Related Posts
I am an MBA graduate with a secret clearance. I accepted an offer as a junior data scientist at Booz Allen Hamilton . I'll be doing the tech excellence data science program. Does anyone have any experience with this program? Do you get placed after the program is done? What happens when there is no project lined up? Also, how often do you get projects and how often are you on the bench?
Visual Storyteller
More Posts
Community Builder
Three days after SNL it’s gonna hit $5
Wipro
I am not happy with the salary offered by a company and I have already a much better offer from a different company. What should I do in this case?
1) straight way reject the offer of a company
2) accept the offer for now and reject it later.( In this case company will blacklist me).
What do u do?
Bowl Leader
Go
Congrats! What’s your background?
More of a data analytics/automation bg with everything from more upfront strategy to actual hands on implementation.
For others who have been in this situation, is it common to feel guilty about it? I am looped into multiple projects as a critical role and I am on track for an exceeds.
Coach
You need to put yourself first. You are always replaceable.
Do it
Subject Expert
Is this a bank or asset manager?
Subject Expert
Let me know if they are hiring for other roles.
60% of current salary?
Raise so 1.6x to be precise
Mentor
Oh, for 60% of your current salary?
No. Most non-IB roles I've seen at BBs come with around a ~40% increase in base from associate to VP plus whatever variable bonus range they have. That sounds like your base would still be less than what you'd have in 2 years if you stayed consulting. Discounting bonuses, at best you'd likely not make any real forward progress in comp till probably 3-4 years in at the earliest.
Is better WLB and benefits worth that kind of comp speed bump to you?
Hahah OP haha that’s pretty funny observation
Sounds like a WF deal to me!
For a 60% raise? Or 60% of current, so 40% cut?
If the former, go for it. No brainer.
If the latter- that’s a big pay cut. Consider how unhappy you really are.
Question for the group, incentive comp was verbally communicated but not in offer. Is that pretty standard? At my consulting firm I was basically given a % range.
For banks it’s completely variable and discretionary. If there’s a coronavirus downturn you won’t get shit.