp, growth opportunities, WLB?

like

Does any big tech hire dentists? What are some options for dentists?

like

Anyone in the Digital Strategy group at Adobe willing to chat? Looking at the Analyst role specifically. DM me!

like

Hi sorry if this is extra but if I’m applying to Amazon should I take PowerPoint off my resume since they banned it there? I’m a senior in college and have it on there from my internship this past summer.

like

Ay yoooo

Deloitte/ KPMG/ EY/ Accenture

Are any of y’all hiring for Sr Manager or Director roles in your SAP groups?

like

What’s your top 5 companies in the world you want to or have worked for? Any industry.

likefunny

Got an offer from a restaurant chain company, not publicly traded. How can I evaluate the financial backings of the company, how long the company can sustain?

like

What are some companies allowing people to work fully remotely that have reached out to you lately?

like

Got a FAANG exit offer. Although I am elated I am having cold feet and am not sure if I can handle the role. Is this normal?

likeuplifting

Hi guys. Might anyone have any general insights on IBM titles, comp ranges and how TC is structured? What would the logical setup look like for someone with 10+ years investment banking/technology experience + 3 years FSI consulting

like

Starting to think something may be wrong with my resume, getting 0 interview requests but like 4-5 denials so far. I had no clue it’d be this difficult to leave unless I’m doing something wrong.

like

Anyone have experience with PE portco roles? Highly acquisitive platform in healthcare looking for add-ons. Guessing it’s very firm dependent, but any other insight would be helpful

Average YOY raise in Industry vs. Consulting? I

likefunny

For those who joined FANG with stock options, did you use 83(b) tax election to pay taxes upfront or wait to pay on the vested amount?

like

Anyone have any experiences exiting consulting to become a lawyer? I’m specifically interested in being a public defender/immigration attorney.

like

About to start my first PM job! Any tips to be prepared and ramp up quickly? Books to read, courses to take, etc.. any tips are appreciated! Currently in ops consulting. No tech background.

like

Hi, can someone help me update my resume? Having a hard time describing my current role and how to leverage that for a role I want.

like

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