Related Posts
36 / M / LA / 170k
Bowl Leader
How are the appraisals at Target ?
What‘s t he bonus structure look like at A&M？
Is HCL providing WFH setup cost to new joiners?
More Posts
Coach
Can someone kindly connect me with Investment Banking HR/Recruiter/anyone willing to help? My friend interviewed for Goldman Sachs NY. Cleared the HireVue but didn’t get any communication further. It’s been 4 weeks now. Although the referral came from a VO but the division is different. My friend is looking for Investment Banking division. Need to get in touch with someone from investment banking to push the resume. The rolling process is hurting the chances.Thank you Goldman Sachs
Pro
Additional Posts in Consulting
Guys there’s this boot camp that I came across that trains people to get jobs in Top consulting firms and has a fee plan wherein you pay once you get placed. I just wanted to know if someone here has any experience with this ?
https://docs.google.com/spreadsheets/d/e/2PACX-1vQuKa3k-rG3emxJcfbidCjC0Su85E_BKqW9cTeFZMY4xg4LnUVxOLrpcETqf7d-iEePlFh6lJ1knwwD/pubhtml
Where can I buy big four swag?
No way LaCroix is good for you...
Rising Star
Anyone ever heard of/worked with PPT Consulting?
New to Fishbowl?
unlock all discussions on Fishbowl.
Base is going to be low (I started at 80k). My bonuses as an SA ranged from 30k - 60k.
And what is the director salary/bonus?
@AM1. Thanks a ton for your response. You said you started at 80K. How many years does one stay at SA level typically and how much on an average would a SA would make at say yr3 and how much does a manager make in yr1. Sorry about these many questions. There isn’t good information on the internet!
OP its not socialism like Big 4. You perform you move up and if you dont you won't. I know of Directors in consulting practice that are very young (20s), but they are killers. It is actually a real performance based culture.
I heard first year Manager in PEPI can easily make upward of $240k+ on an average
Its doable as I know of a few SAs who hit $200k. All depends how busy the firm is and how many hours you want to put in
I meant, there isn’t good information specifically for PEPI
@P1. Can you clarify what your point is? I know directors in big4 in late 20s as well. And some that take 4-5yrs longer. But there usually tends to be some trend for SAs and Manager levels. Expecting A&M probably has some of sort of trend as well. Does it vary so much that it’s hard to give a average number? Also are you suggesting that all people at certain level (say SA), irrespective of #of years of working at firm tend to get same base? Wouldn’t it vary based on the number of raises they get per year and the number of years worked?
A&M of course has trends but on average an employee has a much better chance to outpace the trend. The trend is also not nearly as pronounced as a firm w an audit culture. They have salary bands so of course differences but much larger % of your comp is performance based. With 200+k employees makes sense you know late 20s Directors at PWC. If your good and like performance culture you will love it. If your not you will hate it. My experience
@P1. Thanks for the context. Can you provide any numbers at all?
I echo P1’s comments. The key with comp in PEPI is that it’s 100% performance based and utilizes a formula that takes into account your annual rating and your total annual collections (not billings). Essentially you get paid a % of your collections that’s determined by your rating. Therefore you base is largely irrelevant as it relates to total comp, as the balance is paid out as your bonus. This also means that your annual comp is highly variable year to year (I actually made less my first year as Manager vs the previous year as SA). I’ve averaged 3% raises in base YoY at each level, and I’ve seen people get promoted in 2 years and I’ve seen people stay at SA for 3-4 years. You should expect 30 - 60% of your total comp to be bonus, and those who hustle can do quite well in our group.