Consulting

I was under the assumption that consulting always had big hikes compared to industry. I see people getting a 3 percent increase annually. what am I missing? all industries get about a 3 percent hike

likeuplifting
Reaction Icon Like
Arrow Icon
works at

I've averaged 10% a year over the last 6 years (big 4) and will again this year. I'm not keeping up with MBB but it isn't bad compared to industry.

Reaction Icon Like
like
Arrow Icon

Pretty typical is ~6% annual increases

Reaction Icon Like
like
Arrow Icon

Depends on the following factors: bonus vs base, your rating, where you are in your pay band, and how well your firm is doing..

Reaction Icon Like
like
Arrow Icon

Industry-consulting will be converging more and more since more and more work is outsourced to consultants aka staff population shifts from industry to consulting firms. Just look at revenue/headcount growth of Big4 over the last 10 years. There is no magical formula that will make staff get more money for the same work just because they are in consulting and not in industry.

Reaction Icon Like
like
Arrow Icon

I’ve never gotten less than a 10% hike in consulting in the last 4 years. On the commercial side here. Op what firms and groups are you seeing this in?

Reaction Icon Like
like
Arrow Icon

Industry base increase is small but bonuses can be substantial (banks especially) so the package will still end up much higher than in consulting. Yearl bonus at the Big 4 I was in was a joke.. Enough for a movie ticket and popcorn

Reaction Icon Like
Arrow Icon

will I be stuck at my current salary forever 😭

Reaction Icon Like
Arrow Icon

No what’s your current level and comp?

Reaction Icon Like
Arrow Icon

Related Posts

Do you know a good photographer to capture my proposal on May 6th in New Orleans?

like
Reaction Icon Like
Arrow Icon

To the people I see running at 5am when I get my Monday morning Uber, I admire your dedication

like
Reaction Icon Like
Arrow Icon

Examples of pharma ads that acknowledge covid in TV?

like
Reaction Icon Like
Arrow Icon

Got reached out to for a 2 year contracting gig...hourly rate would be end up being significantly higher than salary but would lose job stability, benefits (assuming), etc Anyone done this before?

like
Reaction Icon Like
Arrow Icon

Really excited for these.

Post Photo
like
Reaction Icon Like
Arrow Icon

Someone in HR dropped the ball and didn’t run my background check so they have to push my start date back 5 weeks. What’s a professional way to ask for compensation for this inconvenience?

likefunny
Reaction Icon Like
Arrow Icon

Traveling to Denver area. Anyone down to go hiking over the weekend and grabbing some good food after wards.

like
Reaction Icon Like
Arrow Icon

Any insights or info about telework/remote 100% jobs at any of the big 4? Looking to apply. Doesn’t have to be client facing (and most likely not expecting it to be)

like
Reaction Icon Like
Arrow Icon

Any opinion on the Olay super bowl ad? The one with Sarah Michelle Gellar ?

like
Reaction Icon Like
Arrow Icon

Cool in house agencies in LA? Preferably that might be hiring...

like
Reaction Icon Like
Arrow Icon

The most dangerous people in the fight against racism are uninformed black people.

like
Reaction Icon Like
Arrow Icon

Happy 4th!!

Post Photo
likefunny
Reaction Icon Like
Arrow Icon

Where have all the Sr. Creative roles gone?

like
Reaction Icon Like
Arrow Icon

Saatchi LA vs Team One?

likehelpful
Reaction Icon Like
Arrow Icon

“I don’t remember the last time I ate a vegetable."

likefunny
Reaction Icon Like
Arrow Icon

Moncler or Canada goose? Debating whether getting one of those iconic shiny light puffer moncler jacket is worth it for a guy.

Reaction Icon Like
Arrow Icon

Any thoughts on CBIZ Phoenix from the collective group here?

like
Reaction Icon Like
Arrow Icon

Who can answer why you would not make a trust the beneficiary of an IRA? My clients attorney said they should.

likehelpful
Reaction Icon Like
Arrow Icon

How many brands are using "better together" as their taglines? Just saw two on the same break.

like
Reaction Icon Like
Arrow Icon

Hey ladies, need to vent. I finally got courage to go to therapy and got a referral. I found some therapists that I thought would be good, 15 calls later none are taking new patients. CONT.

like
Reaction Icon Like
Arrow Icon

Download the Fishbowl app

That was just a preview…
Sign Up to see all discussions
  • Discover what’s 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 with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Sign in here

Share

Embed this post

Copy and paste embed code on your site

Preview