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Haha that’s a great way to say “yes, more than safe to assume a drastic pay cut."
@SL1 - interesting info, but you haven’t answered my question. Based on glassdoor, practice lead compensation runs around $160k plus $40k bonus...$200k all in. I’m hoping that’s incorrect as that’s a decent sized drop in comp from all the other firms at the SRMGR / Director level.
To give you some additional data points, I make $225 salary plus another ~$25k in bonus. This is as a second year director. Industry offers I’ve declined thus far are at Director level at Fortune 500 without a drop off in compensation.
Given path to partnership is still viable ($20M team sales, $4M lead director sales, $5M managed revenue), I’m not looking seriously, but want to learn about available options better.
If I truly had to take a $50k cut to join Slalom, it clearly wouldn’t be an option for me. If travel was the main reason I wanted to leave consulting, there are roles out there with similar comp. this is assuming you have the track record of success to garner the offers.
I suppose if you can’t garner the offers, don’t have a path to partner, then slalom practice lead can be an awful backup plan.
I need more info Tops out at $180-200K for what level?
Hey OP - location doesn’t seem to play a huge factor for salary ranges at the D level at KPMG. Salary ranges seem to be 200-275 for management consulting (excluding strategy...they seem to make more). I came over from EY and ranges seemed similar for their version, performance improvement, albeit slightly lower (180-250 range for salary).
Which firm are you at and what’s the ranges over there?
@OP 180-250 base plus bonus which is in the 10-30% range
But if acquiring 8% more wealth is the top priority for you, Slalom probably isn't a good culture fit for you.
Sounds terrible. I can stay local even at Deloitte so not sure what the advantage is.
Your recruiters have been HOUNDING me but failed to mention this important tidbit. Loll!
Right....tops out at 200k at what level?
Why is slalom so eager to NOT have anyone join? All legit questions being asked here on pay!
WTF is the ‘kool aid’ besides local engagements and no travel? Slalom seems like a body shop to me. The only ‘culture’ I see at Slalom is getting paid under market value for consulting work
Practice lead makes 220-245 all in??? That’s what a (Senior) Manager makes at Deloitte. Sorry dude, that’s more than a 15% difference
D1, I’m at Accenture and our ranges are huge lol I’ve seen as low as 150 and as high as 260. Cash bonuses tend to range 15%-25%, and RSU grants are $18K
No? Depends on city and role. However, there is a lot more about Slalom than comp. Most people that have taken a cut to come here have expressed that it's worth the trade off.
I mean, taking a cut to stay local isn’t the worst thing... but I’ve heard Slalom top pay is around 150 in a “normal” CoL city
Wait, what?! What do you mean Slalom tops out at 150K? Lol
Slalom comp does not top out at 150k. Base salary tops out somewhere around 180-200k based on location and role, but bonus targets continue to grow throughout your career.
It’s a different model, you can be admitted to the equity incentive plan which supplements whatever you are making from your base and bonus. That said the notion of comp maxing out is stupid; it’s not like the GM of a 300 person office is making $150k
It does NOT top out at 200k. Trust me. However, it is a different business model, and one that includes equity opportunity at all levels. Get all the details first. And don't trust what you hear on here (including me, I suppose).
But please, call that recruiter back and pass on the opportunity. Slalom is definitely not made for some people.
Is the “practice lead@ role at slalom equivalent to senior manager (EY/Deloitte) or Director (KPMG / PWC)? If so, what’s that range for that level?