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I come from a poor family that lost everything in the great recession due to bad economy and illness in the pre-Obamacare era.
I fought, kicked, and scratched my way into the best paying jobs I could. I don't worry about fulfillment or intangibles in my career- I want to be safe and secure and know I can provide for my wife and elderly parents. I got into big 4 as a part of an acquisition and was estatic with the pay bumps and security that come from a larger firm.
So as an experienced hire from a poor background lacking an MBA, I care solely about money.
I cared about money until this year. I’ll make $230 all-in the year, but will happily take 20-30% paycut to not be tired, exhausted, and depressed all the time.
Good people work where they are valued .most. it really is that simple.
To answer the question, equity is to me the most important aspect of my comp. Ownership is key to building wealth, and firms that distribute equity to all levels seem to have better cultures, retain their people, and grow faster. I’ve worked for private partner-owned and public firms, and they were awful compared to the 100% ESOP firm I’m with now.
Family leave wasn’t important to me as an analyst. But as a Manager, some companies have extremely different paid leave. When someone like deloitte has 16 weeks for both men and women, it’s hard to leave for somewhere like Slalom where (granted two years ago) the leave was closer to 8 or 10 weeks...
I’m 100% with KPMG1
Nope, just checked and they are indeed 100% but that is not home for me. I am not a huge proponent of no travel consultancies, causes growth problems especially if you intend to grow specific verticals like FS, Healthcare, etc.
The only reason I need money is to cover my fear I won’t have a good life. If I get stellar healthcare, family leave and good culture and investment help, then I’m more happy. Living in NYC is a anxious race to not get sick or fall through the cracks, my colleagues in Europe don’t have the same issues.
Used consulting to mostly pay off my mba loans and have been living cheaply
MD1, point b?
Salary, incentive, excellent health & dental... pension match... as well PTO... & mat leave policy :) so... everything?
I had a good relationship with my partner at my old firm tho...so I could pretty much work when I wanted... which on average was still 60+ hours a week... but it’s nice to know I could take time off on a very flexible basis... currently I get 20 vacation days + 6 personal days + 10 sick days + 3 study days... it’s not bad but I lost all my accrual vacation :(
Pay is second if you hate the work. After 20 years in industry I went consulting. I love the mentoring and variety of doing something different every six months or year. I love being someone’s first boss and getting the most out of a 22 year olds.