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Rising Star
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"post_content": "I just signed with EY as SM with $70k higher in pay over McKinsey EM role…. Did I make a mistake?",
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Yeah but EY has unlimited vacation and i know people at EY that actually use it (take like a month off straight). Also presumably less hours. I think it was a good call. People out here pretend like McK is the only way to make it in life
Lololololol…. Get the money my G! Who gives an f about career opportunities when you are paid double per hour… stay manager at EY forever and you’re good to go… no stress, easy life, you can focus on other aspects of life such as starting a family
Chief
We need more MBB people like you in the world, hope you don’t get crushed by all the hard asses in life
Chief
Nah, chase the $ unless you felt like you could punch your way upto Partner at McK
Yes you did
Did you have no path to AP? Even under that scenario, I would have left to industry (or do you love consulting so much)
Think long-term - 70k now won’t matter after a few years
I used to think $250k is all I need. Then I had a child and my lifestyle inflated a bit and my ambitions changed…..now I’m thinking $500k! And the saga will continue
If you are planning to stick around consulting and it's EY-P I presume, you made the right call.
If you are looking to get back to industry sooner than later, McK would have opened more doors.
A1- I have to agree with you - everyone really act like it’s either McKinsey or nothing. It’s a great company and all but it’s not the only way make it on life
I def got a sense of better WLB from EY than McKinsey from my interactions
Thanks all for your insights
What is your EY comp, which practice?
Is it EY-P or EY- proper?
I was interviewing for an SM role at P and salary-wise it was higher than the cap for EM.
Chief
Ya messed up, man. Cash balances out after 2 years.
If you were gonna stay until partner, McK is much better and faster.
If you were going to exit to industry, McK is still better for that.
Care to share the offer details? YOE, location etc
13 years industry, 4 years consulting with Accenture and Deloitte, location for McKinsey is NYC and EY is NJ
Family > career progression
Yup.. the WLB is not gonna be better at that level at EY. And you have an indefinite wait to PPMD
Depends on what EY offered you.
Rising Star
Wow, that’s not even SM1 they’re bringing you in at, that’s an experienced SM level. SM2 is $262.5k, so they’ll expect a good bit out of you especially in practice building / biz dev.
If you want to be a partner, and can sell stuff, this seems like a quicker path. TBH we have a lot of SMs that suck, so it shouldn’t be too hard to stand out if you’re good. That is an awful quick path up from A/D to being an SM+ here.
do u want us to tell you what u wanna hear
No, a good way to distance yourself from all the opioids.
Take McKinsey by far - your exit opps will be much better, you’ll learn more & faster path to P
Better work life balance! You did a good job! You can always go back to McK
Agreed with eyp2 but why go back to McK if you get good bucks… enough to live comfortably
70k is wild