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After Appraisal, company haven't shared updated offer letter (with new salary), it's been 2+ months now.
If I start searching for new job, will that HR ask about recent offer letter? Or only salary slips are enough?
P. S. Current company didn't share updated offer letter to any employee (in fear that employees will switch 😅) Accenture Tata Consultancy Capgemini Deloitte ZS Associates Fractal Tiger Analytics Deloitte USI
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I am Chartered accountant with 3 years post qualification experience in assurance global audit from big 4 working for canada. I am getting a CTC of 13.80LPA fixed and variable 1.48 LPA. Is this enough or should I ask for a hike..EY Deloitte KPMG PwC . I am not seeing any notification on the coming hike..
Anyone know the raise amounts for BCG yet?
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Happy 2017 everyone!! How's everyone feeling?
Omega or Tag? Please advise.
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Any guys in LA?
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What’s BCG digital ventures comp model like?
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Consulting attracts mediocre but ambitious people while tech it’s the opposite. Finance attracts a certain type that knows its mind and quest for money early on. Rest of us muddle through all this.
You are optimizing for the wrong variable- Money. Where will you be happiest? What do you really want to do?
Would you be happiest working on latest Tech at Amazon or being productive by building stuff at Apple and making your dent in the products? Or are you happy getting business for your consulting company who will deliver slides with recommendations to your client?
Exactly why I am unhappy in consulting
B4 partnership is not a cake walk
I agree. I was a SM at b4 land made a switch to FAANG few years back. Comp is better, but nowhere comparable to B4 partners.
True provided you can sustain
And yet most of the partners I’ve worked with I consider incompetent in many ways.
Would agree. They are sales people, and that type is notorious for poor management/leadership skill.
You’re forgetting the part where you have to spend the majority of your time living in hotels and selling to people. For a lot of folks, that doesn’t sound appealing enough to make up the difference. At a certain point I’d rather just make great money with decent free time vs top tier money and no free time
Doubt pension makes B4 better. MBB and T2 partners make like $2-3M+
Even at $1M it’s tough to imagine pension nets out. That’s $400k/yr now vs. whatever pension is 30 years from now
Finance pays the most in the long run.
It’s not necessarily that they won’t promote you, it’s more that you are less incentivized to go down that track
FAANG L7 in technical ladders make that much or more. Not sure if it's harder to be a B4 partner or a L7 engineer though
Are you at Amazon? I’m L5 in product at a different FAANG and make more than principal at BCG. All L7’s (there’s quite a few) make $700-800k (as ICs). The management track has additional comp and directors make $1m easy.
L6/L7 product experience also opens up opportunities for exec level roles at high growth startups which provide significantly more upside than a B4 partner.
Makes sense.. and I get that WLB matters. But in today’s world everything is remote..and I suspect things will change for good in regards to m to f travel after COVID is behind us.
I think that could be tough with consulting which tends to work with industry laggards and those that need help changing. I would expect most consulting clients to mostly go back to the way things were before
Advisory junior partners are like $500-600, and the more senior ones $600+ and probably average of $750ish. You should compare this with TC for non-consulting.
I think time value money needs to be taken into account. I generally agree with the statements and have traditionally/generally said that the partnership at B4 is more meant to be for entirety of career and MBB not. I’m not fully sure of the career progression at FANG companies, but I suspect it tops out unless you really crush it. For me, I left EY as a junior SM and am not looking back from a comp stand point as I think by the time I would have made parter(which I feel I was trending towards but there’s never a guarantee), I would have made way more working in the space I am now. Ultimately partner salary would lap me unless I make it to the c suite, but I honestly like my chances in the middle market companies that I’ve enjoyed working. I also think the TVM argument works for other firms and industries just need to know what’s important to folks. Just my 2 cents though
Number wise maybe, but what's the wlb? Every b4 partner I know barely has time for vacation. I'd rather make a little less via salary, invest better for passive income, and vacation when I want.