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Chief
I mean this is a dumb question, but the way you phrased it obviously Slalom. In this scenario, Slalom would eventually gain a lot more prestige due to how above market it would pay.
There’s a highly positive correlation between pay and prestige.
A $2M Slalom partner and a $1M McKinsey partner is not the same person from a revenue and experience standpoint. I know several partners at Slalom that make less than $1M and there are many many partners at McKinsey that make more than $2M.
Chief
I earn between $2M and $3M at a company whose prestige is probably similar to Slalom’s. There’s no way I’d ever work at McKinsey for less or even for the same amount. They’d have to pay me a lot more for me to even entertain a conversation.
1) I don’t care about prestige and haven’t for my entire professional career. Why should I? Have you ever gotten a free first class upgrade by flashing someone your McKinsey business card? Will the chef cook my steak to exactly the right medium rare every time if they know how important my firm is?
2) I have a lot of respect for the McKinsey business and their people. But I like my firm and my coworkers and see no reason to think I’d be any happier there.
3) I have no inferiority complex. I know my firm isn’t as prestigious. I know that if you get an offer from my firm and from McKinsey, you’re taking the McKinsey offer. I know that I never even got a sniff at McKinsey because my GPA was only so-so after my junior year of college in a down economy. But I also know that I’m every bit as talented and capable as the typical McKinsey partner. They’d be lucky to have me and not the other way around.
Chief
D9: I work in healthcare strategy
SM1: My family would probably object. I don’t plan to ask them though because I’d prefer not to be proven wrong
Rising Star
I’d work 2 years for slalom and retire.
There’s lots of mobility between firms at the Senior Partner / SVP levels. It’s all about sales…if you can sell to big business then the world is your oyster
What will be the benefits of prestige if the salary stays the same for the rest of life? We aren’t doctors , we don’t save life. Just bottom feeders
The whole value prop of McKinsey is they attract the best people, so I think that should be factored in. Working with brilliant people is worth alot of money, at least in my opinion
I’ve worked at slalom and at MBB. Right now, I’m focused solely on money to pay off debts and build wealth. I loved both experiences. At slalom I worked 60 hours on average because of my internal involvement. At MBB I worked 60 hours on average because of the demanding projects. MBB paid more per hour with my average work week. MBB helped me get the work I needed to launch my career. Slalom helped me build my confidence. I think prestige doesn’t matter, it’s what you earn and what you learn at a company that matter.
I’ve worked at slalom and at MBB. Right now, I’m focused solely on money to pay off debts and build wealth. I loved both experiences. At slalom I worked 60 hours on average because of my internal involvement. At MBB I worked 60 hours on average because of the demanding projects. MBB paid more per hour with my average work week. MBB helped me get the work I needed to launch my career. Slalom helped me build my confidence. I think prestige doesn’t matter, it’s what you earn and what you learn at a company that matter. I left Slalom for MBB because I wasn’t earning a market competitive salary and I wasn’t being challenged anymore. I left MBB because I finally landed a role in my dream industry.
Rising Star
This isn’t even hypothetical - in many cases, other consulting firms and even industry are beating MBB now in comp. Maybe not by 2x, but i certainly know people at s& and alix partners making more than equivalent levels at MBB. Where I’m at now in industry, equivalent levels pay more or higher for way less hours.
So, the people who go to MBB and stay there would have to be there for reasons other than immediate pay.
Idk people seem to love the “flex / prestige” of introing themselves as part of a firm or school. It’s basically what price to pay, If I changed that 2MM vs. 1.7MM would the answers be the same?
Now you are making things interesting
WITCH vs Mck. Same numbers. What would you say?
One of those has much higher gatekeeping standards regarding new hires that the others. If quality of coworkers is a concern, there's a difference.
Pro
Money and stonks
Chief
I would take happiness over both of those
Slalom for several years and then move to MBB for the same $$$
Money, but even more than money peace of mind and TIME for myself. The rich can buy time. That’s what you aim for by working hard in your 20s and early 30s.. at least for me, then I decided to pause
Chief
Slalom "Consulting" because your effective wage is even higher than just 2x salary. Why work 4x as much, plus travel, for half the money?
The only reason to go McKinsey is if you never plan on having a partner or family.
I’ve worked at slalom and at MBB. Right now, I’m focused solely on money to pay off debts and build wealth. I loved both experiences. At slalom I worked 60 hours on average because of my internal involvement. At MBB I worked 60 hours on average because of the demanding projects. MBB paid more per hour with my average work week. MBB helped me get the work I needed to launch my career. Slalom helped me build my confidence. I think prestige doesn’t matter, it’s what you earn and what you learn at a company that matter.
For a $1M difference, definitely Slalom. If Slalom were only paying $1k more, then McK.
The one with the better WLB. Salary begins to get so meaningless after a certain point, and since I’d consider myself pretty grounded, that happens very early and then it becomes all about work ours and commitments.
Must be nice to consider extra money meaningless…
money. what type of question is this ha
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