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Hi fishes! I had asked for benefits other than CTC which Bank of America provides & now that I've completed 1 month here, here's the list of allowances you'll be getting irrespective of position/band:
1. Sodexo: 1300 p.m./ 15,600 p.a.
2. Transport allowance: 900 one way, 1800 two ways p.m./ 21,600 p.a.
3. Internet: 1500 max p.m. (other than that, one time installation charges)
4. Tuition fee: Any certification related to your field. Like CFA, FRM etc. 3,00,000 p.a.
(See Comments)
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I made $150k my first year as SM (two years ago). I’m homegrown though, so I’d expect an experienced hire to land in the ballpark you state. Important clarification - I’m in our Consulting business.
And since when did these firms compensate us more just because traveling is part of the job? Lol
I have seen people flying 4 days a week and earning 90k . so I guess there is no correlation as such
must've been nice makin 90 as an analyst
Dependent on practice. Our first year Strat SMs make $215k base salary, other areas will be less.
I've also never seen a consulting firm pay you more just because you travel
Can you share expected bonus % for first year SM in strategy?
Accenture salary is less than the big 4. Unless you have very special skills they pay peanuts. I started there. in 3 years at EY I doubled my Accenture salary. it's hard to leave the big 4 to go there. everything is lower (bonuses, salary...etc)
A2 got it right
Yeah, I’m trying to make SM this year and don’t expect I’ll land anywhere close to your bottom number.
$160k is my guess.
In very similar boat and been feeling like it’s low Any luck negotiating? Singing bonus being offered? Location?
It completely depends on what group you’re interviewing for. It’s low for some groups and high for others.
Consulting Services, Talent and Organization
sounds about right for this practice
Are you in OTT now?