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Bain & Company Hi Fishes, Engineer+MBA here. Background in software and tech research. Is it possible for me to get crack MBBs and get into consulting?Suggestions are welcome. Anyone who made a similar transition can share their advice as well. McKinsey & Company Bain & Company Boston Consulting Group
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I wanted a suggestion from you all guys, I have given interview of PS and got a call for offer after interview and I denied the offer as I have received an offer from some other company, I denied coz I was not doing offer shopping or piling offers, he tried to convince me and when I didn't get convinced he said to blacklist me from PS. What to do?
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There is no target bonus and no set annual increases - everything depends on your performance.
I just got 80% bonus last year as a principal with a good year. As a junior consultant I’d rather expect something closer to 10-20%.
Increases can easily reach 30% especially around mid level. Or zero if you are hired above level and can’t perform on that level (which does happen fairly frequently)
401k has a match up to 6% I believe. Health’s te is meh. Stock ownership is restricted if you are hired into a industry practice, e.g. if you work in FS you can’t hold individual bank stocks
Good luck!
Pro
To add to OW4’s great explanation, the firm performance is a multiplier on the TC numbers. So if it’s +5% for a year that 200k becomes 210, then you still subtract the 125k as that’s the base you were paid. So your bonus becomes 85k.
So in percentage terms it’s 75/125 = 60% in OW4’s scenario. Or 85/125 = 68% if you then factor in a +5% multiplier as in my scenario.