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Im not searching for a new job but an acquaintance reached out about a similar role at a similar energy company.Turns out 2 ppl threw my name in the hat. I looked into it and the position was posted 2 weeks ago.Their director wants to meet.I bet pay is one of the first things to be discussed so that no one’s time is wasted.Am I crazy for not wanting to entertain it for less than 20-25% base pay increase?Is it selfish to ask for more? I’m sure most salary conversations end in negotiation anyways?
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Hows the WLB of AM at Deloitte USI?
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Negotiating with EY for M/SM Tech Consulting. I have 15 years experience, skills are in demand and my interviews went extremely well. 1. What are the salary ranges for M and SM in NYC. 2. I am told it is only going to be a M now, for my own benefit-no EY network means failure at selling. Whats the highest salary I can negotiate at M. Any other tips will be handy. I have "sold" (support on sales & new roles through relationships) plus I have solid delivery experience. I really want SM 😀😀😀 EY
Does Deloitte generally pay well?
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It happened! I received a verbal offer for $110k base with 10% bonus for my consulting exit and my current role bumped me to $120k base with a similar bonus structure. I’m really hoping the new employer will consider bumping my base up to match (or close) and get it in writing. Any tips?
PTO is the same, I’ll actually get sick time (I just have to work through it now), health insurance is slightly worse, I’ll be working much fewer hours.
This sounds like an awful idea. They’re taking the rug from beneath you. In actuality, you have no idea what kind of culture, WLB, and manager(s) relationship will be. Jumping to lower pay with potentially worse prospects sounds awful. The only thing you can really control is your pay, so make it count.
When I went back into consulting, I said I wouldn’t come back unless it was for $$$$$ because of the number of unknowns. You should take the same approach but maybe just $$$$.
Following up here!
I got them to match base comp and their bonus structure is actually stronger so TC is higher.
It’s 10-30 hours less per week (they do 30-40 hour weeks according to former colleagues who moved there, I currently do 50-70/weekly).
I also already met all of the management and got to interview the teams, feeling great about those relationships.
I’m excited to exit! Time for a break from consulting.
If/when you get the offer, tell them it is less than you currently make, and you want $X salary to make the offer worth accepting.
2yoe consulting + 7yoe in industry should put you in top-paid SC or mid-M payband (assuming those 7yoe are relevant to your consulting job).
I’d take your expected salary (post-raise), add 15-20%, and use that number as your target base comp at the new firm
Now, today’s market has become pretty tight, so maybe you get a counter in the +10-15% range. In which case, you need to evaluate if the new job has non-monetary benefits to make the jump worth it (eg, better WLB, more interesting work, etc). The key is that when jumping firms, you lose intangible value like your network and promotion momentum. So a raise to jump firms is very customary to make up for that.
Good luck