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What does comp look like for PE ops associates?
Wanted to highlight Prudential Financial’s hiring practices. They rescinded my offer once I attempted to negotiate the salary. The official reason given was that I didn’t “sound excited enough”.
They then admittedly gave the offer to someone who was less qualified. There were other red flags throughout the job offer process that the HR team should overall be ashamed of.
Hi All,
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> SAP Professionals
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If you find any job that interests you, feel free to Message here and i can refer you.
Key Perks :
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Job Location : Mumbai
Hike letter batch started.
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A BCG recruiter ghosted me after she reached out to schedule an interview. How long should I wait before following up? What is the common courtesy to give to ppl at BCG. I don’t wanna come off as too aggressive but I really need to get this interview set as there are other pending confirmations Boston Consulting Group
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Thoughts on this Strategy& all hands call?
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Rising Star
How do you know profits are? In reality the market has fluctuated the market was super hot 10 months ago and could have gotten a raise, but now it’s trending down so you may have timed it wrong. Also, maybe it’s on par for the positions you’re applying for or your skillet or interviewing abilities
Rising Star
What firm?
When your salary was increasing much faster than inflation and the government was handing out free money did you complain that you were being paid too much?
It depends how much you earn. I’ve only been out of uni for two years, so I’m not earning much (plus UK salaries are a lot lower than US). But you pay 40% tax on earnings above £50k and 45% above £150k.
Your comp is a function of the labor market.
Not firm profitability.
If you want your comp to be a function of profitability, become a partner.
Think about it this way - your wage is not the only inflation your firm needs to counter . Every expense is increasing as well . With 13% bill rate increase they probably managed to stay flat on GP
Rising Star
You can expect whatever you want. But in a capitalist system all that matters is what you can negotiate.
Which means on average the company always wins.
Pro
OP also assumes that firm utilization is the same as it was and didn’t have increasing overhead independent of inflation.
If I read this correctly, returns on capital exceed returns on labor.
Chief
Bill rate has nothing to do with your salary, or even the salaries in your org. There are a ton of line items on the other side of that equation, many of which you have zero visibility into.
Org and firm utilization, overhead, debt payments, growth expenses, tax hits, and so on. Lots of stuff that impacts pay.
Your pay rose 2.5%, but what was your total comp including bonus? Did that beat inflation?
Your bill rate has nothing to do with your salary. It’s to make up rising costs. And more recently companies are making record revenues but margins have not been great.
Companies look at total comp and not just raise/ bonus in isolation.
They’ve started to care less about inflation because many companies have provided an option for remote work. So just move to a cheaper city.
Another factor here- everyone’s bill rates weren’t increased proportionately. It’s easier to increase an analysts rate by 13% than a SM or partners rate, lower level roles are always higher margin. That increase as others have said helps offset all increase costs in the firm, not just you.
“2 years out of uni”
Talk to anyone that lived through previous recessions… the economy is cyclical, unfortunately… it’s been on an upswing since you were 10, you have not know bad times in your adult life.
I’m down times, everyone suffers a bit… not to say you can find a new job and get a decent raise, but if you want more than your current company is paying you… you need to take a risk. Your company is not just think about this year, it is trying to plan around future uncertainty.
Hmu for a referral
If you're feeling dissatisfied, you could try to switch jobs.