Alvarez & Marsal What are the largest differences in benefits between B4 and Alvarez & Marsal? Considering recruiting but keep seeing ppl allude to large differences in benefits.

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Deloitte gives 1k wellness stipend, 500 hybrid work stipend, and 1k commute stipend. Only the wellness stipend is recurring. I’m probably paid 60-100k less than my counterpart at A&M. Idk about you but the best benefit there seems like the 60-100k

likesmartfunny

There are big differences in benefits but if you do the math, the additional cash comp far outweighs the loss of benefits

likesmart

$$ vs $$$

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$$ vs $$$$ is more accurate imo

likefunny

Y’all gotta also realize most people never actually get the full value of their “benefits”. This is all case by case basis.

A healthy individual may never get any benefit from better health insurance because they’re never using it where as a person with some unfortunate circumstances may realize a ton of value from that.

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You’ve just described adverse selection in insurance. No one buys insurance hoping to use it but you’ll be glad to have it when you do need it.

likehelpful

EY 3 but those benefits barely have any value lol. You add the value of all of them together and it’s just a few thousand dollars…

likesmart

There were a couple I noticed going from pwc to A&M. No student loan pay down at A&M. I believe the HSA contribution is lower as well. Phones are not free like they were at pwc. PwC had a 401k match (although it wasn’t substantial). I have found A&M’s high deductible insurance plan to be much better than PwC’s, however.

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I’d rather get cash than the “benefits”

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EY3 - My teams are getting dinner and an Uber ride home if they’re working 10-12 hour days, although that rarely happens, if ever. Is the pension offered at every level at EY/B4 or just partner specific? Agree re charging hours, we service the middle market who are a little more fee sensitive, but particularly given our comp model, requires accountability on our end.

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what team 😭

The main benefit which is take home $ is better.

likesmart

If your primary concern is comparing benefits packages, you’re playing checkers and not chess

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I just started here as well and I’d be interested. Haven’t set up the 401k yet

Cash comp > benefits

likesmart

Kind of surprised a lot of people are missing a few things here. I’ve seen:

EY
- Fitness fund
- 401k match every paycheck (not a year-end throw in)
- Car rental discount codes
- Lyra (25 sessions a year)
- Pension plan
- $60 phone a month
- $25 WFH internet a month
- $25 dinner (WFH or in-office) for 10-hour day (no questions asked)
- Uber home for 12-hour Day

A&M
- Standard HC, dental, etc.
- Phone plan
- 401k match with a few strings attached (employer does not contribute until you work there a full year, and once contributing it’s only done as a lump sum end of year)
- charging dinner (and frankly even sometimes charging all hours worked) is a bit of a battle. A&M feels more cost conscious, I would imagine it has to do with having less mega funds / large fees as B4 FDD tends to have.

Main conclusion: A&M of course wins the comp battle (no argument there), but Big4 gives you a number of benefits immediately when you start. The only Big4 hold-back is the pension.

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Damn I didn’t know EY gives free Uber rides after 12 billable? Is that in the intranet

I haven’t noticed a big difference in benefits. Pretty similar, standard.

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