Imagine if consulting firms would start to offer stocks as well in TC. Big Tech vs Consulting would be a different ball game!

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Consulting doesn't scale like big tech

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Consulting doesn't bring in the revenue per employee nor do they need the level of skill that highly paid tech employees make

EY Newco will give out stock option

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We sold a business with $1b recurring rev for $2.2b. Equity isn’t worth anything in that valuation. Big tech will still win

To make up for the industries/companies we’re restricted from investing

Many firms offer stocks, not just big tech. That includes Accenture. So it’s not a foreign concept. The TCs are high because of the potential of stocks and not just because they get offered. If EY consulting wing’s stock can grow by a 1000% in next 10 years, we can have this conversation.

MBB as well as strategy pays well or on par with big tech. I wouldn’t club them with all consulting firms.

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