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What will be in-hand salary pm...?
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Chief
I’m at a small boutique and am at 140 but work like 15 hours a week. 20% salary increase isn’t worth me working triple the amount I work now. A 300% salary increase, I’d definitely work 45 hours a week
The Accenture acquisition of umlaut just closed Oct 1st, to directly join their Industry X group.
Still seeing how this plays out.
Pro
It's worth it to get the big 4 brand on your resume.
I moved from a large IT firm to a Big 4 for ~25% more but with a title demotion. I don’t care because I make more money. My goal is not to climb the ladder but to provide for my family. I don’t care what I do as long as I’m paid the wage that I ask for. The moment I deem that I’m not fairly compensated, I start looking for a place that does. Companies need to realize that that if they want loyalty, they need to show some in return.
Well apparently based on the thread that blew up 100-105 is peasant pay and you should in order to stay afloat in life!!! **sarcasm people** 😂
I told my teammates that they should add “Tips are not expected but are greatly appreciated” in their signature and add in their Venmo, PayPal, zelle, etc. similar to the ones in Uber/Lyft cars.
I moved from consulting to industry (strategy at JPM), hours got worse.. I was doing 50 hours in consulting now I’m doing 60-70 in industry. Grass isn’t always greener on the other side
Ugh how terrible. Citi is flexible and transitioning to mostly remote outside of front office but even those folks are still flexible right now
I just did it, got a title increase, substantial pay bump and a bonus that is higher than I would’ve ever expected. I’m planning on trying it out for 2-3 years and see how it goes….
Care to share what firm you joined?
Yes, to be in a position to have good exit opportunities
But may not be applicable to everyone.
Chief
I did it, but only because the pay bump was ~$50k
I guess it depends on your experience and focus area. If you feel you have the necessary experience for an industry role, jump. If not, moving to a larger firm for a year may provide that experience, as well as a line on your resume stating you worked at so and so big box consulting firm.
This right here. I was working a small firm < 200 employees and while the people and work life balance were great there was just no opportunity for growth.
I just accepted a position at D and my goal is to work here for 2-3 years, secure the bag, and exit back to industry or a smaller firm again.
Best laid plans though, we’ll see how reality actually pans out
Chief
Yes. Use the market to get a pay increase. At PwC you have the option of virtual for at least a year and most likely indefinitely. You may work more hours but the 30% increase is most likely worth it.
I only work 40 hours right now, which is nice but I would gladly work more hours for an increase in pay. I’m not opposed to hard work but have hit a ceiling at my current company and won’t get a significant bump until SM which is likely 2-3 years away. What practice are you in at PwC?
Rising Star
B4 is considered 💩-tier here but it's still quite selective (cue the Harvard joke) so it could be a good stepping stone for many who aren't blessed enough to work for T1 or T2.
I work 30 hrs a week avg. life is good. I clear nearly 200k in TC. Life is so much more than constantly making moolah.
I agree. I think I would be comfortable at around $200-250 eventually. I think even 50-60 hours isn’t bad if you’re making ~$300k on track to make $500k+ as partner. What I hate seeing is people working 70 hour weeks to make like $180.. terrible
Rising Star
Boutique firm. Went from 100k to 150k at a boutique firm. Same senior associate position.
Rising Star
35- 40 hours a week. I log off around 5pm everyday. Friday’s at 4. At EY was working 60-65