Is it fair to say that larger companies pay less than boutique firms or smaller firms? I think that’s fair to say that and that this is mostly due to the fact that larger companies generally have more prestigious well-known brand names and can get away with not paying employees as much. Any insights and thoughts are appreciated here.

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No. There might be a few odd companies (e.g., Centerview partners in IB) that pay more than the big names, but the combination of pay + progression + exit opps means you’ll come out on top in terms of $ working for bigger firms than smaller ones 95% of the time.

That 5% is really only for partner/MD level folks who’ve been poached because of their client books, and in some cases where you’re given equity (e.g., in a tech startup) - but that’s contingent on the company ending up successful which isn’t really common.

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It varies, I’ve been in contact with many recruiters and there isn’t much of a pattern based on size alone - I have seen some boutiques pay laughably low salaries, while some far exceed the large firms.

I have noticed that specialty matters a lot. Regardless of the specific role you’re applying for (PM or engineer), more specialized firms (for example, only Cybersecurity) pay more than firms with broader or more generalized scopes. This isn’t always true, but most of the time.

Well, they are prestigious and sort after , because they pay well. They pay well because they earn higher margins. Prestige is a nonsensical concept in a white collar job, sane people want to join a firm because of comp potential.

NASA is prestigious but they don’t pay as well as SpaceX. So there is a choice there. In consulting that doesn’t exist. You think people join McKinsey over a boutique because of opioid crisis ?

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