I’ve seen lots of posts about needing 20-30% to move to another firm. Would you say the same for moving to industry or does the “being local” / other criteria offset the need for a high raise?

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Um, I'm happy for you that your comp goes up by 20% YOY but that's not typical. More like 3-6%

likefunny

^^agreed.
20% annually and the decision would be a no brainer

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Depends a lot on how happy you are with your firm

In my case, no way I wold move for 20/30% more. Doesn’t even pay risk of creating new network in a new company etc

I would only move if I get annoyed with my firm or if someone pays me 100/200% more. Otherwise, just wait 1 year and comp goes up by 20%...

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Bain

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20% is basically a promo year (at least at BCG), but comp does increase 10-20% per year of tenure, on average in MBB

helpful

For us it’s around 15%/yeas. Promotion years can be 25-35%

(This is all in. Base increases a lot in early years, but almost nothing later years - where’s it’s all about bonus)

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I am thinking so

Also at least for now i value all the pts and benefits of travel (i.egetting to see new cities and people) so if anything for me a no travel job would require more. Im sure ill get tired at some point though and in that case yes, probably willing to give away some % for same city industry job

How do you get 20% raise annually? I've only seen 10% raise here for high performers. Analyst raises were higher to account for lack of bonus.

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