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McKinsey & Company Any tested strategy to move from FDD/PMO profile to a strategy/consulting profile?
How would you bring that change to align yourself towards a strategy profile at a Manager level?
Are there any projects/internships that one can do to gain practical exposure ?
EY EY-Parthenon Kearney Strategy& Accenture McKinsey & Company
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It’s true that the best way to increase salary is by changing job not by waiting for promotion. There’s every possibility of a new hire negotiating a higher pay than the people already doing similar job. It’s known as salary inversion.
I think if you’re very sure that the new hire is getting more than you, you can request a pay review because you have mentioned that you like your clients and commute is seamless. So while leaving may be an advantage in terms of pay, you may likely pay more to commute when you work somewhere else.
Personally, I have always explored external markets to know what companies are willing to pay for my skills. Take interviews even if you’re not desperate. That will give you an idea of how much your skills worth out there. With this information, you can decide to ask for a pay review at your current job and if not accept, you can leave.
If the new person has the same level of experience and is doing the same job, why does it matter when they started at your company? It does not sound like a pay disparity if they are making the same as you. Just because they put their time in somewhere else, does not mean they did not put their time in.
So the value to the organization in terms of asset size is the same between the two of you and you’re upset that you’re compensated the same?
Yeah, that’s how it works.
Your options are to deal with it and get your portfolio or leave.
Do not try to do a direct comparison unless you want that cloud over you. How much they chose to pay that person is irrelevant unless there’s a measurable where you outperform.
Another way of looking at it is you may have better job security because of the lower cost and higher tenure.