Related Posts
Deloitte Consulting's Dubai office is hiring IT M&A professionals across levels - from Consultant, Senior Consultant, to Manager.
Previous experience within IT to be around: Carve Outs, Cutovers, Target Operating Models, Due Diligence, Governance, Infrastructure, Security & Networking.
Please DM for more color on comp, culture etc.
Community Builder
what is the ctc for avp in citi ?
More Posts
Visual Storyteller
New watch, new watch roll!
Visual Storyteller
Ready for skoo 💪🏽
Need 11 likes to DM
Additional Posts in Compensation in Consulting
Conversation Starter
Is Facebook (Meta) lowballing? I have 11 years of consulting and industry experience. I recently interviewed for a Program Mgr role. FB continued to interview me knowing I was looking for an IC6 role (TC $300K). Midway through the interview process, they came back saying this role has changed and they can only hire an IC5 and are offering $230K. I am an M4 currently and last year I made about $210K. What’s your suggestion on how to counter this?
what age you reached 100k ,200k, 300k base
When did you hit 200k for your salary?
No lmao just don’t move to downtown Manhattan
At the end of the day it pays to live in a MCOL/LCOL unless they pay exponentially more. Majority of companies do not pay what the actual COL adjustment would be. For example when I graduated my friends brag getting $100k jobs in Tech at SF. I went to D at 70 in a LCOL. SF has about a 2-2.5x COL compared to where I lived and it showed when all of them had to have several roommates and live in a shoebox comparatively. Same with groceries/insurances/gas it adds up quick.
You have to look at it not as a pay cut, but what "level" of lifestyle you can afford. In NJ, $180K is probably enough to live in some of the more expensive areas. COL calculators tell you that you'd need $380k to live that way (comfortably live in a more expensive area, go out to eat, save, etc. at the same level) in Manhattan. The best way to figure out what you actually need for an equivalent lifestyle is to look at housing prices in the area you'd be moving to. Calculate what percentage of your income you currently spend on housing and then figure out what income you'd need to maintain (or improve) that ratio based on the new area's housing prices. Other things will be more expensive too (like food and transport) but housing will be by far the best indicator of your current and future COL.
I'd be wary of those COL calculators. They are aggregated at such a high level it is almost meaningless other than telling you Manhattan is more expensive than NJ, generally speaking.
But a lot of it will come down to your personal situation. I would create a budget to see what you can afford in NJ vs what you can in Manhattan and determine how much you need to maintain the same lifestyle.
Like for a single renter, the difference between someone in Jersey City and Manhattan is not $200k.
Or was the range off? The role I’m technically looking at is based out of LIC.
If you are planning to live in Manhattan, of course it is much more expensive. Just look at housing. But depends also if you are planning to move there or just commute? If you live in Jersey City or so I'm guessing not. If you live in a single family home in a suburb area of NJ, then yes of course it is going to be very expensive to replicate in Manhattan.