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Got offer from JPMorgan Chase , but variable pay percent was not mentioned in it. HR told it will be around 10-12% . Is it true? It's for VP/602/Commercial Banking? How much we variable pay will get annually? Can someone help as based on this only in have to decide whether, I can go with counter offer or not?
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McKinsey & Company McKinsey & Company been working here one year and received pretty positive feedback. Given the expectation for people of my tenure to transition to EM in a year or so, I can’t see myself staying due to the WLB as an EM. I’m 35 and have 2 young kids. Can it even be realistically done? Would love to stay but I don’t see a balance which would keep my family happy. What options do I have from there?
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Chief
Lol what? These aren’t even comparable levels
Lol exactly
A teen on tiktok shaking her 🍑 makes more than all those combined
Chief
I’ve been both an MBB and Big 4 partner, and the answer is it depends.
FAANG PM and SWE aren’t remotely comparable levels.
What service line in B4 and MBB and in what order?
This comparison doesn't make sense. For example, Partners and SWE's can end up with the same net worth by the time each is 30 something years old, but the SWE will likely have a much smoother ascent whereas the partner's comp trajectory will be more back-loaded. In most cases, SWE's can get by with doing less work, etc.
MBB partner for sure. Unless said SWE or PM is a very very high up in leadership of their FANNG (eg EVP)
Engineering doesn't work like non-technical careers where you need huge scope and manage a large team to justify high comp. More often it's more about expertise and specialization. For example, top ML PhDs with publications at top conferences can get 500k+ new grad TC even though they don't manage anyone.
Retirement
Big 4 partner
How much for PMs make? What is SWE
Software Engineer
Chief
Consulting partner comp can vary a lot.