PwC IFS

Recruiter said IFS comp is basically an inflation-level raise annually and bonus of 0-15%. Is that your experience? Afraid if I leave client side I’ll get 0% bonus and 1-2% raise

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More or less. Been at the firm about 5 years now and, besides my promotion from SA to Manager, my increases have been around 4-6% as a high performer. My bonuses have been around 6-8%. The increases aren’t great, but being part of IFS means working from home everyday. For me, that perk makes up for not so great increases and comparatively low bonuses.

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What function are you in?

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IFS is basically just like many industry jobs - small raises in non-promo years, big ones in promotion years. No cohort model (that’s just Advisory). I’ve seen bonuses between 7-18% since I moved from Advisory. So I think the information given is accurate but your concern for minuscule bonus is a bit overblown particularly if you can get 1 or 2 CRT ratings in the new role. My usual advice though to client service folks coming over is to not take a role where you take a base pay cut.

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Thank you. This is helpful

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Yearly raises are dependent on where you are in a salary band. If you’re under the mid-point, you’ll get more than 3% until you cross over the mid-point which is when you’ll start getting under 3%. Bonuses, however, are based on performance. High performing SM’s could get up to 15%.

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This is accurate. I always receive 2 percent raises.

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Did they say your salary will be unchanged from consulting? If your base $ are protected, then the bonus drop could still be made up through no travel and wlb.

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That’s good, go for it.

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I forgot to ask. What about 401k and wealth builder? Is that the same?

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What is the sabbatical eligibility? I am trying to get Director promo this year. Fingers crossed!

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My raises have been small (maybe 2-3%) and my bonus has been around 9% for the past two years since I switched to IFS. And I would be equivalent to a Tier 2 (there’s no official Tiers in IFS but everyone talks like there are.) It’s not terrible. I did also take a ~8% pay cut when I switched from advisory to IFS, but I wfh everyday and typically travel once a month for a few days. Overall, it’s worth it for me.

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Do most IFS work remotely?

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I do, and everyone in my IFS function (marketing) does, with a few exceptions. Being home 100% makes up for small raises and bonuses.

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