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Deloitte question. I have always gotten a raise each year, the only question I ask is how much of a raise do I get. But Iām hearing from former Deloitte folks, it is naive to expect annual raises each year however small/big they are? And how does this play in Deloitte consulting vs advisory? Do one tend to withhold annual raises in base salary over the other, or is this just a deloitte culture thing? Looking at exit opportunities all over. So lmk! Iād Rather get a small raise than none at all.
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He said what needs to be said, and everyone else is afraid to say. Good for Jim.
Some big corporate cuck energy in here š·š·
Pro
It was a bit on the nose, and reopens the HCOL vs LCOL salary adjustments conversation. His phrasing could have been better.
Points on HCOL vs LCOL are valid, but forcing employees to come back into the office is another sign that IB/high finance, which was once the most coveted exit post-MBA or transition into, is playing second fiddle to tech. The industries that cling to the old school way because āthatās the way we do things hereā (IB and big law in particular) are going to continue to lose out to FAANG and startups because they canāt adapt. Culture is king, and sooner or later these stubborn CEOs are going to realize they need to listen to their employees or risk losing out on the best talent.
Makes me glad I chose Tech and not Finance.
Chief
I love what he said and 100% agree.