{ "media_type": "text", "post_content": "Strategy Consultant - Currently making $175 base as a 3yr Sr. Mngr. Very happy w my current firm, however I’v had multiple recruiters reach out w/ 200+ base roles. Any advice on how to negotiate a raise at the current firm without burning any bridges? Do I need to have a counter offer in my back pocket?", "post_id": "61a507305677e90038c79c71", "reply_count": 3, "vote_count": 2, "bowl_id": "58f0df008ad7250010f8c590", "bowl_name": "Compensation" }

Strategy Consultant - Currently making $175 base as a 3yr Sr. Mngr. Very happy w my current firm, however I’v had multiple recruiters reach out w/ 200+ base roles. Any advice on how to negotiate a raise at the current firm without burning any bridges? Do I need to have a counter offer in my back pocket?

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You won’t burn any bridges, negotiating is healthy. Reiterate you like it where you are but market pay is xyz.

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Our first year SMs make 250 base with a minimum total comp of 300. Easiest option imo is to leave firms and wait for them to make a counter offer

You could go to your leadership and say, here’s the value that I’ve been bringing and I know the market values my level of at xyz. I want to grow with this firm, how can we reassess my comp to be more in line? You don’t need to bring in a competing offer if you don’t want to. The above sounds less like an ultimatum. It’s a hot market, so you have more leverage. Keep interviewing though, if your firm won’t reassess your comp then they shouldn’t surprised if you are lured away. FYI I’m 3rd year Director/SM and have base at $225 and TC of $250 this year. Im smack in the middle of our official comp band but also know that our firm pays on the low end overall.

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