New P&T salaries are extremely disappointing, why did the partners act like they were serious about adjusting the salaries to be competitive with the market of other tech roles?

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so no MAANG-like salaries…not even competitive with traditional consulting salaries? 😒

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The entire market study and the hype to match up MAANG was a total BS

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Hyping us up and even mentioning FAANG comp in our benchmarking was a complete mistake

It could never happen until/unless our digital products become MASSIVE hits (we are no where close to that right now)

And even then, without crazy stock options for incentives it will always be near impossible to hit similar “total compensation”

And I don’t think the partnership has it in them to pay that much for “staff”

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Completely agree.

We are brand new to this whole thing, and we are having early troubles selling our products “as a service” vs as a stand alone consulting engagement (because that’s how our consulting clients are used to engaging with us)

It will take time, and for a product or 2 to really HIT for one reason or another

Time will tell

Yep. I’m way below where I’d be if still in MC.

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That's fair

The hype in the messaging wasn’t helpful in that regard either….

Anyone who honestly thought they would match tech salaries is delusional; this is an accounting firm.

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That’s fine. Their messaging was still awful.

no way 😭 what do some of them look like? I have to wait until next week

What pillars / disciplines are you in?

I think if and when they did market survey, they just looked at base pay. The truth is, base pay is probably about 40% of the total comp at big tech companies whereas at pwc, your base pay is close to 85% of your total comp.

Yeah, they definitely said “we can never match stock options/appreciation” but they were looking at total comp between the FAANG/MAANG and us

Never thought it would be matched But regardless, seems needlessly hyped up and just set us all up for disappointment….

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