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Get the sentiment entirely and I definitely sympathize. However, you hit the nail on the head - higher billing rates for a generally different mix of work. There may be instances of cross-staffing, and we want to drive towards that as one firm, but as a whole, S& does different work and even on cross-staffed projects the team members do different work (I have been on a couple and have seen it firsthand).
"Eat what you kill" is in general how business works. In theory S& pay aligns to MBB. But look deeper into benefits and speed of promotion and there is a pretty significant delta; as you get to higher levels, MBB are certainly comped more. We do "the same work" (certainly more in common than with PwC TC, for instance). But guess what - they earn higher billing rates and thus command higher compensation.
So I'd propose that what really needs to change is PwC billing rates - charge higher, we all get paid more. :)
Recruited from different programs, generally higher ranked schools where students want to go work elsewhere. Interviewed against tougher competition. Held to a different standard, both during projects and year end reviews. Review pool is full of ambitious, overqualified colleagues so getting 1s takes a truly magnificent superstar. All in all, a significantly higher % of people at all levels leave, both voluntarily and forced. All of these for 5k additional base salary over someone who goes into MC out of MBA, maybe 10-20k more bonus during promo year, when you know the odds are stacked against you considering who you are competing against for the limited spots?
So many teams are now mixed. This isn't sustainable
Continues to breed the elitist culture that divides the firm. Agree.
Ok, so then your beef is not that S& salaries are much more than PwC, it's that MBA and non-MBA salaries at PwC are vastly different.
OP what's your background? Do you have a MBA from a top 20 school? I'm completely fine with S&O making more than I do. I have greater job security whereas they make more (and generally spend a shorter amount of time with the firm focused on a different skill set)
It's a different model with different skill sets. And you may not want to hear it, but the margins are way different. For us to be able to charge top rates we need to staff projects with top talent. If you believe your profile and background align with that, then by all means you should apply to move over to SC.
It's the going rate for high tier talent from top 15-ish MBA's. MBB all pay there, EY-Parthenon pay way more, even PwC MBA's are almost that high. It seems like your issue is more with how little non-MBA's M's get paid
Also keep in mind, S& utilization is based off a 50 hour week. So yes, there some overlap on projects, but over the course of a career, people in S& generally work more. The bill rates aren't nearly as different as people think. Rate cards are different, but after discounting the difference diminishes. I think S& is poorly run, but that's not a reflection of the 95% of their people who show up and work their asses off. That's on firm leadership.
This is how all Big 4 firms do it, and throwing the difference between S& in your original post is just stirring the pot.
P4, I'm not going to argue with you that S& leadership leaves something to be desired, but let's not pretend like they have any sort of autonomy. A big reason this integration is going poorly is that PwC leadership has continually tried to plaster its policies over S&. Trying to create a strategy firm when you are using models made for an audit firm is really playing with one hand behind the back.
90% of 1st year SA's in S& also have MBA's... which you're comparing to the non-MBA manager salary... it's apples to oranges just based on market rates and opportunity cost
I have an MBA from top 5 school and I was also offered to transition to S& at the end of the acquisition and declined. I don't think the difference in pay between S& and PwC MBA grid is significant. Although many S& SAs have MBAs there are many that do not. There's no justification that those entry seniors should make more than managers going up for director
OP, I believe your salary is higher than someone at the same level in the public sector. Do you think that's fair?
The bill rates, the engagement margins even after discounting are very different - based on what I work on in the eFIT tool. Not sure if a double digit difference is not that different?
You realize it was your genius leadership who forced that name, right?
S2, but is it justified if sometimes they still do the same work?
And yes we get cross staffed on projects as well
OP why don't you move over to S& or another firm? Differences in pay will always exist. I was a experienced hire from industry and making significantly more than my peers who started at D out of undergrad and are the same age and level. If you're unhappy with the salary then make a move
Free market - you are free to go wherever you want. S& bill high so they get pay higher. They also don't have a lot of projects cuz of their rate and stiff competitions thurs tons are getting laid off.
OP is a communist