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I work in Management Consulting at PwC with 3 YOE post MBA in Advisory. I also have 3 years of pre-MBA work ex. Current fixed component of CTC is 22.5 LPA. Bonus was around 1.5LPA.
I have cleared the initial 2 rounds of the EY process. How much can I ask based on my experience and what position should I be asking? Deloitte PwC KPMG EY
Please help me.
Anyone care to share m3 salary for cmaas in PwC
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HBAR - remember the name
Does Novartis provides permanent WFH?
What do your interns do?
Conversation Starter
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Mentor
Mentor
Mentor
The salary is too low for 40-45 hours a week. That’s still a 2000+ hour requirement.
Maybe at 80% Cravath. I’d forego bonus for 80% of Cravath.
Mentor
60% scale is a huge pay cut. 70-75% salary and 50-65% bonus and now we are talking
To clarify, this isn’t *billing* 40-45 hours a week, but *working* 40-45 hours. In our experience, that translates to weekly billables in the 20-25 hour range, but we don’t want our attorneys fixated on billable hours.
Enthusiast
Seems like a tough sell. Have you thought about just paying an hourly rate + % of any business they bring in? Basically partner-style comp. If work is remote, then what are your main per-associate overhead costs — largely just health benefits? You could say (just spitballing): above the breakeven overhead point, the firm keeps 60% of your collectibles, you keep 40%. Origination is payable by _______. That should give both parties upside benefit and downside protection.
From an associate standpoint, the fear is always that the WLB doesn’t improve enough to compensate for the huge cut in salary
Subject Expert
Salary is a bit low. What's the bonus situation?
Thanks for the feedback. Bonus would probably be more like 25% of Cravath’s.
Yes. That would be tempting to me, but would prefer higher salary.
Coach
80 or 85% for those hours.
Subject Expert
40-45 hours worked or billed? If billed, salary is too low
With remote work hours billed tracks a lot more closely to hours worked. Salary is too low for hours that are actually similar to cravath
Enthusiast
This sounds like a good gig - is this ZwillGen?
I’m in Newport and have a well-educated guess.
Want to add - is there a 401k match? Is 100% of health insurance covered?
What’s the monthly premium?
Community Builder
As a recruiter, I would not work this role. I’ve worked roles that were - quite frankly - much more appealing from a monetary standpoint and struggled mightily to fill them. Slim to None chance you’ll be able to attract anyone from an AmLaw 30 by PPP firm.
Isn’t this also against your interest since you’d get less? I smell some bias here.
Enthusiast
If this came with respectable PTO, parental leave and very good health insurance (BCBS PPO, etc.), I think this would be very reasonable
🙌 Thanks to everyone on this thread that provided feedback. We've refreshed our job post based on what we learned. Here are the headlines:
-Base salary at 60% of Cravath scale (seeking 5th years and above)
-Incentive-based bonuses in the target range of $10k-$50k, with the opportunity to go much higher
-Firm commitment to work-life balance. We expect attorneys to work (not bill) about 40-45 hours per week. In our experience, this translates to 20-25 billable hours per week, but we don't want our attorneys focused on billings.
If you're interested in pursuing this, the live post is here: https://angel.co/l/2uWub5
Would be tempting for me. Automatically eligible for bonus?
Yes, but at a much lower tier. Something like 25% of Cravath levels.
I’ll start tomorrow.
Promotion (counsel / partnership) prospects?
Short answer is yes, but the partnership model is different from BigLaw. There’s a good deal of profit sharing, but it’s nowhere near BigLaw PPP.