{ "media_type": "text", "post_content": "Opinion: firms without lockstep comp advertise it as a benefit (\"we reward merit!\"), but actually do it so they don't have to broadcast that no one gets as much a raise as those with lockstep raises.", "post_id": "5de989d16060880021ed00bc", "reply_count": 8, "vote_count": 12, "bowl_id": "552d1d24dc1c586b09d2d052", "bowl_name": "Law" }

Opinion: firms without lockstep comp advertise it as a benefit ("we reward merit!"), but actually do it so they don't have to broadcast that no one gets as much a raise as those with lockstep raises.

like
Posting as :
works at
You are currently posting as works at

I think that is probably true in some instances but not universal. My firm is not lock step and I (happily) know from personal experience that top performing associates that get top raises each year make out better.

like

Not Jones Day :)

Exactly.

I’m a former Jones Day associate and this is accurate.

Several JD associates make above lockstep rates, too.

I meant several make more than lockstep + bonus at other firms. Not many, but a few in every class.

Related Posts

Not sure how consulting firms expect to retain talent out of undergrad if they barely raise pay. Left consulting after 1 year, end of 2nd year and I’m at 180k comp now with friends at D and PWC barely hitting 85. I know seniors at D not even making 100k

likefunnyhelpful

Someone in an HR session asked how Diversity and Inclusion retention/promotion efforts could negatively impact people who aren't "diverse." That's a bad look bruh.

like

If your on a day rate and answer some slacks over a weekend you bill right? Like reviewing edits etc.

like

Anything I should keep in mind when considering jumping from consulting to an SaaS startup? Outside of comp

likesmart

Can anyone tell me about vizient? Didn’t really know much about them but they’re offering me 33% raise in base from 150 to 200. Just randomly applied a few weeks back.

like

If my director said I would be rated a 1 as a 2nd year, does that mean I should expect a promotion to senior come May? Not sure if you can be rated a 1 and not promoted.

like

Can’t wait for excuse #2292928272 as to why I’m not getting a promotion that I was promised months ago...

Ok, got my promotion, time to jump!!

like

I have had 3 bosses in my 2.5 years at my agency with a 6 month gap of no boss. No one is looking out for me and my promotion I have been promised. I have a meeting with HR. Help! What do I say?

likeuplifting

I’ve been seeing that VP-level comp is very hard to reach. Where do most end up after a few years if not in PE?

like

Chances of an early promotion as a first year CbDer?

like

Switching from consulting to PE, what should I expect in terms of salary (and potential future earnings) and WLB? Currently an Associate at MBB, and I have startup/tech background. I was approached by a headhunter about this opportunity and I'm super interested, however, would like to know more to see if it's worth it. Thank you!

like

Best ways to raise $10mil in new assets?

like

Hottest topic these days is salary. Let’s start a thread with level, firm and base salary. I’ll start. EY, SM, 125 (likely underpaid)

like

When do A&M folks usually find out what their exact bonus is? The week of 11/30?

like

"Don't raise your voice. Improve your argument."

like

Doing the happy dance! 💃🏽 Got a promotion and a 5 rating! I'm home for the weekend. Life is especially good today and blessed overall!!! Also lowering my expectations for next year! :-|| :)

like

When will we see our PBB and promotion bonuses in our accounts?

like

What should I ask for as salary for Accenture strategy consultant? ~2 years experience. NYC

like

Hi folks.. just wanted to know the levels of promotion and progression in ey gds wfa. I joined as senior consultant. How will my advancements to next level would look like. Also, how about the hikes...??

like

Additional Posts

Anyone have experience at 98point6 or CVS Health as a data scientist? Would appreciate to hear about culture, wlb, type of data science/ml being done. Thanks!!

like

Has anyone successfully gotten MQD + MQS/MQMs retroactively applied to your Delta account when booking flights for your SO to join you on a trip? Doing Delta status challenge & curious if this works.

like

How to go from ERS advisory into Deloitte consulting without an MBA

like

Pro se plaintiff, an attorney, filed a complaint alleging mold defects after closing on a property. Client, layperson, may have agreed orally to a settlement amount without proof of damages prior to filing appearance and obtaining an attorney. Client filed appearance pro se, then plaintiff sent over a draft settlement agreement few weeks later which client didn’t sign. Client then got an attorney, filed answer, etc. Can this oral agreement be voided for coercion, indefinite mat’l term, etc?

like
like

Just got staffed on a project in Seattle - thoughts, insight? Things to do, places to see and eat?

like

Have you ever had a partner call you stupid? He used delicate wording but smiled when I asked if he was calling me stupid. He then strongly insinuated I lied my way thru interviews. I am looking for a

likehelpful

Not sure how consulting firms expect to retain talent out of undergrad if they barely raise pay. Left consulting after 1 year, end of 2nd year and I’m at 180k comp now with friends at D and PWC barely hitting 85. I know seniors at D not even making 100k

likefunnyhelpful

What are some gift ideas for a 2nd time mom / 2nd baby?

like

Is an executive mba better than no mba at all?

like

MBB Partner, Big 4 Partner, FAANG PM, FAANG SWE, who makes the most?

likefunny

Answered a client email at 5am today even though I rolled off yesterday. You won't last in consulting unless you find satisfaction in helping truly deserving clients. #dedication

like

Someone in an HR session asked how Diversity and Inclusion retention/promotion efforts could negatively impact people who aren't "diverse." That's a bad look bruh.

like

Due to social distancing rules, when the kids come into school in the morning, they have to immediately report to their classrooms. I get it, but I also don't have time to entertain them as I'm prepping for class. What can I do to keep them busy?

like

How do you turn in your lesson plans?

like

📊 Poll: If you sense you're going to get fired soon, should you just quit?

like

I am a level 3 counselling student. Please note that means their are limitations to my work, there is a supervisor to support me. I was wondering if anyone would like to meet via zoom for a 4-6 week session of 30 minute helping sessions? It's free, and it is confidential. I am a woman, 30, and obviously in advertising.

like

Maybe a dumb question, but why do PM roles seems to be the be all end all for post MBA roles in Tech compared to ops / strategy or other roles?

like

I honestly think I’ve developed PTSD from sitting still in the office for many hours everyday. Most days I feel panicked and stuck and can’t concentrate. Does this happen to you ? How do you deal?

likefunny

Hair idea for guys who can’t get to the barber! You can wear your hair confidently in ZOOM meetings with this look.

Post Photo
likefunny

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal