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I love my S& colleagues. We work together on engagements all the time. They've won work that we otherwise wouldn't have, and bring an edge to our firm.
The amount of disinformation on this thread is alarming. Let's go thru this in pieces:
1. Booz & co did not do the same work as PwC advisory. Neither does S&. No it's not just about fancy slides. It's the kind and $value of projects
2. S& does not only pay higher for resources, it also bills significantly higher to clients for resources. Billing and salaries are to compete with MBB -- both talent and projects
3. The talent gap between PwC and S& is quite big -- it sounds harsh but it's true. I've worked with PwC teams and there is a difference. It's not that PwC folks are less smart, it's just that they have different standards and are trained with different expectation
4. There are many projects where the S& does the strategy work streams and PwC does implementation -- it's happening already and is tracked by both firms. Ask your partners on what the project amount and win ratio has been so far
5. The Booz Allen spinoff had more to it than just partner inequity -- there was also conflict of interest and shrinking value of federal practice work. On the other hand it is true that Booz partners could have stopped the PwC acquisition if it were more equitable. Having said that, these facts are irrelevant to the topic at hand
6. There is no such thing as 'non-MBA SA' in S&. We don't distinguish like that. There could be SAs who don't have an MBA but in any case all SAs are paid the same on the same level and band. That holds true for the entire company.
7. The whole point of buying S& was to have a competitive strategy practice. Bringing salaries down or meddling with the culture of S& isn't in the best interest of PwC either.
8. Guys if you want higher salaries work on development needs, network with people and come over to the other side.
9. FUCK Lotus Notes.
Change the name
Match their salary to native pwc folks. Their salaries are way much higher and all they do is create fancy PPTs in the name of strategy which we do too, but get paid nothing like them.
Gosh seems like PwC and Strategy& get along like step-siblings, but S& grew up rich and PwC grew up in the burbs 😂
No one cares if you leave the firm because we are all replaceable. If you are unhappy, just leave and go find yourself a new job. There are plenty of jobs out there.
#strategy&exit
@pwc1 your recommendation makes absolutely no freaking sense. They would be better off selling the business or writing it off. You like it or not, you are stuck with the salaries. In fact, I would argue that our comp is low. Because we Deloitte S&O sweetens the deal better
Keep them as a differentiated brand, wouldn't make sense otherwise - fully integrate them and you're essentially paying premium for more pwc
But when does S& do strategy and it results in PwC implementation? That's supposed to be the model but I haven't seen it yet play out.
Not go to bare bones discounts on projects. In theory they're supposed to be paying MBB prices for us. Win implementation work for MC and TC it doesn't matter if we're doing well and the rest of advisory is collapsing we will go down with the ship too
Just history repeating itself. Strategy& used to be Booz & Co. which was spun off of Booz Allen Hamilton in 2008. The Federal partners, were only about 10-20% of the partner pool but brought the vast majority of the 70-80% of the profit that was distributed to the other partners. Don't quote me on the numbers, those are notional figures. The inequity resulted in the federal partners seeking an outside investor, The Carlyle Group and buying out the commercial practice - who used the buyout to become Booz & Co. If you don't fix the real or perceived inequity problem, you're going to have an internal revolt. Good luck.
sell them because their useless snobby pieces of my dogs 🌷
"we deloitte"? s&1 you are in s& are you not? are you confused? should we take ur salary and distribute it alongst ourselves who got fucked? stfu
I am pre PwC acquisition, a SA, with no MBA, and making the same amount as my Ivy League graduate colleagues. I don't really care one way or another about the name, but I do like my job and enjoy what I do. I don't bitch about the company because I am happy with my job, comp, and colleagues. If I don't like something, I change something in my life to make it more enjoyable. That is what high performers do, they take action. Probably one of the reasons why S& believes I deserve to be paid as much as I do - because I done whine and bitch on FB all day rather than care for my client's needs.
"Take action eventually" aka you will bitch, cry, and moan about it and not do shit to fix your unhappiness like the baby back bitch you are
P2, let me rephrase S6 in a way that makes more sense without sounding snob or anything. The legacy Booz culture, for all its faults was always one where you could push back to your seniors and shape your career. I did it many times and so did most of my colleagues. We are extremely fortunate and I have notice that there are some differences in that regard at pwc. All that said, you should try to find a way to make change happen. Even if that means moving on. On the fair comp, we live in a market economy. If you feel you are not getting a fair comp and any of your options pays better, take the offer. If you can't get that money anywhere, maybe you are not that valuable in the marketplace. Ranting on FB will get you nowhere. Even more, if this shit results on a loss of brand equity, first you will be worse off and second the most likely beneficiaries of corrective actions will be the new entrants, not you.
Scrap the "we"
then go to deloitte. everyone should go to deloitte. i bet you if deloitte hired 50% of s& and associates of advisory and stuck out this global recession on EU side like how they did from the 2008 US recession they would be the top dog for sure. Fucking idiots firing left and right and now we need FS for regulations again from BREXIT
im telling you now if pwc doesnt fix this salary bullshit they will lose so much workforce and reputation that it will throw the firm into a sea of blood. our reputation is completely fucked. look at fishbowl. 90% of us are bashing PwC