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Hi All, My sister has done Computer Science engineering Bachelor degree and has 5 years of work experience in India. She is applying for MBA at https://www.kenan-flagler.unc.edu/programs/mba/full-time-mba/ and https://kelley.iu.edu/programs/full-time-mba/academics/majors-minors/marketing.html. Her overall goal is to get into Software Product management. Any suggestions if any of these MBA’s can open path in the desired space or if she is better of doing an MS in Comp engg. to further develop deeper Technology skills. Thanks
(I have recently joined IQVIA bangalore. I will receive my first month salary on 25th this month. Payroll portal got just created for me. So, I opened.)
In my reports -> My current CTC section. It has details of Current annual & Monthly AGS. My question is what is AGS? It is showing half of my CTC. Should I raise this to HR or it is just something else. And where can we get the actual CTC reflection? Pls help. Thanks in advance.
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CSM or PSM 1?
Chief
Happy long weekend y’all.
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The annualized inflation rate for 2022 was 4.9% so your 3% raise actually translates to a 1.9% cut in purchasing power.
In the long run inflation averages to about 2.5%, so your net increase is immaterial.
Thanks. Going to check this out to expand my perspective
My total comp went up 75% in the three years since I left Slalom.
The answer is no. 150 is good, but I'm trying to get to 400k with w2 + passive income. The more W2 money I make, the more investment properties I can buy, which will help me get freedom from the rat race. I am currently making around 10k a month from real estate.
I'm im SC. 13 doors. Small multifamily primarily.
Leave slalom. Spent 10 years there. Merits and bonuses are terrible. The only way you get ahead there is through equity (got in late myself) it’s honestly not worth sticking it out.
Don’t sell yourself short. I went from making what you’re making to double in industry.
Leaving to any non-Consulting firm/company
It continues to amaze me that folks believe the Slalom path is comparable to big firms and Slalom somehow has something figured out nobody else does.
When you join a Slalom or any of the firms in this bracket (Point B, West Monroe, North Highland, Jabian, etc.), you’re sacrificing future cashflows and career trajectory for work life balance and probably set on a staff augmentation route. None of this should be surprising. Not saying any of these firms are bad but be aware what you’re signing up for.
I have never seen Slalom in the market.
You must be single or in VLCOL because that raise is going to get to you pretty fast my friend
+4500 a year is ballpark less than 200 a month after taxes in NY or CA after health insurance 401k etc…
When I hit 185, I became complacent with marginal pay increases. It’s trap tho. Test the market periodically and make sure you’re paid what you’re worth. You will find most times you’re doing as well or better than most jobs. Goat should be to move for promo opps for a significant bump. At this pay range u tend to cap out quickly.
Does slalom only give 3% raises? That seems low for the industry.
I usually get more than 3%, but with the economy I’m expecting max 3%… likely less, but even at 3%, a $4,500 raise seems great (for additional context, my mortgage is only $1,100 so I have a very manageable lifestyle expense
Don’t forget about the glass ceiling. Once you get around 155 as a senior consultant the raises are less than 3% at times. Last year for myself it was just slightly above 3% but the other years it was more around 1-1.5%
— edit: before I hit the ceiling I was getting 4-5% every year
Is slalom a T2? Comparable to big 4 consulting? 3% feels low for strategy consulting…I’d expect closer to 5-10% even if flatlined in level
Now imagine a 3% raise at 300k
It will only take my 24 years to compound at 3% annually to reach 300k. lol… but on the real, yes 3% at 300k would be a dream come true w 9,000 annual raise
If I were to ask for a base comp raise for 2024 what % should I ask for due to inflation? 4%?
I think it just depends on what you’re optimizing for. If a person is optimizing for money only, the raises probably wouldn’t be enough since they could sacrifice more time for money. If a person is optimizing for other things like freedom with their schedule, more time with family, etc., then I can see why 150k would be comfortable. With that said, don’t sell yourself short.
Sounds like you hit it, chief
3% is not a lot. Is that the max? Meaning, you can receive 0-3%? If that is the case, you are not guaranteed 3%, it is just what you are working toward. Are you raises based off of company performance as you would need to take that into consideration as well?