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LA does not get paid anywhere near SF or NYC, and our cost of living is not as low as you think, unless the firm expects me to live in Compton...
I think NY and the bay area (sf and SJ) is the same. LA is slightly lower
I dont know what tiering you're referring to, but I can tell you in tax at least, there is a huge pay discrepancy between LA and the SF and NYC offices, even San Jose gets paid close to SF.
We are rated by tier when it comes to raises, but the pay bands are different in each market/office
https://docs.google.com/spreadsheets/d/1p82A0ORFPWb6pHMv0LFKzM4FClvFoDQ8HsNTEZkXtKQ/htmlview#
This is known as the cohort system. Tax is not a cohort model yet. Advisory is, however. In fact, experienced hires and homegrowns get the exact same pay too!
You just got the cities wrong.