Related Posts
Hi Fishes, Pls help,
YOE: 13 yrs
Cctc: 13 lpa
Have cleared HCL interview. Initially they offered 23 lpa (via proposed offer letter), but i requested to reconsider it for 25 lpa.
After 5 days, they sent final offer letter of 19 lpa (stating they can offer max 50% as per L4 approval).
Queries:
1. Is this normal or rare case, reducing the offer amount from what quoted initially?
2. Should I accept or negotiate?
I don't have any other offer as of now.
HCL Technologies
Salary range of Associate Consultant in KPMG?
Pro
More Posts
Omega or Tag? Please advise.
Rising Star
Anyone here ever been to RCA? Is it worth it ?
Who’s your celebrity crush? 😍
Please like 11 to open dms.
Additional Posts in Consulting
Chief
Who’s running diligence for this TikTok deal?
Can we cut down on this WWIII hype already?
This job is miserable without travel.
It’s time for me to move on from my back office/CBS job at EY. I’ve been able to get through to recruiter and hiring manager screening round with FAANG employers and some tech companies but never beyond that. How can I differentiate myself when I’m probably also up against our client facing colleagues in consulting. I have about 12 years experience (7 at EY doing the same thing).
New to Fishbowl?
unlock all discussions on Fishbowl.
Fake news
They also get to eat all of the chocolate ice cream they want.
Huh? There isn't even an "Associate Consultant" role at Deloitte.
Thank u D5, that makes sense. Rest of u guys are useless ; )
It sure is for real! And that's right out of B-school! Just imagine the value you'll command with 2 years of work experience! A million? A billion??? 😜
🦄👽🎅🏿
Nope
The numbers you might find that support those numbers on sites like management consulted are actually spread over a number of years. For example, a package like that might be supported by things like sign on bonus, relocation, early acceptance incentive, tuition reimbursement, and year end bonuses. In actuality, the sign on bonus/relocation/early acceptance incentive are split in half - one installment at acceptance (usually at the beginning of MBA year 2), one during the first month after starting. Similarly, tuition reimbursements are received in two installments after year 1 and 2. In summary, the numbers can add up, but are spread over the course of 3 years (MBA year 2, and the first two years of working) so no single year actually reaches the total numbers in your question.
The title you're looking for is Senior Consultant OP
Kpmg1, u are concluded to be as useless as your firm.
Lol what
Post MBA GSAP SC here. I wish. Or I'm getting f'd. Only way to make numbers like that would be if you include your total benefit (aka MBA reimbursement). Yah debt. Sigh...
If I add the tuition reimbursement (gross) to my fu salary and then add the potential bonuses, it@ ends up being more like 280
Kind of. So they get a signing of around 50 if they sign early, plus base of 140 k min, + bonus which is another 20k and then they get one years tuition taxed so around 35/40? Total comp first year back then would be around 250k range
@dd2 and @D7
Base (~$140) + Signing Bonus ($20k) + Early Signing bonus ($20k, if you sign before some date in summer, Aug?) + GSAPer bonus ($10k, only available to GSAPer) + Tuition Reimbursement* (really spread over 2 years, with 50% tuition - not housing, books etc - paid end of each year...*which is taxed) + 50% of any scholarship received at school. <> Thus, year 1, if you went to Fuqua with $65k/yr tuition, you'd get essentially $255k, less taxes and loans year 1. <> Then Year 2, assuming conservative 5% base raise and 10% bonus you'd get $147k + $14k + $65k = $226k, less taxes, less loans (FML). <> Year 3 assuming same, then $161k + $15k = $177k and hopefully the first time you are debt free because you've been dumping everything into loans. Right?
Yeah DD1, that's fair
@D4 - does the 140-145K number for post GSAP folks include bonus or is strictly base?
Good for u A2!
It's the standard Fy MBA for us
This is the equivalent of Tiger Woods blowing refusing a breathalyzer