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McKinsey & Company Bain & Company Hello, I received an offer as a Senior Practice Manager at Bain. The profit sharing range is 0-12% in the offer letter. Is it typical to receive the midpoint (6%)? Also, what do the annual salary increases typically look like? Any insights are much appreciated. Bain & Company Boston Consulting Group McKinsey & Company
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It's 700 not 70. You'll be fine assuming you can drive value.
I actually make it a point not to because I don’t want to get a job where I disappoint. I just exited consulting for a decent raise + very big upside, and one reason I got my current position was that during the interview I was very clear about what I did and did not know. They cited this as a reason for bringing me on-they appreciated the honesty but more importantly they were more confident that I was a fit than they were with other candidates. It helps that I actually am very competent /a high performer, so I still look good when being honest.
If you are worth it and can produce then pushed as high as you can. If nothing else it puts you in a higher position for your next job.
No way of knowing, but if you overstate your abilities to them, you could easily be laid off for not adding value commensurate with your compensation. If you are straightforward with them, then they know what you bring to the table and what that is worth to them.
EY1, I think everyone “overstates” their ability during interviews. That doesn’t mean I have lied, but of course I’ve done my best to sell my skill set.