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Some recruiters will include 401K and health benefits to try to make the package seem sweeter. I think it’s dumb… West Monroe tried that with me.
Lol West Monroe tries to count “training investment” in your total comp as well, what a joke
I do not include benefits like 401K in the TC calculation BUT do consider them when deciding whether to take an offer (if that makes sense)
Total comp= Base Salary( 1+ bonus%) + RSU/year
I also don’t consider ESPP as part of total comp because it’s a personal investment option
So why include RSU’s in total comp, but not 401K match? Both is free money being invested for you in the stock market. Is it because RSU’s vest at some point and you can cash it out, vs 401K match that you don’t touch till retirement?
You can (and I think should) include 401k match in comp. Typically in consulting its peanuts, but I’ve heard of a few industry examples with generous match that would account for a solid chunk of comp
Yeah so my firm matches dollar for dollar up to 6%. That’s more than many consulting firms from what I’ve seen, so I feel it should be included in total comp.