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Every slalom answer should start with.. it varies by office, but... when I started everyone was a consultant. Period. No internal rank at all. Comp varied, roles varied, what we listed on SOWs varied. But that was more than 5 years ago. Feedback was "we are having trouble recruiting people from other firms because they won't take a 'demotion'" so that has expanded to consultant, solution architect, solution principal/principal consultant, practice area lead, practice area director, managing director on the delivery side and client service lead, partner etc on the customer service side. And in general processes and whatnot are becoming more standardized and more normalized across the board.
Where ya ass was at Slalom?!
I know someone who joined as a principal
Solutions principal or principal consultant is equivalent to manager at big 4. Practice area lead is next step up. All in comp around 170-195k for SP/PAL depending on location
Um, that is not correct ^^ Solution Principal or Principal Consultant is high level SM, 1st year partner at big4. 90% of new hires are brought in at the consulting level. I know a lady who was a SM at ACN, went to be a Director at a boutique, and joined Slalom as a consultant. Practice Area Lead and Client Service Lead are lower level partner (2-4 yr partner, possibly with equity), and Practice Area Director and Client Service Partner is a high level partner with firm equity.
So what the base for consultants? Say I'm at 92k now as a senior associate with 2.5 yrs of experience?
Depends on office.. and practice.. basically figure 40% margin on 80% utilization, and what ever your bill rate is, that's your max pay rate essentially. If you are in San Fran and can bill out at $350/hr, or you are in Portland with an average rate of $180/hr you can have the same title with very different base salary.
Bill rate is currently $200. Hmmm
OP, if you can stay fully utilized at that rate, you should be able to get a more than descent bump
*decent
Wait. Slalom doesn't have standard base salary? You base salary varies with your utilization?
And number of years of prior experience too apparently
K doesn't have standard base salaries. Experienced hires always get paid more pretty sure that's the norm at most firms
Yeah. By standard base salary I meant a fixed base salary. But here it sounded like at slalom your base salary depends on your utilization. At other firms I believe your base salary is constant for that year but your bonus is affected by the utilization
The base is fixed, but at the end of the day they track your individual P&L. And to get a realistic idea of your comp it will be based on your rate, and expected util. And rate varies by office and practice. So there is not a standard rate for entry consultant. Util will impact bonus and if you are missing your margin limit what you will see in a raise. If you are over your margin the raises can be quite large. If you are hired in assuming a bill rate of 180, you end up convincing people you can be a key role, higher rate, say $200, the adjustment to get you to the right base is quick.
That's an interesting model